Annual Report 2020

220 Transport International Holdings Limited 2020 Annual Report Notes to the Financial Statements (Expressed in Hong Kong dollars unless otherwise indicated) 23 Bank deposits and cash (continued) (d) Reconciliation of liabilities arising from financing activities: (continued) Bank loans Lease liabilities Total $’ 000 $’ 000 $’ 000 (Note 24) (Note 27) At 1 January 2019 2,625,039 6,952 2,631,991 Changes from financing cash flows: Proceeds from new bank loans 1,765,000 – 1,765,000 Repayment of bank loans (1,690,000) – (1,690,000) Capital element of lease rentals paid – (3,923) (3,923) Interest element of lease rentals paid – (200) (200) Total changes from financing cash flows 75,000 (4,123) 70,877 Other changes: Increase in lease liabilities from entering into new leases during the year – 3,989 3,989 Interest expenses (note 5(b)) – 200 200 Amortisation of bank loans arrangement fee 6,533 – 6,533 Total other changes 6,533 4,189 10,722 At 31 December 2019 2,706,572 7,018 2,713,590 (e) Total cash outflow for leases Amounts included in the consolidated cash flow statement for leases comprise the following: 2020 2019 $’ 000 $’ 000 Within operating cash flows 1,861 3,672 Within financing cash flows 2,888 4,123 4,749 7,795 24 Bank loans At 31 December 2020, the bank loans were repayable as follows: 2020 2019 $’ 000 $’ 000 Within 1 year or on demand 1,398,257 – After 1 year but within 2 years 1,087,099 1,394,657 After 2 years but within 5 years 597,167 1,311,915 1,684,266 2,706,572 3,082,523 2,706,572 All of the bank loans were unsecured.