116
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.
2015
Deductible
2014
Deductible
temporary differences/
tax losses
HK$'000
Deferred
tax assets
HK$'000
temporary 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
752
124
860
142
(ii) Tax losses
88,458
14,596
79,218
13,071
89,210
14,720
80,078
13,213
Hong Kong Ferry (Holdings) Company Limited Annual Report 2015
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