Annual Report 2023

261 2023 Annual Report Transport International Holdings Limited NOTES TO THE FINANCIAL STATEMENTS (Expressed in Hong Kong dollars unless otherwise indicated) 31 Capital and reserves (continued) (a) Movements in components of equity (continued) Share capital Share premium Capital reserve Contributed surplus Retained profits Total equity Note $’000 $’000 $’000 $’000 $’000 $’000 Balance at 1 January 2023 474,940 1,318,669 5,676 1,300,000 1,000,337 4,099,622 Changes in equity for 2023: Shares issued in respect of scrip dividend – 2022 final dividend 31(b) 11,975 106,692 – – – 118,667 Shares issued in respect of scrip dividend – 2023 interim dividend 31(b) 7,428 66,932 – – – 74,360 Forfeiture of share options – – (255) – 255 – Equity-settled share-based transaction 5(a) – – 6,248 – – 6,248 Dividends approved in respect of the previous year 11(b) – – – – (237,470) (237,470) Dividends declared in respect of the current year 11(a) – – – – (146,074) (146,074) Profit and total comprehensive income for the year – – – – 383,001 383,001 Balance at 31 December 2023 494,343 1,492,293 11,669 1,300,000 1,000,049 4,298,354 The Company’s reserves available for distribution to shareholders at 31 December 2023 amounted to $2,300,049,000 (2022: $2,300,337,000). After the end of the reporting period, the Directors proposed a final dividend of $0.50 (2022: $0.50) per share, amounting to $247,172,000 (2022: $237,470,000). The final dividend proposed has not been recognised as a liability at the end of the reporting period. (b) Share capital Authorised and issued share capital 2023 2022 No. of shares $’000 No. of shares $’000 Authorised: Ordinary shares of $1 each 600,000,000 600,000 600,000,000 600,000 Ordinary shares of $1 each, issued and fully paid: At 1 January 474,940,075 474,940 465,469,414 465,469 Share issued in respect of scrip dividend – 2021 final dividend – – 9,470,661 9,471 Share issued in respect of scrip dividend – 2022 final dividend 11,974,451 11,975 – – Share issued in respect of scrip dividend – 2023 interim dividend 7,428,592 7,428 – – At 31 December 494,343,118 494,343 474,940,075 474,940 The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at general meetings of the Company. All ordinary shares rank equally with regard to the Company’s residual assets.