Annual Report 2024

253 2024 Annual Report Transport International Holdings Limited NOTES TO THE FINANCIAL STATEMENTS (Expressed in Hong Kong dollars unless otherwise indicated) 31 Capital and reserves (a) Movements in components of equity The reconciliation between the opening and closing balances of each component of the Group’s consolidated equity is set out in the consolidated statement of changes in equity. Details of the changes in the Company’s individual components of equity between the beginning and the end of the year are set out below: Share capital Share premium Capital reserve Contributed surplus Retained profits Total equity Note $’000 $’000 $’000 $’000 $’000 $’000 Balance at 1 January 2023 474,940 1,318,669 5,676 1,300,000 1,000,337 4,099,622 Changes in equity for 2023: Shares issued in respect of scrip dividend – 2022 final dividend 31(b) 11,975 106,692 – – – 118,667 Shares issued in respect of scrip dividend – 2023 interim dividend 31(b) 7,428 66,932 – – – 74,360 Forfeiture of share options – – (255) – 255 – Equity-settled share-based transaction 5(a) – – 6,248 – – 6,248 Dividends approved in respect of the previous year 11(b) – – – – (237,470) (237,470) Dividends declared in respect of the current year 11(a) – – – – (146,074) (146,074) Profit and total comprehensive income for the year – – – – 383,001 383,001 Balance at 31 December 2023 494,343 1,492,293 11,669 1,300,000 1,000,049 4,298,354 Share capital Share premium Capital reserve Contributed surplus Retained profits Total equity Note $’000 $’000 $’000 $’000 $’000 $’000 Balance at 1 January 2024 494,343 1,492,293 11,669 1,300,000 1,000,049 4,298,354 Changes in equity for 2024: Shares issued in respect of scrip dividend – 2023 final dividend 31(b) 14,558 116,321 – – – 130,879 Forfeiture of share options – – (1,150) – 1,150 – Equity-settled share-based transaction 5(a) – – 3,454 – – 3,454 Dividends approved in respect of the previous year 11(b) – – – – (247,172) (247,172) Profit and total comprehensive income for the year – – – – 246,000 246,000 Balance at 31 December 2024 508,901 1,608,614 13,973 1,300,000 1,000,027 4,431,515 The Company’s reserves available for distribution to shareholders at 31 December 2024 amounted to $2,300,027,000 (2023: $2,300,049,000). After the end of the reporting period, the Directors proposed a final dividend of $0.50 (2023: $0.50) per share, amounting to $254,451,000 (2023: $247,172,000). The final dividend proposed has not been recognised as a liability at the end of the reporting period.