18 DEFERRED TAX CONTINUED¡
Notes (Continued):
(c) Deferred tax liabilities are calculated in full on temporary di
erences under the liabilities method using the tax rate of
the countries in which the Group operated. The temporary di
erences are for accelerated depreciation allowances, fair
value adjustments arising from acquisitions and withholding taxes arising from unremitted earnings.
(d) Deferred tax assets and liabilities are expected to be recovered or settled mostly after more than twelve months.
19 CASH AND CASH EQUIVALENTS
Group
2015
2014
HK$’000
HK$’000
Cash at bank and on hand
472,085
325,743
Short-term bank deposits
6,368,725
7,473,063
6,840,810
7,798,806
Trust
2015
2014
HK$’000
HK$’000
Cash at bank and on hand
3,723
2,133
Cash and cash equivalents are denominated in the following currencies:
Group
2015
2014
Percentage
Percentage
Hong Kong dollar
60%
60%
Renminbi
14%
26%
United States dollar
26%
14%
100%
100%
Trust
2015
2014
Percentage
Percentage
Hong Kong dollar
72%
49%
United States dollar
3%
30%
Singapore dollar
25%
21%
100%
100%
The carrying amounts of cash and cash equivalents approximate their fair values. The maximum exposure to credit risk is the
carrying amounts of the cash and cash equivalents.
Notes to the
Financial Statements
097
ANNUAL REPORT 2015
HUTCHISON PORT HOLDINGS TRUST
