Annual Report 2019

212 Transport International Holdings Limited 2019 Annual Report Notes to the Financial Statements (Expressed in Hong Kong dollars unless otherwise indicated) 23 Bank loans At 31 December 2019, the bank loans were repayable as follows: 2019 2018 $’ 000 $’ 000 After 1 year but within 2 years 1,394,657 – After 2 years but within 5 years 1,311,915 2,625,039 2,706,572 2,625,039 All of the bank loans were unsecured. 24 Accounts payable and accruals 2019 2018 $’ 000 $’ 000 Trade payables 135,595 159,914 Balance of passenger reward (note 5(d)) 12,375 6,052 Balance of toll exemption fund (note 5(d)) 196,354 – Other payables and accruals 995,135 867,792 1,339,459 1,033,758 All of the accounts payable and accruals are expected to be settled within one year. Included in accounts payable and accruals are trade payables with the following ageing analysis, based on the due date, as of the end of the reporting period: 2019 2018 $’ 000 $’ 000 Due within 1 month or on demand 130,401 154,114 Due after 1 month but within 3 months 2,402 3,138 Due after more than 3 months 2,792 2,662 135,595 159,914 The credit period granted to the Group is generally between 30 days and 90 days. Therefore, all the balances which are due within one month or on demand as disclosed above are within three months from the invoice date.