Annual Report 2023

163 ANNUAL REPORT 2023 29. OTHER RESERVES Capital Investment revaluation Translation Statutory reserve reserve reserve reserve Total HK$’million HK$’million HK$’million HK$’million HK$’million (Note) As at 1 January 2023 971 642 (4,620) 3,481 474 OTHER COMPREHENSIVE INCOME/ (EXPENSE) Exchange differences from retranslation of investments in subsidiaries, associates and joint ventures — — (1,324) — (1,324) Release of reserves upon disposal of a subsidiary — — 109 (52) 57 Surplus on revaluation of an owner occupied property upon change of use to investment property — 52 — — 52 Share of reserves of associates — 1,026 — — 1,026 Other comprehensive income/(expense) for the year, net of tax — 1,078 (1,215) (52) (189) TRANSACTIONS WITH OWNERS Transfer from retained earnings — — — 107 107 Acquisition of additional interest in a subsidiary 1 — — — 1 Contribution from immediate holding company 1 — — — 1 Share of other changes in equity attributable to equity holders of associates and joint ventures 301 — — — 301 Total transactions with owners for the year 303 — — 107 410 As at 31 December 2023 1,274 1,720 (5,835) 3,536 695