Annual Report 2023

187 ANNUAL REPORT 2023 36. INFORMATION OF THE CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED) (b) Reconciliation of liabilities arising from financing activities The table below details changes in the Group’s liabilities arising from financing activities, including both cash and non-cash changes. Liabilities arising from financing activities are those for which cash flows were, or future cash flows will be, classified in the Group’s consolidated statement of cash flows as cash flows used in financing activities. Bank and other borrowings Creditors and accruals Bank loans Loans from a fellow subsidiary Loan from immediate holding company Notes payable Lease liabilities Interest payable Amount due to an associate Dividend payable to non- controlling equity holders of subsidiaries Dividend payable to equity holders of the Company Distribution payable to holders of perpetual capital securities Total HK$’million HK$’million HK$’million HK$’million HK$’million HK$’million HK$’million HK$’million HK$’million HK$’million HK$’million At 1 January 2023 13,381 269 1,458 19,421 950 351 280 34 — — 36,144 Financing cash flows 10,171 147 (1,324) (7,033) (146) (1,650) 112 (434) (1,248) (225) (1,630) Non-cash changes Exchange adjustments (125) (12) (146) 68 28 (151) (35) (13) — — (386) Issue of shares in lieu of dividends — — — — — — — — (2,063) — (2,063) Interest expense — 21 12 — 50 1,691 — — — — 1,774 New leases entered/lease modified — — — — 300 — — — — — 300 Declaration of distribution — — — — — — — — — 225 225 Declaration of dividend — — — — — — — 502 3,311 — 3,813 At 31 December 2023 23,427 425 — 12,456 1,182 241 357 89 — — 38,177