2016 — Page 127

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

24

INCOME TAX IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION

(a)

Tax (recoverable)/payable in the consolidated statement of financial position represents:

2016

HK$'000

2015

HK$'000

Provision for Hong Kong Profits Tax for the year

Provisional Profits Tax paid

35,356

31,890

(23,720)

(5,225)

11,636

26,665

Balance of Hong Kong Profits Tax payable relating to prior years

7,478

148,850

19,114

175,515

Represented by:

Tax recoverable

Tax payable

2016

2015

HK$'000

HK$'000

(22,174)

(35,283)

41,288

210,798

19,114

175,515

Hong Kong Ferry (Holdings) Company Limited

Annual Report 2016 125