Annual Report 2023

84 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the year ended 31 December 2023 2023 2022 HK$’million HK$’million Profit for the year 7,385 9,029 Other comprehensive expense Items that may be reclassified subsequently to profit or loss: Exchange differences from retranslation of investments in subsidiaries, associates and joint ventures (1,266) (9,227) Release of reserves upon disposal of a subsidiary 109 24 Items that will not be reclassified subsequently to profit or loss: Net actuarial gain/(loss) on defined benefit plans of subsidiaries 9 (58) Surplus on revaluation of an owner occupied property upon change of use to investment property 52 — Share of other reserves of associates 1,026 (67) Share of net actuarial loss on defined benefit plans of associates and a joint venture (16) (6) Total other comprehensive expense for the year, net of tax (86) (9,334) Total comprehensive income/(expense) for the year 7,299 (305) Total comprehensive income/(expense) attributable to: Equity holders of the Company 6,078 (453) Holders of perpetual capital securities 191 229 Non-controlling interests 1,030 (81) 7,299 (305)