# Build the entry for $m
c  <0> padsv[$m:1252,1255] vM/LVINTRO
d  <;> nextstate(main 1253 t.pl:14) v:*,&,{,x*,x&,x$,$

# Start building %hash
e  <0> pushmark s

# First the constant "b"
f  <$> const[PV "b"] s

# Set the value of $m to $tests{b} if it exists
g  <+> multideref($tests{"b"}) sK/EXISTS
h  <|> and(other->i) sK/1
i      <+> multideref($tests{"b"}) sK
j      <0> padsv[$m:1252,1255] sRM*
k      <2> sassign sKS/2

# Now add either $m to the list (if it's defined) or 0 (if not)
l      <1> defined sK/1
m  <|> cond_expr(other->n) lK/1
n      <0> padsv[$m:1252,1255] s  # add $m to the list
           goto o
20 <$> const[IV 0] s              # or add 0 to the list

# Change the value of $m to $tests{a} if it exists
o  <$> const[PV "a"] s
p  <+> multideref($tests{"a"}) sK/EXISTS
q  <|> and(other->r) sK/1
r      <+> multideref($tests{"a"}) sK
s      <0> padsv[$m:1252,1255] sRM*
t      <2> sassign sKS/2

# If $m is defined, add it to the list, otherwise add 0 to the list
u      <1> defined sK/1
v  <|> cond_expr(other->w) lK/1
w      <0> padsv[$m:1252,1255] s
           goto x
1z <$> const[IV 0] s

# Finish building the hash
x  <0> pushmark s
y  <0> padhv[%hash:1253,1255] lRM*/LVINTRO
z  <2> aassign[t5] vKS/COM_AGG

##</code><code>##

$ cat t.pl
use strict;
use warnings;

use Data::Dumper;

my %tests = (
    'a' => 10,
    'b' => 20,
    'd' => 40,
);
my ($m, $n);
# this seems to assign $m once and never bother to check again
my %hash = (
    'd' => exists($tests{'d'}) && defined($n=$tests{'d'}) ? $n : 0,
    'b' => exists($tests{'b'}) && defined($m=$tests{'b'}) ? $m : 0,
    'c' => exists($tests{'c'}) && defined($m=$tests{'c'}) ? $m : 0,
    'a' => exists($tests{'a'}) && defined($m=$tests{'a'}) ? $m : 0,
);
print Dumper(\%hash);

$ perl t.pl
$VAR1 = {
          'c' => 0,
          'b' => 10,
          'd' => 40,
          'a' => 10
        };