Investor Presentaiton
HKAS 1.51(a)
HKAS 1.49
HK Listco Ltd
Financial statements for the year ended 31 December 2023
HKFRS 13.93(e), (f)
The movements during the period in the balance of these Level 3 fair value measurements are as follows: 173
HKAS 16.77(e)
Investment properties - Residential - Chinese Mainland:
At 1 January
Fair value adjustment
At 31 December
2023
2022
$'000
$'000
26,500
24,310
5,500
2,190
32,000
26,500
Fair value adjustment of investment properties is recognised in the line item "net valuation gain on
investment property" on the face of the consolidated statement of profit or loss.
All the gains recognised in profit or loss for the year arise from the properties held at the end of the reporting
period.
2023
2022
$'000
$'000
Properties held for own use - Freehold land and buildings - South East Asia
At 1 January
30,059
28,013
Additions
505
1,080
Exchange adjustment
(1,171)
236
Depreciation charge for the year
(1,020)
(745)
Surplus on revaluation
5,627
1,475
At 31 December
34,000
30,059
Surplus on revaluation and exchange adjustment of properties held for own use are recognised in other
comprehensive income in "property revaluation reserve" and "exchange reserve", respectively.
(iv) Depreciated cost of properties held for own use carried at fair value
Had the revalued properties held for own use been carried at cost less accumulated depreciation, the
carrying amounts would have been:
Freehold land and buildings
Leasehold land and buildings
2023
2022
$'000
$'000
22,150
24,260
58,390
80,540
47,907
72,167
107
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