1999 — Page 53

Notes on the Accounts

Hong Kong Ferry (Holdings) Co. Ltd. 51

20. DEFERRED TAXATION

(b) Major components of deferred tax of the Group and the Company are set out below:

Group

1999

1998

Potential

Provided

HK$'000

liabilities

unprovided

HK$'000

Potential

liabilities

Provided unprovided

HK$'000

HK$'000

Depreciation allowances in

excess of related

depreciation

26,500

6,806

25,526

32,715

Future benefit of tax losses

(50,983)

(4,026)

(42,354)

26,500

(44,177)

21,500

(9,639)

Depreciation allowances in

Company

1999

1998

Potential

Potential

liabilities

liabilities

Provided

HK$'000

unprovided HK$'000

Provided

unprovided

HK$'000

HK$'000

excess of related

depreciation

26,000

4,106

25,026

31,725

Future benefit of tax losses

(825)

(4,026)

26,000

3,281

21,000

31,725