Annual Report 2024

115 2024 Annual Report Transport International Holdings Limited Current Assets and Current Liabilities The Group’s total current assets as at 31 December 2024 amounted to HK$3,188.5 million (2023: HK$3,299.2 million), mainly comprising liquid funds of HK$1,930.0 million (2023: HK$1,655.3 million) and accounts receivable of HK$998.5 million (2023: HK$1,025.1 million). The Group’s liquid funds as at 31 December 2024 were mainly denominated in Hong Kong dollars. Total current liabilities as at 31 December 2024 amounted to HK$2,518.5 million (2023: HK$3,169.0 million), which mainly included accounts payable and accruals, and the current portion of bank loans. Bank Loans As at 31 December 2024, bank loans, all unsecured, amounted to HK$4,210.9 million (2023: HK$4,639.6 million). The maturity profile of the bank loans of the Group as at 31 December 2024 and 31 December 2023 is shown in the chart below: Debt Maturity Profile at 31 December 2024 2023 2024 HK$843million (20%) HK$2,071million (49%) HK$1,297million (31%) 2023 HK$1,262million (27%) HK$13million (0%) HK$3,365million (73%) Within 1 year Between 1 and 2 years Between 2 and 5 years As at 31 December 2024, the Group had undrawn banking facilities totalling HK$2,870.0 million (2023: HK$2,450.0 million). Capital Commitments The Group’s capital commitments as at 31 December 2024 amounted to HK$171.8 million (2023: HK$343.2 million). These commitments were mainly in respect of the development of The Millennity and the purchase of major motor vehicle components, which are to be financed by bank borrowings and from the Group’s internal resources. A summary of the capital commitments is set out below: 2024 2023 HK$ million HK$ million Development of The Millennity 32.3 37.6 Purchase of buses and other motor vehicles 5.9 183.9 Purchase of other properties, plant and equipment 133.6 121.7 Total 171.8 343.2 As at 31 December 2024, the Group did not have new buses on order for delivery in 2025 (2023: 77 new buses on order for delivery in 2024).