Annual Report 2020

2020 Annual Report Transport International Holdings Limited 163 Consolidated Statement of Financial Position at 31 December 2020 (Expressed in Hong Kong dollars) 2020 2019 Note $’ 000 $’ 000 Non-current liabilities Bank loans 24 1,684,266 2,706,572 Lease liabilities 27 1,865 3,111 Deferred tax liabilities 28(b) 1,123,423 1,227,243 Contingency provision – insurance 26 217,716 244,327 Provision for long service payments 29 1,049 2,554 3,028,319 4,183,807 NET ASSETS 13,186,312 10,971,710 CAPITAL AND RESERVES Share capital 30(b)(i) 457,821 446,941 Reserves 12,728,491 10,524,769 TOTAL EQUITY 13,186,312 10,971,710 Approved and authorised for issue by the Board of Directors on 18 March 2021 Norman LEUNG Nai Pang Chairman Roger LEE Chak Cheong Managing Director The notes on pages 167 to 239 form part of these financial statements.