Annual Report 2022

222 Transport International Holdings Limited 2022 Annual Report NOTES TO THE FINANCIAL STATEMENTS (Expressed in Hong Kong dollars unless otherwise indicated) 23 Bank deposits and cash (continued) (d) Reconciliation of liabilities arising from financing activities: The table below details changes in the Group’s liabilities from financing activities, including both cash and non-cash changes. Liabilities arising from financing activities are liabilities for which cash flows were, or future cash flows will be, classified in the Group’s consolidated cash flow statement as cash flows from financing activities. Bank loans Lease liabilities Total $’000 $’000 $’000 (Note 24) (Note 27) At 1 January 2022 3,132,549 6,819 3,139,368 Changes from financing cash flows: Proceeds from new bank loans 5,355,000 – 5,355,000 Repayment of bank loans (3,520,000) – (3,520,000) Capital element of lease rentals paid – (3,620) (3,620) Interest element of lease rentals paid – (92) (92) Total changes from financing cash flows 1,835,000 (3,712) 1,831,288 Other changes: Increase in lease liabilities from entering into new leases during the year – 5,290 5,290 Interest expenses (note 5(b)) – 92 92 COVID-19-related rent concessions received (note 13(b)) – (1,176) (1,176) Amortisation of bank loans arrangement fee (21) – (21) Total other changes (21) 4,206 4,185 At 31 December 2022 4,967,528 7,313 4,974,841 Bank loans Lease liabilities Total $’000 $’000 $’000 (Note 24) (Note 27) At 1 January 2021 3,082,523 5,480 3,088,003 Changes from financing cash flows: Proceeds from new bank loans 2,895,000 – 2,895,000 Repayment of bank loans (2,840,000) – (2,840,000) Capital element of lease rentals paid – (2,365) (2,365) Interest element of lease rentals paid – (94) (94) Total changes from financing cash flows 55,000 (2,459) 52,541 Other changes: Increase in lease liabilities from entering into new leases during the year – 6,042 6,042 Interest expenses (note 5(b)) – 94 94 COVID-19-related rent concessions received (note 13(b)) – (2,338) (2,338) Amortisation of bank loans arrangement fee (4,974) – (4,974) Total other changes (4,974) 3,798 (1,176) At 31 December 2021 3,132,549 6,819 3,139,368