Annual Report 2019

143 Transport International Holdings Limited 2019 Annual Report Consolidated Statement of Financial Position at 31 December 2019 (Expressed in Hong Kong dollars) 2019 2018 (Note) Note $’ 000 $’ 000 Non-current liabilities Bank loans 23 2,706,572 2,625,039 Lease liabilities 26 3,111 – Deferred tax liabilities 27(b) 1,227,243 1,161,577 Contingency provision – insurance 25 244,327 241,357 Employee benefit liabilities 19(a) – 2,591 Provision for long service payments 28 2,554 4,019 4,183,807 4,034,583 NET ASSETS 10,971,710 10,195,564 CAPITAL AND RESERVES Share capital 29(b)(i) 446,941 434,597 Reserves 10,524,769 9,760,967 TOTAL EQUITY 10,971,710 10,195,564 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). Approved and authorised for issue by the Board of Directors on 19 March 2020 Norman LEUNG Nai Pang Chairman Roger LEE Chak Cheong Managing Director The notes on pages 148 to 235 form part of these financial statements.