Annual Report 2020

2020 Annual Report Transport International Holdings Limited 195 Notes to the Financial Statements (Expressed in Hong Kong dollars unless otherwise indicated) 11 Dividends (continued) (b) Dividend payable to equity shareholders of the Company attributable to the previous financial year, approved and paid during the year 2020 2019 Per share Total Per share Total $ $’ 000 $ $’ 000 Final dividend in respect of the previous financial year, approved and paid during the year 0.70 312,859 0.90 391,482 The final dividend with a scrip dividend alternative in respect of the year ended 31 December 2019 was paid on 30 June 2020, of which $163,631,000 was settled by the issuance of 10,879,685 shares at an issue price of $15.04 per share under the scrip dividend scheme. The final dividend with a scrip dividend alternative in respect of the year ended 31 December 2018 was paid on 27 June 2019, of which $199,738,000 was settled by the issuance of 8,764,283 shares at an issue price of $22.79 per share under the scrip dividend scheme. 12 Segment reporting The Group manages its business by business lines. In a manner consistent with the way in which information is reported internally to the Group’s chief operating decision maker (“CODM”) for the purposes of resource allocation and performance assessment, the Group has presented the following two reportable segments: Franchised bus operation: The provision of franchised public transport services in Hong Kong. Property holdings and development: The holding and development of non-residential properties for the use as investment properties. All other segments: The provision of non-franchised transport services, provision of cross- boundary shuttle bus services between Lok Ma Chau (Hong Kong) and Huanggang (Shenzhen) and investment holding. Other operating segments which do not meet the quantitative thresholds prescribed by HKFRS 8, Operating segments , for determining reportable segments are combined as “all other segments”. Such operating segments generate profits mainly from the provision of non-franchised transport services and interest in associates.