Annual Report 2023

88 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED Consolidated Statement of Changes in Equity For The Year Ended 31 December 2023 Attributable to equity holders of the Company Perpetual capital securities Non- controlling interests Total Note Share capital Other reserves Retained earnings Total HK$’million HK$’million HK$’million HK$’million HK$’million HK$’million HK$’million (note 29) As at 1 January 2022 44,017 8,432 45,813 98,262 6,241 20,295 124,798 COMPREHENSIVE INCOME Profit for the year — — 7,781 7,781 229 1,019 9,029 Other comprehensive (expense)/income Exchange differences from retranslation of investments in subsidiaries, associates and joint ventures — (8,151) — (8,151) — (1,076) (9,227) Release of reserves upon disposal of a subsidiary — (4) 28 24 — — 24 Net actuarial loss on defined benefit plans of subsidiaries — — (34) (34) — (24) (58) Share of other reserves of associates — (67) — (67) — — (67) Share of net actuarial loss on defined benefit plans of an associate and a joint venture — — (6) (6) — — (6) Total other comprehensive expense for the year, net of tax — (8,222) (12) (8,234) — (1,100) (9,334) Total comprehensive (expense)/ income for the year — (8,222) 7,769 (453) 229 (81) (305) TRANSACTIONS WITH OWNERS Issue of shares in lieu of dividends 27 2,651 — — 2,651 — — 2,651 Transfer to statutory reserve — 163 (163) — — — — Disposal of a subsidiary — — — — — (120) (120) Contribution from immediate holding company — 8 — 8 — — 8 Reversal of contribution from immediate holding company — (15) — (15) — — (15) Share of other changes in equity attributable to equity holders of associates and joint ventures — 108 — 108 — — 108 Repayment of capital contribution to a non-controlling equity holder — — — — — (68) (68) Distribution to holders of perpetual capital securities 28 — — — — (224) — (224) Dividends — — (3,592) (3,592) — (665) (4,257) Total transactions with owners for the year 2,651 264 (3,755) (840) (224) (853) (1,917) As at 31 December 2022 46,668 474 49,827 96,969 6,246 19,361 122,576