NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
INCOME TAX IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION (Continued)
(c)
Deferred tax assets not recognised:
In accordance with the accounting policy set out in note 1(q), the Group has not recognised the following deferred tax assets in respect of deductible temporary differences and cumulative tax losses as it is not probable that future taxable profits against which the deductible temporary differences and tax losses can be utilised will be available in the relevant tax jurisdiction and entity. The tax losses do not expire under current tax legislation.
2017
2016.
Deductible
Deductible
temporary differences/
temporary
tax losses
HK$'000
Deferred
tax assets
HK$'000
differences/
tax losses
HK$'000
Deferred
tax assets
HK$'000
(i)
Excess of tax written down values over
accounting carrying values of other
property, plant and equipment
467
77
640
106
(ii)
Tax losses
119,297
19,684
92,704
15,402
119,764
19,761
93,344
15,508
139
Hong Kong Ferry (Holdings) Company Limited
Annual Report 2017