Annual Report 2020

2020 Annual Report Transport International Holdings Limited 97 Current Assets and Current Liabilities The Group’s total current assets as at 31 December 2020 amounted to HK$3,316.3 million (2019: HK$2,931.3 million), mainly comprising liquid funds of HK$2,293.8 million (2019: HK$1,455.9 million) and accounts receivable of HK$660.5 million (2019: HK$666.7 million). The Group’s liquid funds as at 31 December 2020 were mainly denominated in Hong Kong dollars. Total current liabilities as at 31 December 2020 amounted to HK$3,087.0 million (2019: HK$1,561.9 million), which mainly included accounts payable and accruals, and the current portion of bank loans. Bank Loans As at 31 December 2020, bank loans, all unsecured, amounted to HK$3,082.5 million (2019: HK$2,706.6 million). The maturity profile of the bank loans of the Group as at 31 December 2020 and 31 December 2019 is shown in the chart below: As at 31 December 2020, the Group had undrawn committed banking facilities totalling HK$2,110.0 million (2019: HK$2,280.0 million). Capital Commitments The Group’s capital commitments as at 31 December 2020 amounted to HK$2,579.1 million (2019: HK$3,409.9 million). These commitments were mainly in respect of the development of the Kwun Tong Site and the purchase of buses and other motor vehicles, which are to be financed by bank borrowings and from the Group’s internal resources. A summary of the capital commitments is set out below: HK$ million 2020 2019 Development of the Kwun Tong Site 1,752.8 2,186.6 Purchase of buses and other motor vehicles 680.3 1,173.6 Purchase of other properties, plant and equipment 146.0 49.7 Total 2,579.1 3,409.9 As at 31 December 2020, the Group had 427 (2019: 514) new buses on order for delivery in 2021. Debt Maturity Profile at 31 December 2020 HK$1,399 million (45%) HK$1,087 million (35%) HK$597 million (20%) 2019 HK$1,312 million (48%) HK$1,395 million (52%) 2019 2020 Within 1 year Between 1 and 2 years Between 2 and 5 years