Wellcom_FY11-Financial-Report

Income taxes continued for personal use only 2010

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Unformatted text preview: (596) 12 1,034 222 266 25 59 1,618 387 13 67 467 (387) (13) (67) (467) 9 9 9 9 45 Wellcom Group Limited Notes to the Consolidated Financial Statements 4. Income taxes (continued) For personal use only 2010 Opening balance $’000 (10) 84 6 (72) (14) 37 48 79 62 1,020 135 18 37 476 1,748 391 8 22 2 214 7 644 Gross deferred tax liabilities: Property, plant and equipment Intangible assets Doubtful debts Provisions Investments in joint venture Leased assets Closing balance $’000 72 936 129 72 32 428 1,669 Gross deferred tax assets: Doubtful debts Provisions Accruals Share issue costs Lease incentive Property, plant and equipment Tax losses Charged/ Credited to Income $’000 (4) (8) (9) (2) (147) (7) (177) 387 13 67 467 2011 $’000 2010 $’000 729 153 - 138 - 41 - (d) Tax losses Unused tax losses for which no deferred tax asset has been recognised Potential tax benefit The above tax losses relate to overseas subsidiaries. (e) Unrecognised temporary differences Temporary difference relating to investments in subsidiaries for which Deferred tax liabilities have not been recognised: Foreign currency translation Unrecognised deferred tax liabilities relating to the above A deferred tax liability has not been recognised in respect of t...
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This document was uploaded on 02/06/2014.

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