FIVE YEARS' FINANCIAL SUMMARY (CONTINUED)
At 31 December
2014
2015
HK$ Million
HK$ Million
2016
(restated) HK$ Million
2017
(restated)
2018
HK$ Million
HK$ Million
plant and equipment and leasehold
land
1,991
- - 2,106
2,151
2,204
2,243
Interest in associates
14
11
10
9
8
Interest in a joint venture
1,355
1,364
1,364
Properties under development for sale
843
241
339
443
1,034
Other financial assets
523
918
682
176
337
Deferred tax assets
Other assets
6
5
5
5
4
3,701
2,893
1,965
2,591
1,384
Total assets
Total liabilities
7,078
6,174
6,507
6,792
6,374
1,255
522
726
825
244
Net assets employed
5,823
5,652
5,781
5,967
6,130
Net assets per share
Notes to the five years' financial summary:
0
HK$
HK$
HK$
HK$
HK$
16.3
15.9
16.2
16.8
17.2
(ii)
As a result of the adoption of HKFRS 15, Revenue from contracts with customers, with effect from 1 January 2018, the Group has changed its accounting policies in respect of revenue recognition. In accordance with the transitional provisions of the standard, the changes in accounting policies were adopted retrospectively to contracts that existed as at 1 January 2017. Figures in 2014 and 2015 are stated in accordance with the policies applicable in those years.
The Group adopted HKFRS 9, Financial instruments, from 1 January 2018. As a result, the Group has changed its accounting policies in relation to financial instruments. As allowed by HKFRS 9, the Group has not restated information relating to prior years. Differences in the carrying amounts of the financial assets resulting from the adoption of HKFRS 9 were recognised in retained earnings and reserves at 1 January 2018. There was no difference in the carrying amounts of the financial liabilities. Prior to 1 January 2018, figures were stated in accordance with the policies applicable in those years.
Hong Kong Ferry (Holdings) Company Limited Annual Report 2018
169