NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
22 INCOME TAX IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION
(Continued)
(b) Deferred tax assets and liabilities recognised:
The components of deferred tax (assets)/liabilities recognised in the consolidated statement of financial position and the movements during the year are as follows:
The Group
Temporary differences
Intra-group
interest
capitalised in
arising from
Deferred tax arising from:
fixed assets
Future
benefit of
tax losses
properties
under
HK$'000
HK$'000
development
HK$'000
Total
HK$'000
At 1 January 2013
26,750
(9,931)
(3,314)
13,505
Charged/(credited) to
profit or loss (note 6(a))
5,487
(5,787)
361
61
At 31 December 2013 and
1 January 2014
32,237
(15,718)
(2,953)
13,566
Charged to profit or loss (note 6(a))
9,526
9,977
19,503
At 31 December 2014
41,763
(5,741)
(2,953)
33,069
Represented by:
Net deferred tax asset recognised in the consolidated statement
of financial position
The Group
2014
HK$'000
2013
HK$'000
(5,860)
(14,527)
Net deferred tax liability recognised in the consolidated statement
of financial position
38,929
28,093
33,069
13,566
Hong Kong Ferry (Holdings) Company Limited Annual Report 2014
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