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Consolidated Statement Of Changes In Equity

For the year ended 31 December 2023
(Expressed in millions of Renminbi, unless otherwise stated)
NoteShare capital
Note
47(a)
Capital reserve
Note
47(b)(i)
Hedging reserve
Note
47(b)(ii)
Investment related reserves
Note
47(b)(iii)
General reserve
Note
47(b)(iv)
Retained earnings Exchange reserve
Note
47(b)(v)
TotalNon-controlling interests Total equity
Balance at 31 December 2022 (restated)  307,576 (43,822) 2,750 (8,524) 55,773 339,518 6,838 660,109 574,568 1,234,677
Effect on accounting policy change2(b)(ii)217347564564
Balance at 1 January 2023 (restated) 307,576 (43,822) 2,750 (8,307) 55,773 339,865 6,838 660,673 574,568 1,235,241
Profit for the year 57,59457,59447,680105,274
Other comprehensive (loss)/income for the year 17 (211) 1 1,004 794 2,294 3,088
Total comprehensive income for the year  (211) 1 57,594 1,004 58,388 49,974 108,362
Transactions with non-controlling interests 54 1,456 1,456 429 1,885
Appropriation to general reserve 3,783 (3,783)
Dividends paid to ordinary shareholders of the Company 15 (17,224) (17,224) (17,224)
Dividends paid to non-controlling interests  (19,838) (19,838)
Other equity instruments issued by subsidiaries 53(d) 3,000 3,000
Other equity instruments redeemed by subsidiaries  (3,506) (3,506)
Acquisition of new subsidiaries 56 28,925 28,925
Business combination under common control 56 (101) (86) (187) (187)
Disposal of equity investments at fair value through other comprehensive income  74 (74)
Others  72 72 52 124
Other changes in equity  1,427 74 3,783 (21,167) (15,883) 9,062 (6,821)
Balance at 31 December 2023  307,576 (42,395) 2,539 (8,232) 59,556 376,292 7,842 703,178 633,604 1,336,782
NoteShare capital
Note
47(a)
Capital reserve
Note
47(b)(i)
Hedging reserve
Note
47(b)(ii)
Investment related reserves
Note
47(b)(iii)
General reserve
Note
47(b)(iv)
Retained earnings Exchange reserve
Note
47(b)(v)
TotalNon-controlling interests Total equity
Balance at 31 December 2021 (restated)  307,576 (44,010) 1,695 3,701 51,459 291,322 2,605 614,348 338,637 952,985
Business combination under common control56134 124 258 309 567
Effect on accounting policy change 2(b)(ii) (1,478) 4,122 2,644 2,644
Balance at 1 January 2022 (restated)  307,576 (43,876) 1,695 2,223 51,459 295,568 2,605 617,250 338,946 956,196
Profit for the year  64,931 64,931 40,892 105,823
Other comprehensive income/(loss) for the year 17 1,055 (10,792) 4,233 (5,504) 255 (5,249)
Total comprehensive income for the year  1,055 (10,792) 64,931 4,233 59,427 41,147 100,574
Capital injection by non-controlling interests  112 112
Appropriation to general reserve  4,314 (4,314)
Dividends paid to ordinary shareholders of the Company 15 (16,622) (16,622) (16,622)
Dividends paid to non-controlling interests  (18,930) (18,930)
Other equity instruments issued by subsidiaries 53(d) 4,657 4,657
Acquisition of new subsidiaries 56 208,586 208,586
Disposal of subsidiaries  (37) (37)
Disposal of equity investments at fair value through other comprehensive income  45 (45)
Others  54 54 87 141
Other changes in equity  54 45 4,314 (20,981) (16,568) 194,475 177,907
Balance at 31 December 2022  307,576 (43,822) 2,750 (8,524) 55,773 339,518 6,838 660,109 574,568 1,234,677

The notes form part of these consolidated financial statements.