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HALF-YEAR REPORT 2016
Notes to the Consolidated Financial Statements
For the six months ended 30 June 2016
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36 Major Transactions with non-controlling interests
Acquisition of additional interests in indirectly held subsidiaries
In January 2016, CITIC Corporation acquired an additional 11.63% interests in CITIC Real Estate for an
aggregate purchase consideration of RMB3,028 million (approximately HK$3,601 million). The Group
recognised a decrease in non-controlling interests of HK$1,589 million, and a decrease in equity
attributable to shareholders of the Company of HK$2,012 million.
For the six months period ended 30 June 2016, the Company through its subsidiary(ies) increased its
shareholding in CITIC Bank by acquiring approximately 1.00% equity interests, for an aggregate purchase
consideration of HK$2,229 million. The Group recognised a decrease in non-controlling interests of
HK$3,874 million, and an increase in equity attributable to shareholders of the Company of HK$1,645
million.
The effect of changes in the ownership interest of CITIC Real Estate and CITIC Bank on the equity
attributable to shareholders of the Company during the period is summarised as follows:
30 June 2016
HK$ million
Carrying amount of non-controlling interests acquired
5,463
Consideration paid to non-controlling interests
(5,830)
Excess of consideration paid recognised within equity
(367)
37 Post balance sheet events
There have been no events subsequent to the period end which require further adjustments or disclosures
therein.