138
CDL
HOSPITALITY TRUSTS
14 DEFERRED TAX (CONT'D)
Deferred tax liabilities and assets are offset when there is a legally enforceable right to set off current tax liabilities
and when the deferred taxes relate to the same tax authority. The amounts determined after appropriate offsetting
are included in statement of financial position as follows:
HBT Group
H-REIT Group
Stapled Group
2014
2013
2014
2013
2014
2013
$’000
$’000
$’000
$’000
$’000
$’000
Deferred tax assets
–
–
(1,018)
–
(1,018)
–
Deferred tax liabilities
–
–
11,574
–
11,521
–
–
–
10,556
–
10,503
–
Unrecognised deferred tax assets
Deferred tax assets have not been recognised in respect of these items because it is not probable that future
taxable profit will be available against which the H-REIT Group and the Stapled Group can utilise the benefits
therefrom.
HBT Group
H-REIT Group
Stapled Group
2014
2013
2014
2013
2014
2013
$’000
$’000
$’000
$’000
$’000
$’000
Tax losses
–
–
–
14,189
–
14,189
Tax losses are subject to agreement by the tax authorities and compliance with tax regulations in the respective
countries in which the subsidiaries operate.
15 TRADE AND OTHER PAYABLES
HBT Group
H-REIT Group
Stapled Group
2014
2013
2014
2013
2014
2013
$’000
$’000
$’000
$’000
$’000
$’000
Trade payables to:
- related corporations of
the H-REIT Manager
–
–
121
159
121
159
- the H-REIT Manager
–
–
1,762
748
1,762
748
- related entities
4,091
–
991
–
–
–
- the HBT Trustee- Manager
24
–
–
–
24
–
- third parties
1,925
–
6,296
4,112
8,221
4,112
Other payables to:
- the H-REIT Manager
–
–
244
33
244
33
- related entities
265
–
–
–
–
–
- third parties
952
254
9,561
8,702
10,513
8,702
Accrued operating expenses
1,390
3
14,585
5,182
15,975
5,185
Rental deposits
–
–
1,026
1,412
1,026
1,412
Interest payable
–
–
1,765
1,981
1,765
1,981
8,647
257
36,351
22,329
39,651
22,332
NOTES TO THE FINANCIAL STATEMENTS
