Annual Report 2024

225 2024 Annual Report Transport International Holdings Limited NOTES TO THE FINANCIAL STATEMENTS (Expressed in Hong Kong dollars unless otherwise indicated) 12 Segment reporting (Continued) (a) Segment results, assets and liabilities (Continued) Information regarding the Group’s reportable segments for the years ended 31 December 2024 and 2023 is set out below. Franchised bus operations Property holdings and development All other segments Total 2024 2023 2024 2023 2024 2023 2024 2023 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Revenue from external customers 7,849,268 7,563,831 98,618 82,906 267,467 238,016 8,215,353 7,884,753 Inter-segment revenue 1,882 1,355 4,370 4,453 4,455 903 10,707 6,711 Reportable segment revenue 7,851,150 7,565,186 102,988 87,359 271,922 238,919 8,226,060 7,891,464 Reportable segment profit/(loss) 168,462 34,597 (18,108) 333,969 16,924 42,097 167,278 410,663 Interest income 4,952 4,745 – – 250 318 5,202 5,063 Interest expense (78,654) (86,887) (19,689) (23,177) – – (98,343) (110,064) Depreciation (1,162,231) (1,103,472) (1,180) (540) (32,849) (28,675) (1,196,260) (1,132,687) Staff costs (4,284,920) (4,012,799) – – (134,189) (121,100) (4,419,109) (4,133,899) Change in fair value of investment properties and investment property under development – – (78,200) 287,380 – – (78,200) 287,380 Share of profits of associates – – – – 637 31,138 637 31,138 Share of profit of joint venture – – 8,552 8,110 – – 8,552 8,110 Income tax expense (33,876) (8,193) (10,155) (7,408) (12,989) (13,852) (57,020) (29,453) Reportable segment assets 10,715,561 10,665,139 9,086,175 9,020,713 1,520,886 1,550,081 21,322,622 21,235,933 – including interest in associates – – – – 569,660 609,147 569,660 609,147 – including interest in joint venture – – 747,792 748,560 – – 747,792 748,560 Additions to non-current segment assets during the year 744,992 1,078,898 142,626 617,248 31,939 55,406 919,557 1,751,552 Reportable segment liabilities 4,411,358 4,617,357 2,683,917 3,051,451 82,988 87,247 7,178,263 7,756,055