Annual Report 2023

Notes to the Consolidated Financial Statements For the year ended 31 December 2023 148 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED 16. PROPERTY, PLANT AND EQUIPMENT Harbour Plant, works, machinery, Leasehold buildings furniture Assets land and and and under buildings dockyard equipment Others construction Total HK$’million HK$’million HK$’million HK$’million HK$’million HK$’million (Note (a)) Year ended 31 December 2023 As at 1 January 2023 1,215 15,495 5,260 984 1,263 24,217 Exchange adjustments (22) 28 — 1 (30) (23) Additions — 105 279 28 632 1,044 Disposal of a subsidiary (note 37) (175) (1,840) (617) (2) — (2,634) Disposals (1) (11) (16) — — (28) Transfer 61 78 226 12 (377) — Transfer to investment properties (11) — — — — (11) Depreciation (Note (b)) (51) (675) (609) (83) — (1,418) Impairment (1) — (1) — — (2) As at 31 December 2023 1,015 13,180 4,522 940 1,488 21,145 As at 31 December 2023 Cost 1,525 20,005 11,567 1,670 1,488 36,255 Accumulated depreciation and impairment (510) (6,825) (7,045) (730) — (15,110) Net book value 1,015 13,180 4,522 940 1,488 21,145 Year ended 31 December 2022 As at 1 January 2022 1,372 17,099 5,820 1,015 1,540 26,846 Exchange adjustments (96) (987) (335) (43) (32) (1,493) Additions — 146 241 31 619 1,037 Disposal of a subsidiary (2) (305) (111) (1) — (419) Disposals — (17) (12) — — (29) Transfer 9 315 314 67 (705) — Transfer to right-of-use assets — — — — (159) (159) Depreciation (Note (b)) (68) (756) (657) (85) — (1,566) As at 31 December 2022 1,215 15,495 5,260 984 1,263 24,217 As at 31 December 2022 Cost 1,760 23,036 12,967 1,653 1,263 40,679 Accumulated depreciation and impairment (545) (7,541) (7,707) (669) — (16,462) Net book value 1,215 15,495 5,260 984 1,263 24,217