90
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2014
22.
Finance lease liabilities
The Group leases certain plant and equipment, and motor vehicles from non-related parties under
finance leases. The lease agreements do not have renewal clauses but provide the Group with
options to purchase the leased assets at nominal values at the end of the lease term.
Group
2014
2013
$’000
$’000
Minimum lease payments due
- Not later than one year
7,223
7,249
- Between one and five years
8,877
13,818
16,100
21,067
Less: Future finance charges
(910)
(1,144)
Present value of finance lease liabilities
15,190
19,923
The present values of finance lease liabilities are analysed as follows:
- Not later than one year (Note 21)
6,818
7,274
- Between one and five years (Note 21)
8,372
12,649
15,190
19,923
23.
Deferred income taxes
Deferred income tax assets and liabilities are offset when there is a legally enforceable right to
offset 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 balance sheet as follows:
Group
Company
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Deferred income tax assets to be
recovered after one year
(669)
(600)
(524)
(524)
Deferred income tax liabilities to be
settled after one year
5,122
3,738
–
–
4,453
3,138
(524)
(524)
