Annual Report 2022

213 2022 Annual Report Transport International Holdings Limited NOTES TO THE FINANCIAL STATEMENTS (Expressed in Hong Kong dollars unless otherwise indicated) 17 Interest in associates (continued) Summarised financial information of the material associate, adjusted for any differences in accounting policies, and reconciled to the carrying amounts in the consolidated financial statements, are disclosed below: Shenzhen Bus Group Company Limited 2022 2021 $’000 $’000 Gross amounts of the associate Current assets 4,547,801 3,748,154 Non-current assets 5,667,120 7,078,614 Current liabilities 3,599,541 6,480,528 Non-current liabilities 5,260,599 2,838,060 Total equity 1,354,781 1,508,180 Non-controlling interest (6,501) (8,011) Revenue 1,718,171 1,958,565 Profit for the year 21,308 72,063 Other comprehensive income 1,234 8,971 Total comprehensive income 22,542 81,034 Dividend from the associate 17,356 12,097 Reconciled to the Group’s interest in the associate Gross amounts of net assets of the associate attributable to equity shareholders 1,348,280 1,500,169 Group’s effective interest 35% 35% Group’s share of net assets of the associate 471,898 525,059 Goodwill 61,006 66,392 Carrying amount in the consolidated financial statements 532,904 591,451 Aggregate information of associates that are not individually material: 2022 2021 $’000 $’000 Aggregate carrying amount of individually immaterial associates in the consolidated financial statements 66,892 90,298 Aggregate amounts of the Group’s share of those associates Loss for the year (14,367) (5,587) Total comprehensive income (14,367) (5,587)