56
Hong Kong Ferry (Holdings) Company Limited Annual Report 2013
Notes to the Accounts (Continued)
1
SIGNIFICANT ACCOUNTING POLICIES (Continued)
(c)
Changes in accounting policies (Continued)
Profit and loss account for the year ended
The Company
As previously reported
HK$'000
Effect of
adoption
of revised
HKAS 19
HK$'000
As restated
HK$'000
31 December 2012:
Administrative expenses
Profit for the year
20,866
106,017
1,111
21,977
(1,111)
104,906
Statement of comprehensive income for the
year ended 31 December 2012:
Remeasurement of employee benefits assets
1,102
1,102
Other comprehensive income for the year
1,102
1,102
Total comprehensive income for the year
106,017
(9)
106,008
Balance sheet as at 31 December 2012:
Employee benefits assets
10,796
(5,994)
4,802
Net assets/Total equity
3,733,349
(5,994)
3,727,355
Retained profits
1,978,548
(5,994)
1,972,554
Balance sheet as at 1 January 2012:
Employee benefits assets
Net assets/Total equity
Retained profits
11,189
(5,985)
5,204
3,755,590
(5,985)
3,749,605
2,000,789
(5,985)
1,994,804
This change in accounting policy did not have a material impact on current or deferred taxation and earnings per share.