Annual Report 2024

265 2024 Annual Report Transport International Holdings Limited NOTES TO THE FINANCIAL STATEMENTS (Expressed in Hong Kong dollars unless otherwise indicated) 36 Company-level statement of financial position 2024 2023 Note $’000 $’000 Non-current assets Investments in subsidiaries 1,209,938 1,206,484 Property, plant and equipment 17 21 Deferred tax assets 535 535 1,210,490 1,207,040 Current assets Deposits and prepayments 1,629 1,374 Amounts due from subsidiaries 11,363,380 11,078,074 Bank deposits and cash 2,916 2,475 11,367,925 11,081,923 Current liabilities Accounts payable and accruals 16,864 16,412 Amounts due to subsidiaries 8,130,036 7,974,197 8,146,900 7,990,609 Net current assets 3,221,025 3,091,314 NET ASSETS 4,431,515 4,298,354 CAPITAL AND RESERVES 31(a) Share capital 508,901 494,343 Reserves 3,922,614 3,804,011 TOTAL EQUITY 4,431,515 4,298,354 Approved and authorised for issue by the Board of Directors on 20 March 2025 Norman LEUNG Nai Pang Chairman Roger LEE Chak Cheong Managing Director