Consolidated Statement of Changes in Equity

For the year ended 31 December 2014

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	Note	Share capital HK$ million	Share premium HK$ million (note 45(e)(i))	Capital redemption reserve HK$ million (note 45(e)®	Perpetual capital securities HK$ million	Capital Reserve HK$ million (note45(e)(ii))	Hedging reserve HK$ million (note45(e)(iii))	Investment revaluation reserve HK$ million (note45(e)(iv))	General reserve HK$ million (note45(e)(v))	Retained earnings HK$ million	Exchange reserve HK$ million (note 45(e)(vi))	Total HK$ million	Non- controlling interests HK$ million	Total equity HK$ m illion
Balance at 1 January 2014		1,460	36,533	29	13,838	202,637	1,031	(4,324)	19,249	97,881	17,280	385,614	130,938	516,552
Changes in equity for 2014
Profit for the year		-	-	-	1,130	-	-	-	-	39,834	-	40,964	18,836	59,800
Other comprehensive income for the year	17	-	-	-	-	-	(939)	9,209	-	-	(1,683)	6,587	1,664	8,251
Total comprehensive income for the year		-	-	-	1,130	-	(939)	9,209	-	39,834	(1,683)	47,551	20,500	68,051
Issue of share		286,502	-	-	-	-	-	-	-	-	-	286,502	-	286,502
Consideration paid to acquire a subsidiary under common control		-	-	-	-	(286,585)	-	-	-	-	-	(286,585)	-	(286,585)
Capital injection by non-controlling interests		-	-	-	-	-	-	-	-	-	-	-	760	760
Issue of other equity instruments by a subsidiary		-	-	-	-	-	-	-	-	-	-	-	2,303	2,303
Transfer of profits to general reserve		-	-	-	-	-	-	-	5,587	(5,587)	-	-	-	-
Dividends paid to ordinary shareholders of the Company	15	-	-	-	-	-	-	-	-	(1,286	-	(1,286)	-	(1,286)
Dividends paid to non-tontrolling interests		-	-	-	-	-	-	-	-	-	-	-	(6,292)	(6,292)
Distribution to holders of perpetual capital securities		-	-	-	(1,134)	-	-	-	-	-	-	(1,134)	-	(1,134)
Transaction with non-controlling interests		-	-	-	-	(67)	-	-	-	-	-	(67)	(2,750)	(2,817)
Dilution of non-controlling interests through common control transactions		-	-	-	-	1,045	-	-	-	-	-	1,045	(1,045)	-
Prior to business combination under common control, the acquired subsidiary:
1. capital injection by the ultimate controlling shareholder		-	-	-	-	21,455	-	-	-	-	-	21,455	-	21,455
2. dividends paid to the ultimate controlling shareholder		-	-	-	-	-	-	-	-	(21,455)	-	(21,455)	-	(21,455)

Transition to no par value regime on 3 March 2014		36,562	(36,533)	(29)	-	-	-	-	-	-	-	-	-	-
Dilution of share of interest in an associate		-	-	-	-	696	-	-	-	-	-	696	-	696
Others		(326)	-	-	-	(50)	-	-	-	-	-	(376)	(867)	(1,243)
Other changes in equity		322,738	(36,533)	(29)	(1,134)	(263,506)			5,587	(28,328)		(1,205)	(1,205)	(9,096)
Balance at 31 December2014		324,198	-	-	13,834	(60,869)	92	4,885	24,836	109,387	15,597	431,960	143,547	575,507
Balance at 1 January 2013		1,460	36533	29	5,953	199,697	(473)	(39)	11,358	59,184	8,203	321,905	124,409	446,314
Changes in equity for 2013
Profit for the year		_	_	_	881	_	_	-	_	48,430	_	49,311	21,148	70,459
Other comprehensive income for the year	17	-	-	-	-	-	1,504	(4,285)	-	-	9,077	6,296	1,852	8,148
Total comprehensive income for the year		-	-	-	881	-	1,504	(4,285)	-	48,430	9,077	55,607	23,000	78,607
Issue of perpetual capital securities		-	-	-	7,800	-	-	-	-	-	-	7,800	-	7,800
Capital injection by non-controlling interests		-	-	-	-	-	-	-	-	-	-	-	1,172	1,172
Transfer of profits to general reserve		-	-	-	-	-	-	-	7,891	(7,891)	-	-	-	-
Dividends paid to ordinary shareholders of the Company		-	-	-	-	-	-	-	-	(620)	-	(620)	-	(620)
Dividends paid to non-controlling interests		-	-	-	-	-	-	-	-	-	-	-	(3,627)	(3,627)
Distribution to holders of
perpetual capital securities		-	-	-	(796)	-	-	-	-	-	-	(796)	-	(796)
Consideration paid to acquire a subsidiary
under common control		-	-	-	-	(2,374)	-	-	-	-	-	(2374)	-	(2374)
Transaction with non-controlling interests		-	-	-	-	5,167	-	-	-	(1,002)	-	4,165	(14,000)	(9,835)
Others		-	-	-	-	147	-	-	-	(220)	-	(73)	(16)	(89)
Other changes in equity					7,004	2,940			7,891	(9,733)	-	8,102	(16,471)	(8,369)
Balance at 31 December 2013		1,460	36,533	29	13,838	202,637	1,031	(4324)	19,249	97,881	17,280	385,614	130,938	516,552

	Note	Share capital HK$ million	Share premium HK$ million (note 45(e)(i))	Capital redemption reserve HK$ million (note 45(e)®	Perpetual capital securities HK$ million	Capital Reserve HK$ million (note45(e)(ii))	Hedging reserve HK$ million (note45(e)(iii))	Investment revaluation reserve HK$ million (note45(e)(iv))	General reserve HK$ million (note45(e)(v))	Retained earnings HK$ million	Exchange reserve HK$ million (note 45(e)(vi))	Total HK$ million	Non- controlling interests HK$ million	Total equity HK$ m illion
Balance at 1 January 2014		1,460	36,533	29	13,838	202,637	1,031	(4,324)	19,249	97,881	17,280	385,614	130,938	516,552
Changes in equity for 2014
Profit for the year		-	-	-	1,130	-	-	-	-	39,834	-	40,964	18,836	59,800
Other comprehensive income for the year	17	-	-	-	-	-	(939)	9,209	-	-	(1,683)	6,587	1,664	8,251
Total comprehensive income for the year		-	-	-	1,130	-	(939)	9,209	-	39,834	(1,683)	47,551	20,500	68,051
Issue of share		286,502	-	-	-	-	-	-	-	-	-	286,502	-	286,502
Consideration paid to acquire a subsidiary under common control		-	-	-	-	(286,585)	-	-	-	-	-	(286,585)	-	(286,585)
Capital injection by non-controlling interests		-	-	-	-	-	-	-	-	-	-	-	760	760
Issue of other equity instruments by a subsidiary		-	-	-	-	-	-	-	-	-	-	-	2,303	2,303
Transfer of profits to general reserve		-	-	-	-	-	-	-	5,587	(5,587)	-	-	-	-
Dividends paid to ordinary shareholders of the Company	15	-	-	-	-	-	-	-	-	(1,286	-	(1,286)	-	(1,286)
Dividends paid to non-tontrolling interests		-	-	-	-	-	-	-	-	-	-	-	(6,292)	(6,292)
Distribution to holders of perpetual capital securities		-	-	-	(1,134)	-	-	-	-	-	-	(1,134)	-	(1,134)
Transaction with non-controlling interests		-	-	-	-	(67)	-	-	-	-	-	(67)	(2,750)	(2,817)
Dilution of non-controlling interests through common control transactions		-	-	-	-	1,045	-	-	-	-	-	1,045	(1,045)	-
Prior to business combination under common control, the acquired subsidiary:
1. capital injection by the ultimate controlling shareholder		-	-	-	-	21,455	-	-	-	-	-	21,455	-	21,455
2. dividends paid to the ultimate controlling shareholder		-	-	-	-	-	-	-	-	(21,455)	-	(21,455)	-	(21,455)

Transition to no par value regime on 3 March 2014		36,562	(36,533)	(29)	-	-	-	-	-	-	-	-	-	-
Dilution of share of interest in an associate		-	-	-	-	696	-	-	-	-	-	696	-	696
Others		(326)	-	-	-	(50)	-	-	-	-	-	(376)	(867)	(1,243)
Other changes in equity		322,738	(36,533)	(29)	(1,134)	(263,506)			5,587	(28,328)		(1,205)	(1,205)	(9,096)
Balance at 31 December2014		324,198	-	-	13,834	(60,869)	92	4,885	24,836	109,387	15,597	431,960	143,547	575,507
Balance at 1 January 2013		1,460	36533	29	5,953	199,697	(473)	(39)	11,358	59,184	8,203	321,905	124,409	446,314
Changes in equity for 2013
Profit for the year		_	_	_	881	_	_	-	_	48,430	_	49,311	21,148	70,459
Other comprehensive income for the year	17	-	-	-	-	-	1,504	(4,285)	-	-	9,077	6,296	1,852	8,148
Total comprehensive income for the year		-	-	-	881	-	1,504	(4,285)	-	48,430	9,077	55,607	23,000	78,607
Issue of perpetual capital securities		-	-	-	7,800	-	-	-	-	-	-	7,800	-	7,800
Capital injection by non-controlling interests		-	-	-	-	-	-	-	-	-	-	-	1,172	1,172
Transfer of profits to general reserve		-	-	-	-	-	-	-	7,891	(7,891)	-	-	-	-
Dividends paid to ordinary shareholders of the Company		-	-	-	-	-	-	-	-	(620)	-	(620)	-	(620)
Dividends paid to non-controlling interests		-	-	-	-	-	-	-	-	-	-	-	(3,627)	(3,627)
Distribution to holders of
perpetual capital securities		-	-	-	(796)	-	-	-	-	-	-	(796)	-	(796)
Consideration paid to acquire a subsidiary
under common control		-	-	-	-	(2,374)	-	-	-	-	-	(2374)	-	(2374)
Transaction with non-controlling interests		-	-	-	-	5,167	-	-	-	(1,002)	-	4,165	(14,000)	(9,835)
Others		-	-	-	-	147	-	-	-	(220)	-	(73)	(16)	(89)
Other changes in equity					7,004	2,940			7,891	(9,733)	-	8,102	(16,471)	(8,369)
Balance at 31 December 2013		1,460	36,533	29	13,838	202,637	1,031	(4324)	19,249	97,881	17,280	385,614	130,938	516,552