2015 — Page 117

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

INCOME TAX IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION (Continued)

(b)

Deferred tax assets and liabilities recognised:

The components of deferred tax (assets)/liabilities recognised in the consolidated statement of financial position and the movements during the year are as follows:

Temporary differences

from

investment

properties

and other

Intra-group

interest

capitalised in

property,

Future properties

plant and

benefit of

under

Deferred tax arising from:

equipment

tax losses development

Others

Total

HK$'000

HK$'000

HK$'000

HK$'000

HK$'000

At 1 January 2014

32,237

(15,718)

(2,953)

Charged to profit or loss

(note 6(a))

9,526

9,977

13,566

19,503

At 31 December 2014 and

1 January 2015

41,763

(5,741)

(2,953)

33,069

Charged/(credited) to

profit or loss (note 6(a))

4,228

4,107

(1,588)

6,747

At 31 December 2015

45,991

(1,634)

(2,953)

(1,588)

39,816

Represented by:

Net deferred tax asset recognised in the consolidated statement

of financial position

2015

HK'000

2014

HK'000

(5,152)

(5,860)

Net deferred tax liability recognised in the consolidated statement

of financial position

44,968

38,929

39,816

33,069

Hong Kong Ferry (Holdings) Company Limited

115

Annual Report 2015