Annual Report 2019

121 ANNUAL REPORT 2019 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) 2.1 Basis of preparation (continued) (i) New and amendments to HKFRSs that are mandatorily effective for the current year (continued) HKFRS 16 (continued) The following adjustments were made to the amounts recognised in the consolidated statement of financial position at 1 January 2019. Line items that were not affected by the changes have not been included. Carrying amounts previously reported at 31 December Carrying amounts under HKFRS 16 at 1 January Note 2018 Adjustments 2019 HK$’million HK$’million HK$’million Non-current assets Property, plant and equipment (b) 29,212 (6,184) 23,028 Right-of-use assets — 18,064 18,064 Land use rights 10,973 (10,973) — Current assets Debtors, deposits and prepayments (c) 3,377 (48) 3,329 Capital and reserves Reserves 33,820 (118) 33,702 Non-controlling interests 12,683 (19) 12,664 Non-current liabilities Other non-current liabilities (b) 5,806 (47) 5,759 Lease liabilities — 963 963 Current liabilities Creditors and accruals (b) 3,684 (55) 3,629 Lease liabilities — 135 135 Notes: (a) For the purpose of reporting cash flows from operating activities under indirect method for the year ended 31 December 2019, movements in working capital have been computed based on opening consolidated statement of financial position as at 1 January 2019 as disclosed above. (b) The Group reclassified the obligations under finance leases of HK$35 million and HK$47 million to lease liabilities as current and non-current liabilities respectively at 1 January 2019. (c) Upfront rental payments from the PRC and Sri Lanka for own used properties were classified as prepayments as at 31 December 2018. Upon application of HKFRS 16, prepayments amounting to HK$48 million were reclassified to right-of-use assets.