Annual Report 2019

216 Transport International Holdings Limited 2019 Annual Report Notes to the Financial Statements (Expressed in Hong Kong dollars unless otherwise indicated) 29 Capital and reserves (a) Movements in components of equity The reconciliation between the opening and closing balances of each component of the Group’s consolidated equity is set out in the consolidated statement of changes in equity. Details of the changes in the Company’s individual components of equity between the beginning and the end of the year are set out below: Share capital Share premium Capital reserve Contributed surplus Retained profits Total equity Note $’ 000 $’ 000 $’ 000 $’ 000 $’ 000 $’ 000 Balance at 1 January 2018 422,456 425,831 4,969 1,300,000 1,000,670 3,153,926 Changes in equity for 2018 Shares issued in respect of scrip dividend – 2017 final dividend 29(b)(i) 9,172 201,318 – – – 210,490 Shares issued in respect of scrip dividend – 2018 interim dividend 29(b)(i) 2,969 59,813 – – – 62,782 Equity-settled share-based transaction 5(a) – – 853 – – 853 Unclaimed dividends forfeited – – – – 7,352 7,352 Dividends approved in respect of the previous year 11(b) – – – – (380,210) (380,210) Profit and total comprehensive income for the year – – – – 510,052 510,052 Dividends declared in respect of the current year 11(a) – – – – (129,488) (129,488) Balance at 31 December 2018 434,597 686,962 5,822 1,300,000 1,008,376 3,435,757 Share capital Share premium Capital reserve Contributed surplus Retained profits Total equity Note $’000 $’000 $’000 $’000 $’000 $’000 Balance at 1 January 2019 434,597 686,962 5,822 1,300,000 1,008,376 3,435,757 Changes in equity for 2019 Shares issued in respect of scrip dividend – 2018 final dividend 29(b)(i) 8,764 190,974 – – – 199,738 Shares issued in respect of scrip dividend – 2019 interim dividend 29(b)(i) 3,197 60,505 – – – 63,702 Issuance of shares upon exercise of share options 29(b)(i) 383 9,298 (704) – – 8,977 Forfeiture of share options – – (891) – 891 – Equity-settled share-based transaction 5(a) – – (11) – – (11) Unclaimed dividends forfeited – – – – 729 729 Dividends approved in respect of the previous year 11(b) – – – – (391,482) (391,482) Profit and total comprehensive income for the year – – – – 520,001 520,001 Dividends declared in respect of the current year 11(a) – – – – (133,123) (133,123) Balance at 31 December 2019 446,941 947,739 4,216 1,300,000 1,005,392 3,704,288 Note: The Group, including the Company, has initially applied HKFRS 16 at 1 January 2019 using the modified retrospective approach. Under this approach, comparative information is not restated and there is no net effect on the opening balance of the Company’s equity as at 1 January 2019. See notes 1(c) and 34.