Annual Report 2021

CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED 154 Notes to the Consolidated Financial Statements For the year ended 31 December 2021 20. INTERESTS IN ASSOCIATES (CONTINUED) (a) Material associate (continued) SIPG Group 2021 2020 HK$’million HK$’million Reconciliation to the carrying amounts of interests in the associate: Net assets of the associate 135,454 114,852 Less: non-controlling interests (9,827) (10,054) Net assets attributable to equity holders of the associate 125,627 104,798 Proportion of the Group’s interests in the associate 26.64% 26.77% Net assets attributable to the Group’s interests in the associate 33,467 28,054 Goodwill 2,608 2,543 Carrying amount of the Group’s interests in the associate 36,075 30,597 Market value of the listed associate, valued based on the quoted prices in active market for the identical asset directly, and categorised as level 1 of the fair value hierarchy of the Group’s interests in the associate 41,629 33,681 (b) Aggregate of other associates that are not individually material 2021 2020 HK$’million HK$’million The Group’s share of: Profit for the year 2,142 1,607 Other comprehensive income 393 112 Total comprehensive income 2,535 1,719 Aggregate carrying amount of the Group’s interests in these associates 39,134 36,829