Annual Report 2021

Management Discussion and Analysis 26 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED The interest-bearing loans and notes are denominated in the following currencies: Bank loans Notes payable Loans from a fellow subsidiary Loan from immediate holding company Loan from a non- controlling equity holder of a subsidiary Total HK$’million HK$’million HK$’million HK$’million HK$’million HK$’million As at 31 December 2021 HKD & USD 6,978 19,415 — — — 26,393 RMB 3,605 3,062 461 1,314 — 8,442 EURO 780 — — — 504 1,284 Brazilian Real 252 411 — — — 663 11,615 22,888 461 1,314 504 36,782 As at 31 December 2020 HKD & USD 7,645 19,274 — — — 26,919 RMB 5,082 2,971 455 934 — 9,442 EURO 1,191 — — — 520 1,711 Brazilian Real 499 621 — — — 1,120 14,417 22,866 455 934 520 39,192 ASSETS CHARGE As at 31 December 2021, bank loans of HK$619 million (2020: HK$536 million) borrowed by subsidiaries of the Company were secured by property, plant and equipment with carrying value of HK$356 million (2020: HK$458 million) and right-of-use assets with carrying value of HK$230 million (2020: HK$230 million). In addition, the entire shareholdings in two subsidiaries respectively owned by the Company and its subsidiary were pledged to various banks for bank loans of HK$1,688 million (2020: HK$2,405 million). CONTINGENT LIABILITIES Save as disclosed in note 40 (d) to the consolidated financial statements, the Group did not have any other significant contingent liabilities as at 31 December 2021. MATERIAL ACQUISITIONS OR DISPOSALS Save as disclosed in this Annual Report, the Group did not have any other material acquisitions or disposals of subsidiaries, associates and joint ventures during the period of review. FUTURE PLANS FOR MATERIAL INVESTMENTS OR ACQUISITION OF CAPITAL ASSETS AND EXPECTED SOURCE OF FUNDING Save as disclosed in this Annual Report, the Group did not have any other plans for material investments or acquisition of capital assets as at 31 December 2021. SIGNIFICANT INVESTMENTS As at 31 December 2021, the Group did not hold any significant investments which constitute 5% or more of its total assets.