2016 — Page 128

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

24 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 2015

41,763

(5,741)

(2,953)

33,069

Charged/(credited) to profit or loss

(note 7(a))

4,228

4,107

(1,588)

6,747

At 31 December 2015 and

1 January 2016

45,991

(1,634)

(2,953)

(1,588)

39,816

Charged/(credited) to profit or loss:

continuing operations (note 7(a))

4,283

(976)

1,588

4,895

- discontinued operation

103

103

At 31 December 2016

Represented by:

50,274

(2,507)

(2,953)

44,814

2016

HK$'000

2015

HK$'000

Net deferred tax asset recognised in the consolidated statement

of financial position

(5,248)

(5,152)

Net deferred tax liability recognised in the consolidated statement

of financial position

50,062

44,968

Hong Kong Ferry (Holdings) Company Limited

126 Annual Report 2016

44,814

39,816