Annual Report 2024

191 2024 Annual Report Transport International Holdings Limited CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the year ended 31 December 2024 (Expressed in Hong Kong dollars) 2024 2023 Note $’000 $’000 Profit for the year 187,282 401,663 Other comprehensive income for the year (after tax and reclassification adjustments): Items that will not be reclassified to profit or loss: Remeasurements of employee benefit assets, net of tax expense of $22,037,000 (2023: tax expense of $8,282,000) 111,521 41,911 Remeasurement of provision for long service payments, net of tax credit of $2,093,000 (2023: tax credit of $2,525,000) (10,591) (12,776) Equity investment at fair value through other comprehensive income (“FVOCI”): net movement in fair value reserve (non-recycling), net of nil tax (35,594) 16,482 Items that may be reclassified subsequently to profit or loss: Exchange differences on translation of financial statements of entities outside Hong Kong, net of nil tax (19,936) (16,669) Investments in financial assets measured at FVOCI (recycling): net movement in fair value reserve (recycling), net of nil tax 9 200,546 71,652 Share of other comprehensive income of an associate, net of nil tax (16,644) 546 Other comprehensive income for the year 229,302 101,146 Total comprehensive income for the year 416,584 502,809 The notes on pages 198 to 266 form part of these consolidated financial statements.