Annual Report 2021

161 2021 Annual Report Transport International Holdings Limited CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the year ended 31 December 2021 (Expressed in Hong Kong dollars) 2021 2020 Note $’000 $’000 Profit for the year 245,044 1,904,114 Other comprehensive income for the year (after tax and reclassification adjustments): Items that will not be reclassified to profit or loss: Remeasurements of net defined benefit asset, net of tax expense of $51,439,000 (2020: $72,295,000) 260,314 365,857 Equity investment at fair value through other comprehensive income: net movement in fair value reserve (non-recycling), net of nil tax 191,234 1,649 Items that may be reclassified subsequently to profit or loss: Exchange differences on translation of financial statements of entities outside Hong Kong, net of nil tax 18,459 39,151 Investments in debt securities: net movement in fair value reserve (recycling), net of nil tax 9 (120,445) 9,409 Share of other comprehensive income of an associate, net of nil tax 3,140 43,050 Other comprehensive income for the year 352,702 459,116 Total comprehensive income for the year 597,746 2,363,230 The notes on pages 167 to 235 form part of these financial statements