Annual Report 2022

198 Transport International Holdings Limited 2022 Annual Report NOTES TO THE FINANCIAL STATEMENTS (Expressed in Hong Kong dollars unless otherwise indicated) 8 Individuals with highest emoluments Of the five individuals with the highest emoluments, one (2021: one) is a Director whose emolument is disclosed in note 7. The aggregate of the emoluments in respect of the five individuals with the highest emoluments (including the Director) are as follows: 2022 2021 $’000 $’000 Fees 390 390 Salaries, allowances and benefits in kind 16,016 15,433 Discretionary bonuses 1,499 1,392 Equity-settled share-based payment expenses 350 777 Retirement scheme contributions 764 732 19,019 18,724 The emoluments of the five individuals with the highest emoluments are within the following bands: Number of individuals 2022 2021 $2,000,001 - $2,500,000 2 2 $2,500,001 - $3,000,000 1 1 $3,000,001 - $3,500,000 1 1 $7,500,001 - $8,000,000 1 1 9 Other comprehensive income 2022 2021 $’000 $’000 Investments in financial assets measured at FVOCI (recycling): Change in fair value recognised during the year (259,844) (123,608) Reclassification adjustments for amounts transferred to profit or loss: – net (gain)/loss on derecognition of investments in financial assets measured at FVOCI (recycling) (note 4) (1,161) 3,163 – expected credit loss on investments in financial assets measured at FVOCI (recycling) (note 32(a)) 92,000 – Net movement in the fair value reserve (recycling) during the year recognised in other comprehensive income (169,005) (120,445)