Annual Report 2021

222 Transport International Holdings Limited 2021 Annual Report NOTES TO THE FINANCIAL STATEMENTS (Expressed in Hong Kong dollars unless otherwise indicated) 30 Capital and reserves (continued) (a) Movements in components of equity (continued) Share capital Share premium Capital reserve Contributed surplus Retained profits Total equity Note $’000 $’000 $’000 $’000 $’000 $’000 Balance at 1 January 2021 457,821 1,100,490 3,308 1,300,000 1,004,043 3,865,662 Changes in equity for 2021 Shares issued in respect of scrip dividend – 2020 final dividend 30(b) 7,648 111,824 – – – 119,472 Forfeiture of share options – – (681) – – (681) Lapse of share options – – (2,707) – 2,707 – Equity-settled share-based transaction – – 4,789 – – 4,789 Dividends approved in respect of the previous year 11(b) – – – – (228,910) (228,910) Profit and total comprehensive income for the year – – – – 225,002 225,002 Balance at 31 December 2021 465,469 1,212,314 4,709 1,300,000 1,002,842 3,985,334 The Company’s reserves available for distribution to shareholders at 31 December 2021 amounted to $2,302,842,000 (2020: $2,304,043,000). After the end of the reporting period, the Directors proposed a final dividend of $0.50 (2020: $0.50) per share, amounting to $232,735,000 (2020: $228,910,000). The final dividend proposed has not been recognised as a liability at the end of the reporting period. (b) Share capital Authorised and issued share capital 2021 2020 No. of shares $’000 No. of shares $’000 Authorised: Ordinary shares of $1 each 600,000,000 600,000 600,000,000 600,000 Ordinary shares of $1 each, issued and fully paid: At 1 January 457,820,696 457,821 446,941,011 446,941 Share issued in respect of scrip dividend – 2019 final dividend – – 10,879,685 10,880 Share issued in respect of scrip dividend – 2020 final dividend 7,648,718 7,648 – – At 31 December 465,469,414 465,469 457,820,696 457,821 The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at general meetings of the Company. All ordinary shares rank equally with regard to the Company’s residual assets.