Annual Report 2020

222 Transport International Holdings Limited 2020 Annual Report Notes to the Financial Statements (Expressed in Hong Kong dollars unless otherwise indicated) 27 Lease liabilities At 31 December 2020, the lease liabilities were repayable as follows: 2020 2019 $’ 000 $’ 000 Within 1 year 3,615 3,907 After 1 year but within 2 years 1,624 3,111 After 2 years but within 5 years 241 – 1,865 3,111 5,480 7,018 28 Income tax in the consolidated statement of financial position (a) Current taxation in the consolidated statement of financial position represents: 2020 2019 $’ 000 $’ 000 Provision for Hong Kong Profits Tax for the year 17,139 58,393 Provisional Profits Tax paid (16,007) (6,305) 1,132 52,088 Disposal of a subsidiary (note 35) (83) – Balance of Profits Tax provision relating to prior years 3,128 34,706 Net current tax payable 4,177 86,794 Representing: Current tax recoverable (5,085) (483) Current tax payable 9,262 87,277 Net current tax payable 4,177 86,794