Consolidated Balance Sheet

As at 31 December 2022

		As at 31 December
	Note	2022 HK$ million	2021 HK$ million
Assets
Cash and deposits	19	757,865	720,235
Cash held on behalf of customers	20	275,083	–
Placements with banks and non-bank financial institutions	21	243,324	173,754
Derivative financial instruments	21	90,529	27,958
Trade and other receivables	23	236,516	172,837
Contract assets	24	21,837	13,407
Inventories	25	122,079	113,403
Financial assets held under resale agreements	26	51,175	112,227
Loans and advances to customers and other parties	27	5,645,252	5,809,296
Margin accounts	28	119,758	–
Investments in financial assets	29
– Financial assets at amortised cost		1,258,965	1,435,823
– Financial assets at fair value through profit or loss		1,271,604	667,206
– Debt investments at fair value through other comprehensive income		977,719	793,188
– Equity investments at fair value through other comprehensive income		10,464	10,645
Refundable deposits	30	77,421	–
Interests in associates	32	116,856	154,181
Interests in joint ventures	33	66,158	60,599
Fixed assets	34	178,897	177,306
Investment properties	34	39,638	40,006
Right-of-use assets	35	46,145	38,503
Intangible assets	36	18,716	18,404
Goodwill	37	28,684	21,590
Deferred tax assets	38	99,430	82,619
Other assets		40,084	42,334
Total assets		11,794,199	10,685,521

		As at 31 December
	Note	2022 HK$ million	2021 HK$ million
Liabilities
Borrowing from central banks		133,690	231,479
Deposits from banks and non-bank financial institutions	39	1,234,900	1,422,328
Placements from banks and non-bank financial institutions	40	121,728	107,799
Financial liabilities at fair value through profit or loss	41	106,177	5,685
Customer brokerage deposits	42	312,337	–
Funds payable to securities issuers		17,076	–
Derivative financial instruments	22	81,043	30,043
Trade and other payables	43	423,468	184,939
Contract liabilities	24	33,132	33,488
Financial assets sold under repurchase agreements	44	526,691	122,452
Deposits from customers	45	5,766,198	5,852,701
Employee benefits payables		61,502	38,548
Income tax payable	38	17,606	16,184
Bank and other loans	46	172,528	145,362
Debt instruments issued	47	1,323,385	1,250,325
Lease liabilities	35	21,861	20,762
Provisions	48	19,490	24,903
Deferred tax liabilities	38	20,322	14,480
Other liabilities		20,997	18,453
Total liabilities		10,414,131	9,519,931
Equity	49
Share capital		381,710	381,710
Reserves		355,541	369,697
Total ordinary shareholders’ funds		737,251	751,407

Non-controlling interests		642,817	414,183
Total equity		1,380,068	1,165,590
Total liabilities and equity		11,794,199	10,685,521

Approved and authorised for issue by the board of directors on 31 March 2023.

Director: Zhu Hexin Director: Xi Guohua

The notes form part of these consolidated financial statements.