Annual Report 2023

227 2023 Annual Report Transport International Holdings Limited NOTES TO THE FINANCIAL STATEMENTS (Expressed in Hong Kong dollars unless otherwise indicated) 8 Individuals with highest emoluments Of the five individuals with the highest emoluments, one (2022: one) is a Director whose emolument is disclosed in note 7. The aggregate of the emoluments in respect of the five individuals with the highest emoluments (including the Director) are as follows: 2023 2022 $’000 $’000 Fees 390 390 Salaries, allowances and benefits in kind 17,536 16,016 Discretionary bonuses 2,557 1,499 Equity-settled share-based payment expenses 882 350 Retirement scheme contributions 1,113 764 22,478 19,019 The emoluments of the five individuals with the highest emoluments are within the following bands: Number of individuals 2023 2022 $2,000,001 - $2,500,000 – 2 $2,500,001 - $3,000,000 2 1 $3,000,001 - $3,500,000 1 1 $4,000,001 - $4,500,000 1 – $7,500,001 - $8,000,000 – 1 $9,500,001 - $10,000,000 1 – 9 Other comprehensive income 2023 2022 $’000 $’000 Investments in financial assets measured at FVOCI (recycling): Change in fair value recognised during the year (188,355) (259,844) Reclassification adjustments for amounts transferred to profit or loss: – net loss/(gain) on derecognition of investments in financial assets measured at FVOCI (recycling) (note 4) 7 (1,161) – expected credit loss on investments in financial assets measured at FVOCI (recycling) (note 33(a)) 260,000 92,000 Net movement in the fair value reserve (recycling) during the year recognised in other comprehensive income 71,652 (169,005)