Annual Report 2022

239 2022 Annual Report Transport International Holdings Limited NOTES TO THE FINANCIAL STATEMENTS (Expressed in Hong Kong dollars unless otherwise indicated) 36 Non-adjusting event after the reporting period Proposal of a final dividend After the end of the reporting period, the Directors proposed a final dividend for the year. Further details are disclosed in note 11(a) to the financial statements. 37 Possible impact of amendments, new standards and interpretations issued but not yet effective for the year ended 31 December 2022 Up to the date of issue of these financial statements, the HKICPA has issued a number of new or amended standards, which are not yet effective for the year ended 31 December 2022 and which have not been adopted in these financial statements. These developments include the following which may be relevant to the Group. Effective for accounting periods beginning on or after HKFRS 17, Insurance contracts 1 January 2023 Amendments to HKAS 1, Presentation of financial statements: Classification of liabilities as current or non-current 1 January 2023 Amendments to HKAS 1, Presentation of financial statements and HKFRS Practice Statement 2, Making materiality judgements: Disclosure of accounting policies 1 January 2023 Amendments to HKAS 8, Accounting policies, changes in accounting estimates and errors: Definition of accounting estimates 1 January 2023 Amendments to HKAS 12, Income taxes : Deferred tax related to assets and liabilities arising from a single transaction 1 January 2023 The Group is in the process of making an assessment of what the impact of these developments is expected to be in the period of initial application. So far it has concluded that the adoption of them is unlikely to have a significant impact on the consolidated financial statements.