Annual Report 2025

245 2025 Annual Report Transport International Holdings Limited NOTES TO THE FINANCIAL STATEMENTS (Expressed in Hong Kong dollars unless otherwise indicated) 26 Accounts payable and accruals (continued) Included in accounts payable and accruals are trade payables with the following ageing analysis, based on the due date, as of the end of the reporting period: 2025 2024 $’000 $’000 Due within 1 month or on demand 141,817 125,622 Due after 1 month but within 3 months 3,935 1,206 Due after more than 3 months 490 761 146,242 127,589 The credit period granted to the Group is generally between 30 days and 90 days. 27 Contingency provision – insurance 2025 2024 $’000 $’000 At 1 January 238,070 234,278 Provision charged to profit or loss 61,336 78,304 Payments made during the year (63,243) (74,512) At 31 December 236,163 238,070 Representing: Current portion 93,983 91,919 Non-current portion 142,180 146,151 236,163 238,070 The Group is involved from time to time in litigation and claims in connection with its transport operations. Contingency provision – insurance represents amounts set aside annually by the Group to meet liabilities which are expected to arise from third party claims for incidents which have occurred prior to the end of the reporting period in connection with the Group’s transport operations. 28 Lease liabilities At 31 December 2025, the lease liabilities were repayable as follows: 2025 2024 $’000 $’000 Within 1 year 3,722 3,542 After 1 year but within 2 years 2,714 2,448 After 2 years but within 5 years 613 1,312 3,327 3,760 7,049 7,302