Annual Report 2023

193 2023 Annual Report Transport International Holdings Limited CONSOLIDATED STATEMENT OF FINANCIAL POSITION At 31 December 2023 (Expressed in Hong Kong dollars) At 31 December At 31 December At 1 January 2023 2022 2022 Note $’000 $’000 $’000 (restated) (restated) Non-current liabilities Bank loans 25 3,377,539 3,292,961 2,138,517 Lease liabilities 28 1,954 3,231 3,306 Deferred tax liabilities 29(b) 1,010,093 999,092 1,182,099 Contingency provision – insurance 27 142,455 148,453 177,590 Provision for long service payments 30 80,492 61,821 919 4,612,533 4,505,558 3,502,431 NET ASSETS 16,405,587 16,087,047 15,982,447 CAPITAL AND RESERVES Share capital 31(b) 494,343 474,940 465,469 Reserves 15,911,244 15,612,107 15,516,978 TOTAL EQUITY 16,405,587 16,087,047 15,982,447 Approved and authorised for issue by the Board of Directors on 21 March 2024 Norman LEUNG Nai Pang Chairman Roger LEE Chak Cheong Managing Director The notes on pages 198 to 274 form part of these financial statements.