2017E — Page 140

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

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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 property,

-

Intra-group

interest

plant and

Future

benefit of

capitalised in

properties

under

Deferred tax arising from:

equipment

tax losses

development

Others

Total

HK$'000

HK$'000

HK$'000

HK$'000

HK$'000

At 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 and

1 January 2017

50,274

(2,507)

(2,953)

44,814

Charged/(credited) to profit or loss

(note 7(a))

5,106

(61)

258

5,303

At 31 December 2017

Represented by:

55,380

(2,568)

(2,695)

50,117

2017

2016

HK$'000

HK$'000

Net deferred tax asset recognised in the consolidated

statement of financial position

(5,036)

(5,248)

Net deferred tax liability recognised in the consolidated

statement of financial position

55,153

50,062

138

Hong Kong Ferry (Holdings) Company Limited Annual Report 2017

50,117

44,814

Page 140Page 141

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