Annual Report 2023

273 2023 Annual Report Transport International Holdings Limited NOTES TO THE FINANCIAL STATEMENTS (Expressed in Hong Kong dollars unless otherwise indicated) 36 Company-level statement of financial position 2023 2022 Note $’000 $’000 Non-current assets Investments in subsidiaries 1,206,484 1,200,237 Property, plant and equipment 21 26 Deferred tax assets 535 535 1,207,040 1,200,798 Current assets Deposits and prepayments 1,374 1,574 Amounts due from subsidiaries 11,078,074 10,777,001 Bank deposits and cash 2,475 15,203 11,081,923 10,793,778 Current liabilities Accounts payable and accruals 16,412 24,966 Amounts due to subsidiaries 7,974,197 7,869,988 7,990,609 7,894,954 Net current assets 3,091,314 2,898,824 NET ASSETS 4,298,354 4,099,622 CAPITAL AND RESERVES 31(a) Share capital 494,343 474,940 Reserves 3,804,011 3,624,682 TOTAL EQUITY 4,298,354 4,099,622 Approved and authorised for issue by the Board of Directors on 21 March 2024 Norman LEUNG Nai Pang Chairman Roger LEE Chak Cheong Managing Director