Annual Report 2020

2020 Annual Report Transport International Holdings Limited 225 Notes to the Financial Statements (Expressed in Hong Kong dollars unless otherwise indicated) 30 Capital and reserves (continued) (a) Movements in components of equity (continued) Share capital Share premium Capital reserve Contributed surplus Retained profits Total equity Note $’ 000 $’ 000 $’ 000 $’ 000 $’ 000 $’ 000 Balance at 1 January 2020 446,941 947,739 4,216 1,300,000 1,005,392 3,704,288 Changes in equity for 2020 Shares issued in respect of scrip dividend – 2019 final dividend 30(b)(i) 10,880 152,751 – – – 163,631 Forfeiture of share options – – (1,508) – 1,508 – Equity-settled share-based transaction 5(a) – – 600 – – 600 Dividends approved in respect of the previous year 11(b) – – – – (312,859) (312,859) Profit and total comprehensive income for the year – – – – 310,002 310,002 Balance at 31 December 2020 457,821 1,100,490 3,308 1,300,000 1,004,043 3,865,662 The Company’s reserves available for distribution to shareholders at 31 December 2020 amounted to $2,304,043,000 (2019: $2,305,392,000). After the end of the reporting period, the Directors proposed a final dividend of $0.50 (2019: $0.70) per share, amounting to $228,910,000 (2019: $312,859,000). The final dividend proposed has not been recognised as a liability at the end of the reporting period. (b) Share capital (i) Authorised and issued share capital 2020 2019 No. of shares $’ 000 No. of shares $’ 000 Authorised: Ordinary shares of $1 each 600,000,000 600,000 600,000,000 600,000 Ordinary shares of $1 each, issued and fully paid: At 1 January 446,941,011 446,941 434,597,327 434,597 Shares issued in respect of scrip dividend – 2018 final dividend – – 8,764,283 8,764 Shares issued in respect of scrip dividend – 2019 interim dividend – – 3,196,601 3,197 Share issued in respect of scrip dividend – 2019 final dividend 10,879,685 10,880 – – Shares issued under the share option scheme – – 382,800 383 At 31 December 457,820,696 457,821 446,941,011 446,941 The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at general meetings of the Company. All ordinary shares rank equally with regard to the Company’s residual assets.