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ANNUAL REPORT 2014
73Notes to the Financial Statements Statement of Financial Position
18. Deferred taxation (continued)
Deferred tax assets are recognised in respect of tax losses carried forward to the extent that realisation of the related
tax benefits through future taxable profits is probable. The Group has unrecognised tax losses of HK$12,424 million
(2013: HK$12,078 million) to carry forward against future taxable income. These amounts are analysed as follows:
Group
Unrecognised tax losses
2014
HK$M
2013
HK$M
No expiry date 8,444 8,089
Expiring beyond 2025 3,980 3,989
12,424 12,078
The provision in respect of certain lease arrangements equates to payments which are expected to be made during the
years 2016 to 2025 (2013: 2015 to 2024) as follows:
Group Company
2014
HK$M
2013
HK$M
2014
HK$M
2013
HK$M
After one year but within five years 2,096 1,470 2,096 1,470
After five years but within 10 years 5,173 4,433 5,173 4,433
After 10 years 947 1,170 947 1,170
8,216 7,073 8,216 7,073
19. Trade, other receivables and other assets
Group Company
2014
HK$M
2013
HK$M
2014
HK$M
2013
HK$M
Trade debtors 5,527 5,421 4,900 4,656
Derivative financial assets – current portion 891 2,022 812 2,022
Other receivables and prepayments 4,050 2,314 3,799 1,713
Due from associates and other related companies 123 70 88 30
10,591 9,827 9,599 8,421
As at 31st December 2014, total derivative financial assets of the Group and the Company which did not qualify for
hedge accounting amounted to HK$1,315 million and HK$1,315 million respectively (2013: HK$1,329 million and
HK$1,329 million).
Group Company
2014
HK$M
2013
HK$M
2014
HK$M
2013
HK$M
Analysis of trade debtors (net of allowance for
 doubtful debts) by age:
Current 5,379 5,319 4,761 4,575
One to three months overdue 96 86 89 65
More than three months overdue 52 16 50 16
5,527 5,421 4,900 4,656
The overdue trade debtors are not impaired and relate to a number of independent customers for whom there is no
recent history of default.