Annual Report 2018

37 年報 ANNUAL REPORT 2018 管理層論述及分析 MANAGEMENT DISCUSSION AND ANALYSIS Income tax credit Income tax credit amounted to HK$2,436,000 for the year, as compared to the same of HK$6,695,000 last year. The Group has recorded deferred tax credit of HK$2,068,000 for the year (2017: HK$270,000), which was mainly attributable to the depreciation of fixed assets netted off with the impact of revaluation of properties. In respect of income tax rates, JESC, which has been recognised as a state-encouraged high-new technology enterprise starting from 2014 and renewed in 2017, thus entitled to a preferential tax rate of 15% in 2017, 2018 and 2019, subject to annual review by the relevant tax authority in the PRC. There was no change in applicable tax rates of the Company and its subsidiaries during the year. For the Company and subsidiaries operating in Hong Kong, they are subject to Hong Kong Profits Tax at a rate of 16.5% (2017: 16.5%) for the year. No provision for Hong Kong Profits Tax for the years ended 31 December 2017 and 2018 as there is no assessable profit subject to Hong Kong Profits Tax for both years. In addition, according to the EIT Law and Implementation Regulation and the Arrangement between the Mainland of China and the Hong Kong Special Administrative Region for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income, the Group is subject to withholding tax on dividends paid by subsidiaries in the PRC to holding companies in Hong Kong at a rate of 5% (2017: 5%). Trade receivables The amount of trade receivables (before provision of impairment loss) amounted to HK$711,055,000 at 31 December 2018, increased by 0.4% as compared to HK$708,075,000 at 31 December 2017. The amount of provision of impairment loss amounted to HK$20,124,000 at 31 December 2018, increased by 1.9% as compared to HK$19,742,000 at 31 December 2017. The above increase was in line with the revenue growth of 6.7% during the year. 所得稅抵免 於本年度，本集團錄得所得稅抵免共港幣 2,436,000 元，相比去年報港幣 6,695,000 元。本集團於本年度錄得遞延稅項抵免報港 幣 2,068,000 元（二零一七年：港幣 270,000 元），主要歸因於固定資產折舊扣除物業重估。 關於所得稅率方面，嘉興東方自二零一四年起 已被確認為國家鼓勵的高新技術企業，並於二 零一七年更新，因此於二零一七年、二零一八 年及二零一九年享有 15% 的優惠稅率，須經 中國有關稅務機關的年度審核。本公司及其附 屬公司於本年度內的適用稅率並無變動。 就本公司及在香港經營的附屬公司而言，本年 度須繳納 16.5% （二零一七年： 16.5% ）的香港 利得稅。截至二零一七年及二零一八年十二月 三十一日止年度並無就香港利得稅作出撥備， 因兩年均無須繳納香港利得稅的應課稅溢利。 此外，根據中國企業所得稅法及實施細則以及 內地和香港特別行政區關於對所得避免雙重徵 稅和防止偷漏稅的安排，本集團須為中國之附 屬公司向香港之控股公司所支付股息而承擔 5% （二零一七年： 5% ）之預提稅。 應收賬款 於二零一八年十二月三十一日，撇除減值損 失撥備前的應收賬款金額為港幣 711,055,000 元，比於二零一七年十二月三十一日的港幣 708,075,000 元上升 0.4% 。截至二零一八年 十二月三十一日止，減值損失撥備金額為港幣 20,124,000 元，較二零一七年十二月三十一 日的港幣 19,742,000 元增加 1.9% 。上述增加 與本年度收入增長 6.7% 一致。