Hong Kong Ferry (Holdings) Company Limited Annual Report 2013
Notes to the Accounts (Continued)
21 TRADE AND OTHER PAYABLES
All of the trade and other payables are expected to be settled or recognised as income within one year except for an amount of HK$7,093,000 (2012: HK$6,684,000) of the Group. Included in the trade and other payables are amounts due to related companies of HK$425,929,000 (2012: HK$274,299,000) which are unsecured, interest-free and have no fixed
terms of repayment.
Included in trade and other payables are trade payables with the following ageing analysis at the balance sheet date:
Due within 1 month or on demand
Due after 1 month but within 3 months
Due after 3 months but within 12 months
More than 12 months
22
INCOME TAX IN THE CONSOLIDATED BALANCE SHEET
The Group
2013
HK$'000
2012
HK$'000
441,231
997
294,592
45
8
1
442,236
294,638
(a) Tax (recoverable)/payable in the consolidated balance sheet represents:
The Group
2013
Provision for Hong Kong Profits Tax for the year
Provisional Profits Tax paid
HK$'000
2012
HK$'000
19,920
26,705
(16,079)
(15,576)
3,841
11,129
Balance of Hong Kong Profits Tax recoverable relating to prior years
(117)
(2,095)
3,724
9,034
Represented by:
Tax recoverable
Tax payable
2013
HK$'000
2012
HK$'000
(36,557)
(30,677)
40,281
39,711
3,724
9,034
101