Annual Report 2021

ANNUAL REPORT 2021 139 15. GOODWILL AND INTANGIBLE ASSETS Goodwill Intangible assets Port operating rights Others Total HK$’million HK$’million HK$’million HK$’million (Note (b)) (Note (c)) (Note (d)) Year ended 31 December 2021 As at 1 January 2021 5,759 8,974 395 9,369 Exchange adjustments (118) (498) (18) (516) Addition — 29 — 29 Amortisation (Note (a)) — (275) — (275) As at 31 December 2021 5,641 8,230 377 8,607 As at 31 December 2021 Cost 6,317 10,091 384 10,475 Accumulated amortisation and impairment (676) (1,861) (7) (1,868) Net book value 5,641 8,230 377 8,607 Year ended 31 December 2020 As at 1 January 2020 6,931 9,759 485 10,244 Exchange adjustments (769) (642) (90) (732) Addition — 116 — 116 Obtaining control of a non-wholly owned subsidiary (note 39) 218 — — — Amortisation (Note (a)) — (259) — (259) Impairment loss (621) — — — As at 31 December 2020 5,759 8,974 395 9,369 As at 31 December 2020 Cost 6,380 10,689 402 11,091 Accumulated amortisation and impairment (621) (1,715) (7) (1,722) Net book value 5,759 8,974 395 9,369