Mandarin Oriental International Limited - Mandarin Oriental Hotel ...

13 Deferred tax continued
Expiry dates for deferred tax assets not recognized in relation to tax losses:
2005 2004
US$m US$m
Within one year – 0.6
Between two and five years 0.3 1.8
Over five years 2.4 13.1
With no expiry dates 15.5 15.7
18.2 31.2
Deferred tax assets of US$8.2 million (2004: US$6.3 million) have not been recognized in relation to temporary
differences in subsidiaries.
Deferred tax liabilities have not been established for withholding taxes that would be payable on the unremitted
earnings of certain subsidiaries as there is no current intention of remitting the retained earnings to the holding
companies.
14 Debtors and prepayments
Trade debtors 25.6 20.9
Provision for doubtful debts (0.4) (0.5)
Trade debtors – net 25.2 20.4
Other debtors 11.3 12.0
Prepayments 8.2 11.1
Amounts due from associates 2.6 3.2
Amounts due from joint ventures 10.5 10.2
Rental and other deposits 1.2 1.0
15 Creditors and accruals
59.0 57.9
Trade creditors 28.9 21.6
Accruals 43.2 35.8
Deposits accepted 6.7 6.6
Other creditors 1.5 1.1
80.3 65.1
ANNUAL REPORT 2005 55