Annual Report 2023

Notes to the Consolidated Financial Statements For the year ended 31 December 2023 156 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED 20. INTERESTS IN ASSOCIATES (CONTINUED) (a) Material associate SIPG Group 2023 2022 HK$’million HK$’million Financial information of the consolidated statement of profit or loss and other comprehensive income Revenue 41,716 43,404 Profit for the year, attributable to equity holders of the associate 15,112 20,135 Other comprehensive expense for the year, attributable to equity holders of the associate (636) (537) Total comprehensive income for the year, attributable to equity holders of the associate 14,476 19,598 Dividends received from the associate by the Group 1,015 1,457 Financial information of consolidated statement of financial position Non-current assets 169,753 155,219 Current assets 58,457 51,999 Current liabilities (25,203) (28,958) Non-current liabilities (49,514) (39,298) Net assets of the associate 153,493 138,962 Reconciliation to the carrying amounts of interests in the associate: Net assets of the associate 153,493 138,962 Less: non-controlling interests (14,367) (9,905) Net assets attributable to equity holders of the associate 139,126 129,057 Proportion of the Group’s interests in the associate 28.05% 28.05% Net assets attributable to the Group’s interests in the associate 39,025 36,200 Goodwill 2,749 2,789 Carrying amount of the Group’s interests in the associate 41,774 38,989 Market value of the listed associate, valued based on the quoted prices in active market for the identical asset directly, and categorised as level 1 of the fair value hierarchy of the Group’s interests in the associate 35,315 39,043