$" MATERIAL#ACCOUNTING#POLICY#INFORMATION#(CONT’D") +*+, Segment!reporting For! management! purposes&! the! Group! is! organised! into! operating! segments! based! on! their! products! and! services! which! are! independently!managed!by!the!respective!segment!managers!responsible!for!the!performance!of!the!respective!segments!under! their!charge'!The!segment!managers!report!directly!to!the!management!of!the!Company!who!regularly!review!the!segment!results! in!order!to!allocate!resources!to!the!segments!and!to!assess!the!segment!performance'!Additional!disclosures!on!each!of!these! segments!are!disclosed!in!Note!1"&!including!the!factors!used!to!identify!the!reportable!segments!and!the!measurement!basis!of! segment!information'!! +*$" Contingencies A!contingent!liability!or!asset!is!a!possible!obligation!or!asset!that!arises!from!past!events!and!whose!existence!will!be!confirmed! only!by!the!occurrence!or!non-occurrence!of!uncertain!future!event(s)!not!wholly!within!the!control!of!the!Group' Contingent!liabilities!and!assets!are!not!recognised!in!the!statements!of!financial!position!of!the!Group'! +*$# Fair!value!measurement The! Group! and! the! Company! measure! financial! instruments! such! as! derivatives! and! non-financial! assets! such! as! investment! properties&!at!fair!value!at!each!reporting!date'!The!fair!values!of!financial!instruments!measured!at!amortised!cost!are!disclosed!in! Note!+,' The!Group’s!management!determines!the!policies!and!procedures!for!both!recurring!and!non-recurring!fair!value!measurement' External!valuers!are!involved!for!valuation!of!significant!assets&!such!as!investment!properties'!Involvement!of!external!valuers! is! decided! upon! annually! by! the! management'! Selection! criteria! of! external! valuers! include! market! knowledge&! reputation&! independence!and!whether!professional!standards!are!maintained'!The!management!decides&!after!discussions!with!the!Group’s! external!valuers&!which!valuation!techniques!and!inputs!to!use!for!each!case' At!each!reporting!date&!the!management!analyses!the!movement!in!the!values!of!assets!and!liabilities!which!are!required!to!be!remeasured!or!re-assessed!as!per!the!Group’s!accounting!policies'!For!this!analysis&!the!management!verifies!the!major!inputs!applied! in!the!latest!valuation!by!agreeing!the!information!in!the!valuation!computation!to!contracts!and!other!relevant!documents' For!the!purpose!of!fair!value!disclosures&!the!Group!has!determined!classes!of!assets!and!liabilities!on!the!basis!of!the!nature&! characteristics!and!risks!of!the!asset!or!liability!and!the!level!of!the!fair!value!hierarchy' +*$+ Earnings!per!share The!Group!presents!basic!and!diluted!earnings!per!share!(“EPS”)!data!for!its!ordinary!shares'!Basic!EPS!for!the!financial!year! is!calculated!by!dividing!profit!or!loss!attributable!to!owners!of!the!parent!by!the!weighted!average!number!of!ordinary!shares! outstanding!during!the!financial!year'!Diluted!EPS!for!the!financial!year!is!calculated!by!adjusting!profit!or!loss!attributable!to! owners!of!the!parent!by!the!weighted!average!number!of!ordinary!shares!and!ICPS!outstanding!for!the!e(ects!of!all!dilutive! potential!ordinary!shares' NOTES TO THE FINANCIAL STATEMENTS FOR!THE!FINANCIAL!YEAR!ENDED!'$!DECEMBER!"%"' 208 ANNUAL REPORT 2023
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