Annual Report 2024

222 2024 Annual Report Transport International Holdings Limited NOTES TO THE FINANCIAL STATEMENTS (Expressed in Hong Kong dollars unless otherwise indicated) 8 Individuals with highest emoluments Of the five individuals with the highest emoluments, two (2023: one) are Directors whose emoluments are disclosed in note 7. The aggregate of the emoluments in respect of the five individuals with the highest emoluments (including the Directors) are as follows: 2024 2023 $’000 $’000 Fees 2,782 390 Salaries, allowances and benefits in kind 15,569 17,536 Discretionary bonuses 2,046 2,557 Equity-settled share-based payment expenses 882 882 Retirement scheme contributions 754 1,113 22,033 22,478 The emoluments of the five individuals with the highest emoluments are within the following bands: Number of individuals 2024 2023 $2,000,001 - $2,500,000 3 – $2,500,001 - $3,000,000 – 2 $3,000,001 - $3,500,000 1 1 $4,000,001 - $4,500,000 – 1 $9,500,001 - $10,000,000 – 1 $11,500,001 - $12,000,000 1 – 9 Other comprehensive income 2024 2023 $’000 $’000 Financial assets measured at FVOCI (recycling): Change in fair value recognised during the year 26,448 (188,355) Reclassification adjustments for amounts transferred to profit or loss: – net loss on derecognition of financial assets measured at FVOCI (recycling) (note 4) 3,098 7 – expected credit losses on financial assets measured at FVOCI (recycling) (note 33(a)) 171,000 260,000 Net movement in the fair value reserve (recycling) during the year recognised in other comprehensive income 200,546 71,652