City Developments Annual Report 2023

Note Share capital Capital reserve Fair value reserve Hedging reserve Other reserves Share option reserve Foreign currency translation reserve Accumulated profits Total attributable to owners of the Company Noncontrolling interests Total equity $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Group At 1 January 2023 1,991,397 232,681 73,456 17,355 24,651 15,482 (334,364) 7,195,677 9,216,335 348,487 9,564,822 Total comprehensive income for the year Profit for the year – – – – – – – 317,313 317,313 31,493 348,806 Other comprehensive income Defined benefit plan remeasurements – – – – – – – 5,399 5,399 (33) 5,366 Changes in fair value of equity investments at FVOCI – – (4,614) – – – – – (4,614) – (4,614) Effective portion of changes in fair value of cash flow hedges – – – (10,362) – – – – (10,362) – (10,362) Exchange differences on hedges of net investment in foreign operations – – – – – – 16,553 – 16,553 – 16,553 Exchange differences on monetary items forming part of net investments in foreign operations – – – – – – 5,933 – 5,933 – 5,933 Share of translation differences of equity-accounted investees – – – – – – (18,255) – (18,255) – (18,255) Share of other comprehensive income of equity-accounted investees – – – – 1 – – – 1 – 1 Translation differences arising on consolidation of foreign operations – – – – – – (127,185) – (127,185) (9,578) (136,763) Total other comprehensive income – – (4,614) (10,362) 1 – (122,954) 5,399 (132,530) (9,611) (142,141) Total comprehensive income for the year – – (4,614) (10,362) 1 – (122,954) 322,712 184,783 21,882 206,665 Transactions with owners, recorded directly in equity Contributions by and distributions to owners Capital distribution by non-controlling interests (net) – – – – – – – – – 1,263 1,263 Dividends paid to owners of the Company 35 – – – – – – – (193,634) (193,634) – (193,634) Dividends paid to non-controlling interests – – – – – – – – – (13,869) (13,869) Share-based payment transactions – – – – – 68 – – 68 – 68 Purchase and cancellation of preference shares 19 (25,808) – – – – – – – (25,808) – (25,808) Total contributions by and distributions to owners (25,808) – – – – 68 – (193,634) (219,374) (12,606) (231,980) Changes in ownership interests in subsidiaries Changes in interests in subsidiaries without loss of control 39 – (1,260) – – – – – – (1,260) 1,092 (168) Total changes in ownership interests in subsidiaries – (1,260) – – – – – – (1,260) 1,092 (168) Total transactions with owners (25,808) (1,260) – – – 68 – (193,634) (220,634) (11,514) (232,148) Transfers – 5 – – (1) (15,257) – 15,258 5 – 5 At 31 December 2023 1,965,589 231,426 68,842 6,993 24,651 293 (457,318) 7,340,013 9,180,489 358,855 9,539,344 The accompanying notes form an integral part of these financial statements. CONSOLIDATED STATEMENT OF CHANGES IN EQUITY YEAR ENDED 31 DECEMBER 2023 FINANCIALS FINANCIALS ANNUAL REPORT 2023 CITY DEVELOPMENTS LIMITED 127 126

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