FRENCKEN GROUP LIMITED
ANNUAL REPORT 2015
100
NOTES TO FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015 (CONT’D)
28 DEFERRED INCOME TAX (CONT’D)
The movements in the deferred income tax assets and liabilities (prior to offsetting of balances within the same tax
jurisdiction) during the financial year are as follows:
The Group
Deferred income tax liabilities
2015
2014
Accelerated
tax
depreciation
$’000
Others
$’000
Unremitted
earnings
$’000
Total
$’000
Accelerated
tax
depreciation
$’000
Others
$’000
Unremitted
earnings
$’000
Total
$’000
Balance at beginning
of financial year
1,935 1,807
93 3,835
1,780 1,192
250 3,222
Reclassifications
194 559
210
963
-
-
-
-
Currency translation
differences
(157)
(44)
-
(201)
(42)
(86)
-
(128)
Utilisation
-
(195)
(93)
(288)
-
(170)
(188)
(358)
Charged (Credited) to
income statement
(951)
207
35
(709)
197
871
31 1,099
Balance at end of
financial year
1,021 2,334
245 3,600
1,935 1,807
93 3,835
Deferred income tax assets
Unutilised
tax losses
$’000
Accruals
$’000
Reinvestment
allowance
$’000
Capital
allowance
$’000
Total
$’000
2015
Balance at beginning of financial year
(220)
(927)
-
-
(1,147)
Reclassifications
(655)
-
(306)
(2)
(963)
Currency translation differences
8
(15)
-
-
(7)
Charged(Credited) to income
statement
(77)
(426)
112
2
(389)
Balance at end of financial year
(944)
(1,368)
(194)
-
(2,506)
2014
Balance at beginning of financial year
(276)
(889)
-
-
(1,165)
Currency translation differences
(9)
(20)
-
-
(29)
Charged(Credited) to income
statement
65
(18)
-
-
47
Balance at end of financial year
(220)
(927)
-
-
(1,147)
Deferred income tax assets are recognised for unutilised tax losses, unutilised capital allowances and unutilised
reinvestment allowances carried forward to the extent that realisation of the related income tax benefits through
future taxable profits is probable.
