Annual Report 2019

147 Transport International Holdings Limited 2019 Annual Report Consolidated Cash Flow Statement for the year ended 31 December 2019 (Expressed in Hong Kong dollars) 2019 2018 (Note) Note $’ 000 $’ 000 Net increase/(decrease) in cash and cash equivalents 316,886 (975,809) Cash and cash equivalents at 1 January 224,602 1,204,805 Effect of foreign exchange rate changes 863 (4,394) Cash and cash equivalents at 31 December 542,351 224,602 Analysis of cash and cash equivalents: Bank deposits and cash in the consolidated statement of financial position 22(a) 1,308,958 1,174,249 Less: bank deposits with original maturities of over three months 22(a) (766,607) (949,647) Cash and cash equivalents in the consolidated cash flow statement 542,351 224,602 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.