CITIC Limited Half-Year Report 2020

126 CITIC Limited Half-Year Report 2020 For the six months ended 30 June 2020 Notes to the Consolidated Financial Statements 32 Disposal of subsidiaries Six months ended 30 June 2020 2019 HK$ million HK$ million Total assets 30,407 3,865 Total liabilities (23,547) (101) Non-controlling interests (4,787) – Net assets disposed 2,073 3,764 Total consideration 3,029 2,617 Release of other comprehensive loss relating to interests in disposed subsidiaries (124) – Remeasurement at fair value of retained interest in former subsidiaries 1,835 1,218 Gains on disposal of subsidiaries 2,667 71 Net cash inflow is determined as follows: Cash proceeds received – Proceeds from the above disposal of subsidiaries 3,029 46 – Collection of receivables from previous disposal of subsidiaries 3,116 – Less: cash and cash equivalents disposed (1,451) (24) 4,694 22