HAW PAR CORPORATION LIMITED - ANNUAL REPORT 2015 - page 92

For the financial year ended 31 December 2015
90
HAW PAR CORPORATION LIMITED
20. BORROWINGS
The Group
and the Company
2015
2014
$’000
$’000
Current
Bank borrowings
43,547
56,332
The bank borrowings of the Group and the Company are exposed to interest rate changes and contractual repricing in
less than 6 months from the balance sheet date for both financial years.
Bank borrowings and credit facilities of the Group are secured over certain investment properties (Note 11), certain
available-for-sale financial assets (Note 14), and pledged deposits (Note 18).
The carrying value of bank borrowings approximates its fair value.
21. DEFERRED INCOME TAXATION
Deferred income tax assets and liabilities are offset when there is a legally enforceable right to set off current income
tax assets against current income tax liabilities and when the deferred income taxes relate to the same fiscal authority.
The amounts, determined after appropriate offsetting, are shown on the statement of financial position as follows:
The Group
The Company
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Deferred income tax assets
- to be recovered within 12 months
(1,169)
(263)
Deferred income tax liabilities
- to be settled within 12 months
139
387
- to be settled after more than 12 months
47,948
63,457
48,087
63,844
46,918
63,581
NOT E S TO T H E F I NAN C I A L S TAT EME N T S
(CONTINUED)
1...,82,83,84,85,86,87,88,89,90,91 93,94,95,96,97,98,99,100,101,102,...123
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