Annual Report 2025

188 Transport International Holdings Limited 2025 Annual Report CONSOLIDATED STATEMENT OF FINANCIAL POSITION At 31 December 2025 (Expressed in Hong Kong dollars) 2025 2024 Note $’000 $’000 Non-current assets Investment properties 14 8,177,000 5,361,800 Investment property under development 14 – 2,911,500 Interest in leasehold land 13(a) 42,571 44,551 Other property, plant and equipment 13(a) 6,663,717 7,361,575 14,883,288 15,679,426 Intangible assets 15 573,884 529,090 Goodwill 16 84,051 84,051 Interest in associates 18 616,233 569,660 Interest in joint venture 19 752,675 747,792 Other financial assets 20 1,526,914 1,354,446 Employee benefit assets 21(a) 2,110,291 1,755,757 Deferred tax assets 29(b) 3,574 763 20,550,910 20,720,985 Current assets Spare parts 118,762 106,135 Accounts receivable 23 848,913 998,479 Other financial assets 20 88,864 108,190 Deposits and prepayments 66,740 44,895 Current tax recoverable 29(a) 4,875 836 Restricted bank deposits 24(a) 264,525 375,520 Bank deposits and cash 24(a) 1,516,315 1,554,434 2,908,994 3,188,489 Current liabilities Accounts payable and accruals 26 1,370,760 1,576,416 Contingency provision – insurance 27 93,983 91,919 Bank loans 25 2,823,669 842,500 Lease liabilities 28 3,722 3,542 Current tax payable 29(a) 2,180 4,163 4,294,314 2,518,540 Net current (liabilities)/assets (1,385,320) 669,949 Total assets less current liabilities 19,165,590 21,390,934