Annual Report 2021

95 2021 Annual Report Transport International Holdings Limited Current Assets and Current Liabilities The Group’s total current assets as at 31 December 2021 amounted to HK$2,720.0 million (2020: HK$3,316.3 million), mainly comprising liquid funds of HK$1,237.5 million (2020: HK$2,293.7 million) and accounts receivable of HK$605.1 million (2020: HK$660.5 million). The Group’s liquid funds as at 31 December 2021 were mainly denominated in Hong Kong dollars. Total current liabilities as at 31 December 2021 amounted to HK$2,759.5 million (2020: HK$3,087.0 million), which mainly included accounts payable and accruals, and the current portion of bank loans. Bank Loans As at 31 December 2021, bank loans, all unsecured, amounted to HK$3,132.5 million (2020: HK$3,082.5 million). The maturity profile of the bank loans of the Group as at 31 December 2021 and 31 December 2020 is shown in the chart below: Debt Maturity Profile at 31 December 2020 2021 2021 HK$994million (32%) HK$1,174million (37%) HK$965million (31%) 2020 HK$1,399million(45%) HK$1,087million(35%) HK$597million(20%) Within 1 year Between 1 and 2 years Between 2 and 5 years As at 31 December 2021, the Group had undrawn committed banking facilities totalling HK$1,555.0 million (2020: HK$2,110.0 million). Capital Commitments The Group’s capital commitments as at 31 December 2021 amounted to HK$1,605.2 million (2020: HK$2,579.1 million). These commitments were mainly in respect of the development of the Kwun Tong Site and the purchase of buses and other motor vehicles, which are to be financed by bank borrowings and from the Group’s internal resources. A summary of the capital commitments is set out below: HK$ million 2021 2020 Development of the Kwun Tong Site 950.9 1,752.8 Purchase of buses and other motor vehicles 552.3 680.3 Purchase of other properties, plant and equipment 102.0 146.0 Total 1,605.2 2,579.1 As at 31 December 2021, the Group had 200 (2020: 427) new buses on order for delivery in 2022.