Annual Report 2021

224 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) (d) Capital management (continued) The Group’s adjusted net debt-to-capital ratio at 31 December 2021 and 2020 was as follows: 2021 2020 Note $’000 $’000 Current liabilities: Bank loans 24 994,032 1,398,257 Lease liabilities 27 3,513 3,615 Non-current liabilities: Bank loans 24 2,138,517 1,684,266 Lease liabilities 27 3,306 1,865 Total debt 3,139,368 3,088,003 Less: Bank deposits and cash 23(a) (825,787) (1,943,400) Restricted bank deposits 23(a) (411,749) (350,365) Adjusted net debt 1,901,832 794,238 Capital 13,678,728 13,186,312 Adjusted net debt-to-capital ratio 13.9% 6.0% Neither the Company nor any of its subsidiaries are subject to externally imposed capital requirements. 31 Commitments (i) At 31 December 2021, the Group had the following capital commitments in relation to the purchase of other property, plant and equipment not provided for in the financial statements: 2021 2020 $’000 $’000 Contracted for 654,363 826,253 (ii) At 31 December 2021, the Group’s share of capital commitments of the joint operation in respect of investment property under development not provided for in the financial statements is as follows: 2021 2020 $’000 $’000 Contracted for 950,954 1,752,768