CITIC Limited Half-Year Report 2019

129 CITIC Limited Half-Year Report 2019 For the six months ended 30 June 2019 32 Disposal of subsidiaries Six months ended 30 June 2019 2018 HK$ million HK$ million Total assets 3,865 13,628 Total liabilities (101) (11,471) Non-controlling interests – (816) Net assets disposed 3,764 1,341 Total consideration 2,617 2,091 Remeasurement at fair value of retained interest in former subsidiaries 1,218 61 Gains on disposal/deemed disposal of subsidiaries 71 811 Net cash inflow is determined as follows: Cash proceeds received – Proceeds from the above disposal of subsidiaries 46 2,042 Less: cash and cash equivalents disposed (24) (233) 22 1,809 Notes to the Consolidated Financial Statements