Annual Report 2023

243 2023 Annual Report Transport International Holdings Limited NOTES TO THE FINANCIAL STATEMENTS (Expressed in Hong Kong dollars unless otherwise indicated) 18 Interest in associates (continued) Summarised financial information of the material associate, adjusted for any differences in accounting policies, and reconciled to the carrying amounts in the consolidated financial statements, are disclosed below: Shenzhen Bus Group Company Limited 2023 2022 $’000 $’000 Gross amounts of the associate Current assets 4,556,169 4,547,801 Non-current assets 5,780,034 5,667,120 Current liabilities 4,078,671 3,599,541 Non-current liabilities 4,862,066 5,260,599 Total equity 1,395,466 1,354,781 Non-controlling interest (4,340) (6,501) Revenue 1,730,770 1,718,171 Profit for the year 88,648 21,308 Other comprehensive income 1,560 1,234 Total comprehensive income 90,208 22,542 Dividend received from the associate 3,390 17,356 Reconciled to the Group’s interest in the associate Gross amounts of net assets of the associate attributable to equity shareholders 1,391,126 1,348,280 Group’s effective interest 35% 35% Group’s share of net assets of the associate 486,894 471,898 Goodwill 59,339 61,006 Carrying amount in the consolidated financial statements 546,233 532,904 Aggregate information of associates that are not individually material: 2023 2022 $’000 $’000 Aggregate carrying amount of individually immaterial associates in the consolidated financial statements 62,914 66,892 Aggregate amounts of the Group’s share of those associates Profit/(loss) for the year, net 111 (14,367) Total comprehensive income 111 (14,367)