157
Annual Report 2015
14 DEFERRED TAX (CONT’D)
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
2015
2014
2015
2014
2015
2014
$’000
$’000
$’000
$’000
$’000
$’000
Tax losses
16
–
1,189
–
1,205
–
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
2015
2014
2015
2014
2015
2014
$’000
$’000
$’000
$’000
$’000
$’000
Trade payables to:
- related corporations of the
H-REIT Manager
–
–
110
121
110
121
- the H-REIT Manager
–
–
–
1,762
–
1,762
- related entities
2,816
4,091
–
991
–
–
- the HBT Trustee-Manager
–
24
–
–
–
24
- third parties
1,353
1,925
4,661
6,296
6,014
8,221
Other payables to:
- the H-REIT Manager
5
–
37
244
42
244
- related entities
506
265
2,869
–
222
–
- loan from H-REIT (Note 9)
135,742
–
–
–
–
–
- third parties
229
952
7,611
9,561
7,840
10,513
Accrued operating expenses
6,269
1,390
9,214
14,585
15,483
15,975
Rental deposits
211
–
132
1,026
343
1,026
Interest payable
–
–
2,185
1,765
2,185
1,765
147,131
8,647
26,819
36,351
32,239
39,651
Non-current
135,742
–
–
–
–
–
Current
11,389
8,647
26,819
36,351
32,239
39,651
147,131
8,647
26,819
36,351
32,239
39,651
Outstanding balances with the related corporations of H-REIT Manager and related entities are unsecured, interest-free
and repayable on demand. Loan from H-REIT is unsecured and bears interest ranging from 1.52% to 1.67% per annum
for a tenure of 6 years (Note 9).
Other payables in the H-REIT Group mainly relate to the remaining purchase consideration payable for the acquisition of
a subsidiary in prior years of $7,374,000 (2014: $7,374,000).
Included in accrued operating expenses of the H-REIT Group are the following:
-
amounts due to the H-REIT Trustee and H-REITManager of $46,000 (2014: $45,000) and $217,000 (2014: $2,006,000)
respectively; and
-
amounts due to related corporations of the H-REIT Manager of $4,665,000 (2014: $2,024,000).
NOTES TO THE FINANCIAL STATEMENTS
