Annual Report 2023

145 ANNUAL REPORT 2023 15. GOODWILL AND INTANGIBLE ASSETS Goodwill Intangible assets Port operating rights Others Total HK$’million HK$’million HK$’million HK$’million (Note (b)) (Note (c)) (Note (d)) Year ended 31 December 2023 As at 1 January 2023 5,613 7,989 391 8,380 Exchange adjustments 220 420 23 443 Additions — 79 112 191 Disposal of a subsidiary (note 37) (206) — — — Amortisation (Note (a)) — (295) (1) (296) As at 31 December 2023 5,627 8,193 525 8,718 As at 31 December 2023 Cost 6,237 10,725 534 11,259 Accumulated amortisation and impairment (610) (2,532) (9) (2,541) Net book value 5,627 8,193 525 8,718 Year ended 31 December 2022 As at 1 January 2022 5,641 8,230 377 8,607 Exchange adjustments (27) (15) 14 (1) Addition — 59 — 59 Disposal of a subsidiary (1) — — — Amortisation (Note (a)) — (285) — (285) As at 31 December 2022 5,613 7,989 391 8,380 As at 31 December 2022 Cost 6,231 10,113 398 10,511 Accumulated amortisation and impairment (618) (2,124) (7) (2,131) Net book value 5,613 7,989 391 8,380