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