Annual Report 2022

229 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) (d) Capital management (continued) The Group’s adjusted net debt-to-capital ratio at 31 December 2022 and 2021 was as follows: 2022 2021 Note $’000 $’000 Current liabilities: Bank loans 24 1,674,567 994,032 Lease liabilities 27 4,082 3,513 Non-current liabilities: Bank loans 24 3,292,961 2,138,517 Lease liabilities 27 3,231 3,306 Total debt 4,974,841 3,139,368 Less: Bank deposits and cash 23(a) (1,799,592) (825,787) Restricted bank deposits 23(a) (442,891) (411,749) Adjusted net debt 2,732,358 1,901,832 Capital 13,377,921 13,678,728 Adjusted net debt-to-capital ratio 20.4% 13.9% Neither the Company nor any of its subsidiaries are subject to externally imposed capital requirements. 31 Commitments (i) At 31 December 2022, the Group had the following capital commitments in relation to the purchase of other property, plant and equipment not provided for in the financial statements: 2022 2021 $’000 $’000 Contracted for 345,704 654,363 (ii) At 31 December 2022, the Group’s share of capital commitments of the joint operation in respect of investment property under development not provided for in the financial statements is as follows: 2022 2021 $’000 $’000 Contracted for 380,010 950,954