FINANCIAL REPORT

Consolidated Statement of Changes in Equity

for the year ended 31 December 2022 (Amounts in millions)

Attributable to equity holders of the Company

Share capital

Capital reserve

Share premium

Surplus reserves

General risk reserve

Other reserves

Exchange reserve

Retained earnings

Total

Non- Controlling interests

Total equity

Notes

RMB

RMB

RMB

RMB

RMB

RMB

RMB

RMB

RMB

RMB

RMB

Balance as at 1 January 2021

80,932

17,468

10,746

79,854

56

321

(937)

175,016

363,456

2,719

366,175

Profit for the year (restated)

–

–

–

–

–

–

–

25,949

25,949

200

26,149

Other comprehensive income for the year

–

–

–

–

–

5

(233)

–

(228)

–

(228)

Total comprehensive income for the year (restated)

–

–

–

–

–

5

(233)

25,949

25,721

200

25,921

Adjusted for entity combination under common control

3(a)

–

3

–

–

–

–

–

–

3

1

4

Issuance of shares upon A Shares Offering, net of issuing expenses

10,575

–

36,941

–

–

–

–

–

47,516

–

47,516

Contribution from non-controlling interests

–

463

–

–

–

–

–

–

463

613

1,076

Distribution to non–controlling interests

–

–

–

–

–

–

–

–

–

(116)

(116)

Disposal of subsidiaries

–

–

–

–

(3)

(28)

–

31

–

(922)

(922)

Share of associates and joint ventures’ other changes in reserves

–

(42)

–

–

–

–

–

–

(42)

–

(42)

Dividends

37

–

–

–

–

–

–

–

(8,439)

(8,439)

–

(8,439)

Appropriations to statutory surplus reserve

26

–

–

–

2,423

–

–

–

(2,423)

–

–

–

Appropriations to general risk reserve

26

–

–

–

–

44

–

–

(44)

–

–

–

Balance as at 31 December 2021,
as restated

91,507

17,892

47,687

82,277

97

298

(1,170)

190,090

428,678

2,495

431,173

Profit for the year

–

–

–

–

–

–

–

27,593

27,593

83

27,676

Other comprehensive income for the year

–

–

–

–

–

(172)

712

–

540

–

540

Total comprehensive income for the year

–

–

–

–

–

(172)

712

27,593

28,133

83

28,216

Consideration for entity combination under common control

3(a)

–

(3)

–

–

–

–

–

–

(3)

–

(3)

Acquisition of non-controlling interests

–

(1)

–

–

–

–

–

–

(1)

–

(1)

Contribution from non-controlling interests

–

1,824

–

–

–

–

–

–

1,824

1,851

3,675

Distribution to non–controlling interests

–

–

–

–

–

–

–

–

–

(89)

(89)

Share of associates and joint ventures’ other changes in reserves

–

(2)

–

–

–

–

–

(3)

(5)

(2)

(7)

Dividends

37

–

–

–

–

–

–

–

(26,537)

(26,537)

–

(26,537)

Appropriations to statutory surplus reserve

26

–

–

–

2,624

–

–

–

(2,624)

–

–

–

Appropriations to general risk reserve

26

–

–

–

–

86

–

–

(86)

–

–

–

Balance as at 31 December 2022

91,507

19,710

47,687

84,901

183

126

(458)

188,433

432,089

4,338

436,427

The notes on pages 193 to 287 form part of these consolidated financial statements.