Annual Report 2023

274 2023 Annual Report Transport International Holdings Limited NOTES TO THE FINANCIAL STATEMENTS (Expressed in Hong Kong dollars unless otherwise indicated) 37 Non-adjusting event after the reporting period Proposal of a final dividend After the end of the reporting period, the Directors proposed a final dividend for the year. Further details are disclosed in note 11(a) to the financial statements. 38 Possible impact of amendments, new standards and interpretations issued but not yet effective for the year ended 31 December 2023 Up to the date of issue of these financial statements, the HKICPA has issued a number of new or amended standards, which are not yet effective for the year ended 31 December 2023 and which have not been adopted in these financial statements. These developments include the following which may be relevant to the Group. Effective for accounting periods beginning on or after Amendments to HKAS 1, Presentation of financial statements: Classification of liabilities as current or non-current (“2020 amendments”) 1 January 2024 Amendments to HKAS 1, Presentation of financial statements: Non-current liabilities with covenants (“2022 amendments”) 1 January 2024 Amendments to HKFRS 16, Leases: Lease liability in a sale and leaseback 1 January 2024 Amendments to HKAS 7, Statement of cash flows and HKFRS 7, Financial Instruments: Disclosures: Supplier finance arrangements 1 January 2024 Amendments to HKAS 21, The effects of changes in foreign exchange rates: Lack of exchangeability 1 January 2025 The Group is in the process of making an assessment of what the impact of these developments is expected to be in the period of initial application. So far it has concluded that the adoption of them is unlikely to have a significant impact on the consolidated financial statements.