92
NOTES TO THE FINANCIAL STATEMENTS (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$7,622,000 (2013: HK$7,093,000) of the Group. Included in the trade and other payables are amounts due to related companies of HK$568,502,000 (2013: HK$425,929,000) which are unsecured, interest-free and have no fixed terms of
repayment.
Included in trade and other payables are trade payables with the following ageing analysis at the end of the reporting period:
Due within 1 month or on demand
Due after 1 month but within 3 months
Due after 3 months but within 12 months
More than 12 months
The Group
2014
HK$'000
2013
HK$'000
665,918
915
441,231
997
8
666,841
442,236
22
INCOME TAX IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION
(a)
Tax (recoverable)/payable in the consolidated statement of financial position represents:
2014
2013
HK$'000
HK$'000
Provision for Hong Kong Profits Tax for the year Provisional Profits Tax paid
161,500
19,920
(5,953)
(16,079)
155,547
3,841
Balance of Hong Kong Profits Tax recoverable relating to prior years
(2,661)
(117)
152,886
3,724
Represented by:
Tax recoverable
Tax payable
Hong Kong Ferry (Holdings) Company Limited Annual Report 2014
2014
2013
HK$'000
HK$'000
(35,412)
(36,557)
188,298
40,281
152,886
3,724