NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
24
INCOME TAX IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION
(a)
Tax (recoverable)/payable in the consolidated statement of financial position represents:
2016
HK$'000
2015
HK$'000
Provision for Hong Kong Profits Tax for the year
Provisional Profits Tax paid
35,356
31,890
(23,720)
(5,225)
11,636
26,665
Balance of Hong Kong Profits Tax payable relating to prior years
7,478
148,850
19,114
175,515
Represented by:
Tax recoverable
Tax payable
2016
2015
HK$'000
HK$'000
(22,174)
(35,283)
41,288
210,798
19,114
175,515
Hong Kong Ferry (Holdings) Company Limited
Annual Report 2016 125