Annual Report 2023

Notes to the Consolidated Financial Statements For the year ended 31 December 2023 158 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED 22. OTHER FINANCIAL ASSETS 2023 2022 HK$’million HK$’million Financial assets at FVTPL (Note (a)) 5,870 3,957 Equity instruments at FVTOCI (Note (b)) 10 30 Advances to associates (Note (c)) 272 3,372 Advance to a joint venture (Note (d)) 1,016 955 Compensation receivable from SLRC 2,971 3,014 10,139 11,328 Analysed as: Non-current 6,801 8,860 Current 3,338 2,468 10,139 11,328 Notes: (a) Financial assets at FVTPL 2023 2022 HK$’million HK$’million Listed equity investment in Hong Kong 174 156 Listed equity investments in Mainland China 2,365 2,337 Structured deposits 3,330 1,461 Other unlisted equity investments 1 3 5,870 3,957 (b) Equity instruments at FVTOCI 2023 2022 HK$’million HK$’million Unlisted equity investments in Mainland China 10 30 (c) Included in the amount of an advance to an associate of Euro26 million (equivalent to approximately HK$225 million) for the year ended 31 December 2023 is interest-bearing at a rate of 6.15% per annum and repayable in 2028. Included in the amount for the remaining balance of an advance to another associate of RMB34 million (equivalent to approximately HK$38 million) for the year ended 31 December 2023 is interest-bearing at 1-year loan prime rate (adjust annually) of 3.65% per annum and repayable in 2026. Included in the amount of an advance to an associate of US$428 million (equivalent to approximately HK$3,333 million) for the year ended 31 December 2022 is interest-bearing at a rate of 6% per annum and settled during the year. (d) The amount is denominated in Australian dollar, unsecured, interest-bearing at a rate of 0.5% plus the weighted average of the interest rates applicable under certain facilities provided to the joint venture per annum and repayable in 2034 (2022: repayable in 2023).