WCT-Page 30 to ProxyForm (2.4MB).pdf - Announcements - Bursa ...
WCT-Page 30 to ProxyForm (2.4MB).pdf - Announcements - Bursa ...
WCT-Page 30 to ProxyForm (2.4MB).pdf - Announcements - Bursa ...
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162<br />
<strong>WCT</strong> Berhad (66538-K)<br />
annual report 2011<br />
NOTES TO THE FINANCIAL STATEMENTS<br />
31 December 2011<br />
cont’d<br />
34. DEFERRED TAXATION cont’d<br />
The components and movements of deferred tax liabilities and assets during the financial year prior <strong>to</strong> offsetting are<br />
as follows:<br />
Deferred tax liabilities of the Group:<br />
Land held for<br />
property<br />
development<br />
and property<br />
development<br />
costs Revaluation<br />
Accelerated<br />
capital<br />
allowances Total<br />
RM'000 RM'000 RM'000 RM'000<br />
At 1 January 2010 (1,416) (1,998) 15,937 12,523<br />
Recognised in the income statement 1,112 11,700 8,640 21,452<br />
At 31 December 2010 (<strong>30</strong>4) 9,702 24,577 33,975<br />
Recognised in the income statement 1,138 3,265 3,135 7,538<br />
Recognised in equity - 3,491 - 3,491<br />
At 31 December 2011 834 16,458 27,712 45,004<br />
Deferred tax assets of the Group:<br />
Provision for<br />
foreseeable<br />
losses<br />
Other<br />
payables<br />
Unused tax<br />
losses and<br />
unabsorbed<br />
capital<br />
allowances Total<br />
RM'000 RM'000 RM'000 RM'000<br />
At 1 January 2010 (2,260) (4,622) (15,701) (22,583)<br />
Recognised in the income statement 1,183 1,899 3,691 6,773<br />
At 31 December 2010 (1,077) (2,723) (12,010) (15,810)<br />
Recognised in the income statement 999 (1,745) (1,767) (2,513)<br />
At 31 December 2011 (78) (4,468) (13,777) (18,323)
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