Annual Report 2022

227 2022 Annual Report Transport International Holdings Limited 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 2022 465,469 1,212,314 4,709 1,300,000 1,002,842 3,985,334 Changes in equity for 2022 Shares issued in respect of scrip dividend – 2021 final dividend 30(b) 9,471 106,355 – – – 115,826 Forfeiture of share options – – (227) – 227 – Equity-settled share-based transaction 5(a) – – 1,194 – – 1,194 Dividends approved in respect of the previous year 11(b) – – – – (232,735) (232,735) Profit and total comprehensive income for the year – – – – 230,003 230,003 Balance at 31 December 2022 474,940 1,318,669 5,676 1,300,000 1,000,337 4,099,622 The Company’s reserves available for distribution to shareholders at 31 December 2022 amounted to $2,300,337,000 (2021: $2,302,842,000). After the end of the reporting period, the Directors proposed a final dividend of $0.50 (2021: $0.50) per share, amounting to $237,470,000 (2021: $232,735,000). The final dividend proposed has not been recognised as a liability at the end of the reporting period. (b) Share capital Authorised and issued share capital 2022 2021 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 465,469,414 465,469 457,820,696 457,821 Share issued in respect of scrip dividend – 2020 final dividend – – 7,648,718 7,648 Share issued in respect of scrip dividend – 2021 final dividend 9,470,661 9,471 – – At 31 December 474,940,075 474,940 465,469,414 465,469 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.