|
|
2016 |
|
2017 |
|
|
RMB’000 |
|
RMB’000 |
|
|
|
|
|
|
Deferred tax assets |
98,862 |
|
115,716 |
|
Less: Offsetting of deferred tax liabilities |
(18,933) |
|
(78,711) |
|
Deferred tax assets(net) |
79,929 |
|
37,005 |
|
|
|
|
|
|
Deferred tax liabilities |
(87,816) |
|
(145,102) |
|
Less: Offsetting of deferred tax assets |
18,933 |
|
78,711 |
|
Deferred tax liabilities(net) |
(68,883) |
|
(66,391) |
|
|
11,046 |
|
(29,386) |
The analysis of deferred tax assets and deferred tax liabilities is as follows:
|
|
As at 31 December 2016 |
|
As at 31 December 2017 |
|
|
RMB’000 |
|
RMB’000 |
|
|
|
|
|
|
Deferred tax assets: |
|
|
|
|
-Deferred tax assets to be recovered after more than 12 months |
97,706 |
|
114,387 |
|
-Deferred tax assets to be recovered within 12 months |
1,156 |
|
1,329 |
|
|
98,862 |
|
115,716 |
|
Deferred tax liabilities: |
|
|
|
|
-Deferred tax liabilities to be recovered after more than 12 months |
(83,937) |
|
(142,159) |
|
-Deferred tax liabilities to be recovered within 12 months |
(3,879) |
|
(2,943) |
|
|
(87,816) |
|
(145,102) |
|
|
|
|
|
The movement in deferred tax assets and liabilities of the Group during the year, without taking into consideration the offsetting of balances within the same tax jurisdiction, is as follows:
12 DEFERRED TAX ASSETS/(LIABILITIES) (CONTINUED)
|
At 1 January 2016 |
(Charged)/ |
At 31 |
(Charged)/ |
At 31 | |||||
|
RMB’000 |
RMB’000 |
RMB’000 |
RMB’000 |
RMB’000 | |||||
|
Deferred tax assets: |
|||||||||
|
Impairment provision for receivables |
7,828 |
(825) |
7,003 |
(2,230) |
|
4,773 | |||
|
Impairment provision for fixed assets and construction-in-progress |
2,739 |
1,416 |
4,155 |
2,793 |
|
6,948 | |||
|
Impairment provision for materials and supplies |
11,837 |
(5,843) |
5,994 |
1,126 |
|
7,120 | |||
|
Differences in accounting base and tax base of government grants |
24,952 |
768 |
25,720 |
(201) |
|
25,519 | |||
|
Differences in accounting base and tax base of employee benefits obligations |
35,207 |
4,448 |
39,655 |
992 |
|
40,647 | |||
|
Loss on disposal of fixed assets |
30,805 |
(14,520) |
16,285 |
14,424 |
|
30,709 | |||
|
Others |
50 |
- |
50 |
(50) |
|
- | |||
|
113,418 |
(14,556) |
98,862 |
16,854 |
|
115,716 |
|
At 1 January 2016 |
Charged/ |
At 31 |
Charged/ |
At 31 | |||||
|
RMB’000 |
RMB’000 |
RMB’000 |
RMB’000 |
RMB’000 | |||||
|
Deferred tax liabilities: |
|||||||||
|
Differences in accounting base and tax base in recognition of fixed assets |
9,607 |
(1,340) |
8,267 |
(404) |
|
7,863 | |||
|
Differences in accounting base and tax base in recognition of leasehold land payments |
71,376 |
(2,493) |
68,883 |
(2,493) |
|
66,390 | |||
|
Changes in the fair value of available-for-sale financial assets |
- |
|
- |
|
- |
|
60,647 |
|
60,647 |
|
Others |
10,562 |
104 |
10,666 |
(464) |
|
10,202 | |||
|
91,545 |
(3,729) |
87,816 |
57,286 |
|
145,102 |
12 DEFERRED TAX ASSETS/(LIABILITIES) (CONTINUED)
Deferred income tax assets are recognised for tax loss carry-forwards and other temporary difference to the extent that the realisation of the related tax benefit through future taxable profits is probable. The Group did not recognise deferred income tax assets in respect of tax losses and other temporary difference amounting to RMB95,370,000 (2016: RMB89,630,000) arising from operations of subsidiaries which do not foresee to have enough tax deductible assessable profits in the near future.
|
|
As at 31 December 2016 |
|
As at 31 December 2017 |
|
|
RMB’000 |
|
RMB’000 |
|
|
|
|
|
|
Tax losses that can be carried forward (Note a) |
77,328 |
|
82,918 |
|
Deductible temporary differences |
12,302 |
|
12,452 |
|
|
89,630 |
|
95,370 |
Note a:
The tax loss carry-forwards in which no deferred income tax assets were recognised will expire in the following years:
|
|
As at 31 December 2016 |
|
As at 31 December 2017 |
|
|
RMB’000 |
|
RMB’000 |
|
|
|
|
|
|
2017 |
15,405 |
|
- |
|
2018 |
14,307 |
|
13,499 |
|
2019 |
6,516 |
|
6,371 |
|
2020 |
18,478 |
|
18,478 |
|
2021 |
22,622 |
|
22,325 |
|
2022 |
- |
|
22,245 |
|
|
77,328 |
|
82,918 |