CONSOLIDATED STATEMENT

OF CHANGES IN EQUITY

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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

For the year ended 31 December 2023
(All amounts in RMB millions)

Attributable to equity shareholders of the Company

Note

Share
capital

General
risk
reserve

Investment
revaluation
reserve

Statutory
reserves

Other
reserves

Retained
profits

Total

Non-
controlling
interests

Total
equity

Balance at 1 January 2022

254,056

987

(9,302)

32,815

(41,728)

95,509

332,337

1,096

333,433

Total comprehensive income for the year

—

—

(162)

—

357

16,745

16,940

87

17,027

Contribution from non-controlling interests

—

—

—

—

235

—

235

739

974

Share of associate’s other reserves

—

—

—

—

38

—

38

—

38

Appropriation to statutory reserves

—

—

—

1,471

—

(1,471)

—

—

—

Dividends relating to 2021 final

32

—

—

—

—

—

(2,937)

(2,937)

—

(2,937)

Dividends relating to 2022 interim

32

—

—

—

—

—

(5,049)

(5,049)

—

(5,049)

Capital contribution relating to
share-based payment borne by
A Share Company (as defined in Note 1)

44

—

—

—

—

55

—

55

—

55

Others

—

—

—

—

—

—

—

(5)

(5)

Balance at 31 December 2022

254,056

987

(9,464)

34,286

(41,043)

102,797

341,619

1,917

343,536

Total comprehensive income for the year

—

—

187

—

125

18,726

19,038

203

19,241

Contribution from non-controlling interests

—

—

—

—

44

—

44

342

386

Appropriation to statutory reserves

—

—

—

1,647

—

(1,647)

—

—

—

Dividends relating to 2022 final

32

—

—

—

—

—

(3,335)

(3,335)

—

(3,335)

Dividends relating to 2023 interim

32

—

—

—

—

—

(6,211)

(6,211)

—

(6,211)

Capital contribution relating to
share-based payment borne by
A Share Company

44

—

—

—

—

282

—

282

—

282

Others

—

—

—

—

37

—

37

(38)

(1)

Balance at 31 December 2023

254,056

987

(9,277)

35,933

(40,555)

110,330

351,474

2,424

353,898

The notes on pages 102 to 201 are an integral part of these consolidated financial statements.