Annual Report 2023

Notes to the Consolidated Financial Statements For the year ended 31 December 2023 152 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED 19. INTERESTS IN SUBSIDIARIES (a) Composition of the Group Particulars of the Company’s principal subsidiaries at 31 December 2023 are set out in note 40. (b) Non-wholly-owned subsidiaries of the Group that have material non-controlling interests The table below shows non-wholly-owned subsidiaries of the Group that have material non-controlling interests: Proportion of effective Proportion of effective ownership interests held voting rights held by Accumulated Name of subsidiaries by non-controlling interests non-controlling interests non-controlling interests 2023 2022 2023 2022 2023 2022 HK$’million HK$’million Shantou China Merchants Port Group Co., Ltd. (“SPG”) 40.00% 40.00% 40.00% 40.00% 4,221 4,284 Gainpro Resources Limited (“Gainpro”) 35.00% 35.00% 35.00% 35.00% 4,777 4,806 Individually immaterial subsidiaries with non-controlling interests 8,170 10,271 17,168 19,361 The summarised financial information of SPG and its subsidiaries (the “SPG Group”) and the Gainpro and its subsidiaries (the “Gainpro Group”) is prepared in accordance with the significant accounting policies of the Group. Summarised financial information of the consolidated statement of profit or loss and other comprehensive income and consolidated statement of cash flows in respect of the SPG Group and the Gainpro Group is set out below: 2023 SPG Gainpro Group Group HK$’million HK$’million Financial information of the consolidated statement of profit or loss and other comprehensive income Revenue 467 275 Other income and other gains 89 7 Expenses and taxation (723) (353) Loss and other comprehensive expense for the year (167) (71) Loss and other comprehensive expense for the year, attributable to: Equity holders of the Company (166) (30) Non-controlling interests (1) (41) (167) (71) Dividends paid to non-controlling interests — — Financial information of the consolidated statement of cash flows Net cash inflow from operating activities 97 158 Net cash outflow from investing activities (114) (75) Net cash (outflow)/inflow (17) 83