Annual Report 2023

254 2023 Annual Report Transport International Holdings Limited NOTES TO THE FINANCIAL STATEMENTS (Expressed in Hong Kong dollars unless otherwise indicated) 24 Bank deposits and cash (continued) (d) Reconciliation of liabilities arising from financing activities: The table below details changes in the Group’s liabilities from financing activities, including both cash and non-cash changes. Liabilities arising from financing activities are liabilities for which cash flows were, or future cash flows will be, classified in the Group’s consolidated cash flow statement as cash flows from financing activities. Bank loans Lease liabilities Total $’000 $’000 $’000 (Note 25) (Note 28) At 1 January 2023 4,967,528 7,313 4,974,841 Changes from financing cash flows: Proceeds from new bank loans 6,185,000 – 6,185,000 Repayment of bank loans (6,515,000) – (6,515,000) Capital element of lease rentals paid – (2,584) (2,584) Interest element of lease rentals paid – (290) (290) Total changes from financing cash flows (330,000) (2,874) (332,874) Other changes: Increase in lease liabilities from entering into new leases during the year – 2,857 2,857 Interest expenses (note 5(b)) – 290 290 Lease modification – (2,043) (2,043) Amortisation of bank loans arrangement fee 2,086 – 2,086 Total other changes 2,086 1,104 3,190 At 31 December 2023 4,639,614 5,543 4,645,157 Bank loans Lease liabilities Total $’000 $’000 $’000 (Note 25) (Note 28) At 1 January 2022 3,132,549 6,819 3,139,368 Changes from financing cash flows: Proceeds from new bank loans 5,355,000 – 5,355,000 Repayment of bank loans (3,520,000) – (3,520,000) Capital element of lease rentals paid – (3,620) (3,620) Interest element of lease rentals paid – (92) (92) Total changes from financing cash flows 1,835,000 (3,712) 1,831,288 Other changes: Increase in lease liabilities from entering into new leases during the year – 5,290 5,290 Interest expenses (note 5(b)) – 92 92 COVID-19-related rent concessions received (note 13(b)) – (1,176) (1,176) Amortisation of bank loans arrangement fee (21) – (21) Total other changes (21) 4,206 4,185 At 31 December 2022 4,967,528 7,313 4,974,841