Annual Report 2021

ANNUAL REPORT 2021 161 31. OTHER RESERVES Investment Capital revaluation Translation Statutory reserve reserve reserve reserves Total HK$’million HK$’million HK$’million HK$’million HK$’million (Note) As at 1 January 2021 436 291 950 3,245 4,922 OTHER COMPREHENSIVE INCOME/(EXPENSE) Exchange differences from retranslation of investments in subsidiaries, associates and joint ventures — — 2,595 — 2,595 Release of reserves upon deemed disposal of a subsidiary — — (3) (7) (10) Release of reserves upon deemed disposal of partial interest in associates (4) (4) (35) (19) (62) Surplus on revaluation of an owner occupied property upon change of use to investment property — 61 — — 61 Share of reserves of associates and a joint venture — 361 — — 361 Other comprehensive income/(expense) for the year, net of tax (4) 418 2,557 (26) 2,945 TRANSACTIONS WITH OWNERS Transfer from retained earnings — — — 99 99 Contribution from immediate holding company 20 — — — 20 Reversal of contribution from immediate holding company (22) — — — (22) Share of other changes in equity attributable to equity holders of associates 468 — — — 468 Total transactions with owners for the year 466 — — 99 565 As at 31 December 2021 898 709 3,507 3,318 8,432