Annual Report 2023

Notes to the Consolidated Financial Statements For the year ended 31 December 2023 138 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED 7. OTHER INCOME AND OTHER GAINS/(LOSSES), NET 2023 2022 HK$’million HK$’million Net loss on deemed disposal of partial interest in associates — (3) Net loss on disposal of property, plant and equipment and right-of-use assets (22) (86) Gain on disposal of a subsidiary (note 37) 115 — Net change in fair value of financial assets at FVTPL – equity investments 59 (380) – structured deposits 40 22 Net change in fair value of investment properties (note 18) (7) 7 Net reversal/(allowance) for credit losses of trade debtors and other debtors 29 (276) Net exchange losses (78) (481) Operating indemnification (Note) — 249 Dividend income from equity investments 86 92 Government grants 145 184 Others 131 37 498 (635) Note: Amount being the indemnification from a non-controlling shareholder of a subsidiary in connection with the operation of the relevant subsidiary. 8. STAFF COSTS (INCLUDING DIRECTORS’ EMOLUMENTS) 2023 2022 HK$’million HK$’million Wages, salaries and bonus 1,808 1,859 Equity-settled share based payment 1 (7) Retirement benefit scheme contributions 316 455 2,125 2,307