HUTCHISON PORT HOLDINGS TRUST 166 NOTES TO THE FINANCIAL STATEMENTS 18 Deferred tax (continued) Notes: (continued) (b) Deferred tax assets are recognised for tax losses carried forward to the extent that realisation of the related tax benefi t through the future taxable profi t is probable. The Group has unrecognised tax losses of HK$280,461,000 at 31 December 2025 (31 December 2024: HK$301,706,000) to carry forward against future taxable income. Of these, HK$245,490,000 can be carried forward indefi nitely (31 December 2024: HK$268,447,000). The remaining HK$34,971,000 (31 December 2024: HK$33,259,000) expires in the following years: 2025 2024 HK$’000 HK$’000 In the fi rst year 458 9,097 In the second year 3,904 479 In the third year 16,788 3,728 In the fourth year 3,577 16,496 In the fi fth year 10,244 3,459 34,971 33,259 (c) Deferred tax liabilities are calculated in full on temporary diff erences under the liabilities method using the tax rate of the countries in which the Group operated. The temporary diff erences mainly include accelerated depreciation allowances, fair value adjustments arising from acquisitions, withholding taxes arising from unremitted earnings and other timing diff erences between accounting and taxation rules on income or expense recognition. (d) Deferred tax assets and liabilities are expected to be recovered or settled mostly after more than twelve months. 19 Cash and bank balances Group 2025 2024 HK$’000 HK$’000 Cash and cash equivalents Cash at bank and on hand 2,233,572 1,952,412 Short-term bank deposits maturing within three months 6,448,319 6,185,721 8,681,891 8,138,133 Short-term bank deposits maturing more than three months 68,250 – Cash and bank balances 8,750,141 8,138,133 Trust 2025 2024 HK$’000 HK$’000 Cash and cash equivalents Cash at bank and on hand 5,155 3,679
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