2018E — Page 171

FIVE YEARS' FINANCIAL SUMMARY (CONTINUED)

At 31 December

2014

2015

HK$ Million

HK$ Million

2016

(restated) HK$ Million

2017

(restated)

2018

HK$ Million

HK$ Million

plant and equipment and leasehold

land

1,991

- - 2,106

2,151

2,204

2,243

Interest in associates

14

11

10

9

8

Interest in a joint venture

1,355

1,364

1,364

Properties under development for sale

843

241

339

443

1,034

Other financial assets

523

918

682

176

337

Deferred tax assets

Other assets

6

5

5

5

4

3,701

2,893

1,965

2,591

1,384

Total assets

Total liabilities

7,078

6,174

6,507

6,792

6,374

1,255

522

726

825

244

Net assets employed

5,823

5,652

5,781

5,967

6,130

Net assets per share

Notes to the five years' financial summary:

0

HK$

HK$

HK$

HK$

HK$

16.3

15.9

16.2

16.8

17.2

(ii)

As a result of the adoption of HKFRS 15, Revenue from contracts with customers, with effect from 1 January 2018, the Group has changed its accounting policies in respect of revenue recognition. In accordance with the transitional provisions of the standard, the changes in accounting policies were adopted retrospectively to contracts that existed as at 1 January 2017. Figures in 2014 and 2015 are stated in accordance with the policies applicable in those years.

The Group adopted HKFRS 9, Financial instruments, from 1 January 2018. As a result, the Group has changed its accounting policies in relation to financial instruments. As allowed by HKFRS 9, the Group has not restated information relating to prior years. Differences in the carrying amounts of the financial assets resulting from the adoption of HKFRS 9 were recognised in retained earnings and reserves at 1 January 2018. There was no difference in the carrying amounts of the financial liabilities. Prior to 1 January 2018, figures were stated in accordance with the policies applicable in those years.

Hong Kong Ferry (Holdings) Company Limited Annual Report 2018

169