Annual Report 2021

CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED 204 Notes to the Consolidated Financial Statements For the year ended 31 December 2021 45. STATEMENT OF FINANCIAL POSITION AND RESERVES OF THE COMPANY 2021 2020 HK$’million HK$’million ASSETS Non-current assets Property, plant and equipment 388 402 Interests in subsidiaries 79,266 77,837 Interests in associates 632 588 Prepayment 6 6 80,292 78,833 Current assets Debtors, deposits and prepayments 12 17 Advances to subsidiaries 1,239 1,697 Advances to associates 52 69 Cash and bank balances 2,376 3,702 3,679 5,485 Total assets 83,971 84,318 EQUITY Capital and reserves attributable to equity holders of the Company Share capital 44,017 42,521 Reserves (Note) 3,017 3,364 Proposed dividend (Note) 2,726 1,867 Total equity 49,760 47,752 LIABILITIES Non-current liability Bank and other borrowings 2,505 5,547 Current liabilities Advances from subsidiaries 23,855 25,455 Creditors and accruals 405 381 Bank and other borrowings 7,446 5,183 31,706 31,019 Total liabilities 34,211 36,566 Total equity and liabilities 83,971 84,318 Net current liabilities (28,027) (25,534) Total assets less current liabilities 52,265 53,299 The statement of financial position of the Company was approved and authorised for issue by the Board of Directors on 30 March 2022 and are signed on its behalf by: Mr. Deng Renjie Mr. Wang Xiufeng DIRECTOR DIRECTOR