Annual Report 2019

140 Transport International Holdings Limited 2019 Annual Report Consolidated Statement of Profit or Loss for the year ended 31 December 2019 (Expressed in Hong Kong dollars) 2019 2018 (Note) Note $’ 000 $’ 000 Revenue 3 & 12 8,112,201 8,009,275 Other income 4 411,068 217,555 Staff costs 5(a) (4,517,368) (4,179,168) Depreciation and amortisation (966,607) (912,920) Fuel and oil (919,993) (988,965) Spare parts and stores (214,679) (223,836) Toll charges (328,717) (460,364) Other operating expenses (865,944) (624,404) Profit from operations 709,961 837,173 Finance costs 5(b) (32,182) (23,677) Share of profits of associates 21,544 23,769 Profit before taxation 5 699,323 837,265 Income tax 6(a) (94,012) (117,193) Profit for the year 605,311 720,072 Earnings per share Basic and diluted 10 $1.38 $1.68 Note: The Group has initially applied HKFRS 16 at 1 January 2019 using the modified retrospective approach. Under this approach, comparative information is not restated. See note 1(c). The notes on pages 148 to 235 form part of these financial statements. Details of dividends paid and payable to equity shareholders of the Company attributable to the profit for the year are set out in note 11.