Annual Report 2023

263 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) (d) Capital management (continued) The Group’s adjusted net debt-to-capital ratio at 31 December 2023 and 2022 was as follows: 2023 2022 Note $’000 $’000 (restated) Current liabilities: Bank loans 25 1,262,075 1,674,567 Lease liabilities 28 3,589 4,082 Non-current liabilities: Bank loans 25 3,377,539 3,292,961 Lease liabilities 28 1,954 3,231 Total debt 4,645,157 4,974,841 Less: Bank deposits and cash 24(a) (1,207,743) (1,799,592) Restricted bank deposits 24(a) (447,551) (442,891) Adjusted net debt 2,989,863 2,732,358 Capital 16,405,587 16,087,046 Adjusted net debt-to-capital ratio 18.2% 17.0% Neither the Company nor any of its subsidiaries are subject to externally imposed capital requirements. 32 Commitments (i) At 31 December 2023, the Group had the following capital commitments in relation to the purchase of other property, plant and equipment not provided for in the financial statements: 2023 2022 $’000 $’000 Contracted for 305,639 345,704 (ii) At 31 December 2023, the Group’s share of capital commitments of the joint operation in respect of investment property under development not provided for in the financial statements is as follows: 2023 2022 $’000 $’000 Contracted for 37,585 380,010