Annual Report 2019

199 Transport International Holdings Limited 2019 Annual Report Notes to the Financial Statements 17 Interest in associates (continued) Summarised financial information of the material associate, adjusted for any differences in accounting policies, and reconciled to the carrying amounts in the consolidated financial statements, are disclosed below: Shenzhen Bus Group Company Limited 2019 2018 (Note) $’ 000 $’ 000 Gross amounts of the associate Current assets 2,824,779 2,733,913 Non-current assets 6,476,693 6,306,728 Current liabilities 4,200,518 2,978,416 Non-current liabilities 3,848,731 4,817,401 Total equity 1,252,223 1,244,824 Non-controlling interest (12,227) (13,169) Revenue 2,164,822 2,182,641 Profit for the year 49,293 74,852 Other comprehensive income 33,449 – Total comprehensive income 84,141 74,852 Dividend from the associate 18,852 30,045 Reconciled to the Group’s interests in the associate Gross amounts of net assets of the associate attributable to equity shareholders 1,239,996 1,231,655 Group’s effective interest 35% 35% Group’s share of net assets of the associate 433,998 431,079 Amount due from an associate 17,738 24,810 Goodwill 60,584 61,704 Carrying amount in the consolidated financial statements 512,320 517,593 Note: The associates have initially applied HKFRS 16 using the modified retrospective approach and there are no adjustments to the opening balances of equity at 1 January 2019. Under this approach, the comparative information is not restated.