150
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
22 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.
() Excess of tax written down
2018
Deductible
temporary
differences/
tax losses
HK$'000
Deferred
tax assets
HK$'000
2017
Deductible
temporary
differences/
tax losses
HK$'000
Deferred
tax assets
HK$'000
values over accounting carrying values of other property, plant and equipment
114
19
467
77
(ii) Tax losses
114,720
18,929
119,297
19,684
114,834
18,948
119,764
19,761
Hong Kong Ferry (Holdings) Company Limited Annual Report 2018