2017E — Page 139

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

23 TRADE AND OTHER PAYABLES

All of the trade and other payables except for an amount of HK$10,743,000 (2016: HK$11,453,000) are expected to be settled or recognised as income within one year. Included in the trade and other payables are amounts due to related companies of HK$77,154,000 (2016: HK$109,201,000) which are unsecured, interest-free and repayable within 30-45 days or have no fixed terms of repayment.

Included in trade and other payables are trade payables with the following ageing analysis based on due date at the end of the reporting period:

Due within 1 month or on demand

Due after 1 month but within 3 months

Due after 3 months but within 12 months

More than 12 months

2017

HK$'000

2016

HK$'000

98,595

125,562

1,274

1,341

99,878

9

126,912

24 INCOME TAX IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION

(a)

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

2017

HK$'000 ·

2016

HK$'000

Provision for Hong Kong Profits Tax for the year

Provisional Profits Tax paid

34,533

35,356

(33,088)

(23,720)

1,445

11,636

Balance of Hong Kong Profits Tax (recoverable)/payable relating to prior years

(13,075)

7,478

(11,630)

19,114

Represented by:

Tax recoverable

Tax payable

2017

HK$'000

2016

HK$'000

(27,860)

(22,174)

16,230

41,288

(11,630)

19,114

137

Hong Kong Ferry (Holdings) Company Limited

Annual Report 2017