2006 - TCL Communication Technology Holdings Limited

More documents

Recommendations

Info

TCL COMMUNICATION TECHNOLOGY HOLDINGS LIMITED Notes to Financial Statements 31 December 2006 29. RETIREMENT INDEMNITIES Retirement indemnities in respect of the defined benefits scheme plan for the year ended 31 December 2006 amounted to HK$496,000 (2005: HK$908,000). Group 2006 2005 HK$’000 HK$’000 Present value of fund obligation 496 908 Unrealized actuarial losses – – Retirement indemnities 496 908 Movement of retirement indemnities is as follows: Group 2006 2005 HK$’000 HK$’000 Balance at beginning of year 908 45,030 Benefit expenses reversed in the consolidated results (note 9) (454) (40,349) Exchange realignment 42 (3,773) Balance at end of year 496 908 The Group does not have any unfunded obligations. The main assumptions used in the retirement indemnity computation for the defined benefit plan are as follows: Group 2006 2005 Discount rate 4.5% 3.8% Future salary increase per annum 5.0% 5.0% 30. LONG SERVICE MEDALS T&A Mobile Phones SAS provides for the probable future long service medals expected to be made to employees. The provision is based on the best estimate of the probable future payments which have been earned by the employees from their service to T&A Mobile Phones SAS to the balance sheet date. 94 Annual Report 2006
TCL COMMUNICATION TECHNOLOGY HOLDINGS LIMITED Notes to Financial Statements 31 December 2006 31. DEFERRED TAX ASSETS Group: Provision Impairment Advertising Product against for property, and warranty inventory plant and promotion provision obsolescence equipment Tax losses accruals Total HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 At 1 January 2006 3,630 4,524 242 419 – 8,815 Exchange realignment 128 159 9 14 3 313 Deferred tax credited/(charged) to income statement during the year (note 12) (3,758) (4,683) (251) 7,849 2,355 1,512 Net deferred tax assets at 31 December 2006 – – – 8,282 2,358 10,640 At 31 December 2006, there was no significant unrecognised deferred tax liability (2005: Nil) for taxes that would be payable on the unremitted earnings of certain of the Group’s subsidiaries as the Group has no liability to additional tax should such amounts be remitted. The Group has tax losses of HK$1,902,811,000 (2005: HK$2,591,278,000) that are available for offsetting against future taxable profits of the companies in which the losses arose. Deferred tax assets have not been recognised in respect of these losses as they have arisen in subsidiaries that have been loss-making for some time and it is not considered probable that taxable profits will be available against which the tax losses can be utilised. Provision Impairment Product against for property, warranty inventory plant and provision obsolescence equipment Tax losses Total HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 At 1 January 2005 9,445 4,524 242 419 14,630 Exchange realignment (61) – – – (61) Deferred tax charged to income statement during the year (note 12) (5,754) – – – (5,754) Net deferred tax assets at 31 December 2005 3,630 4,524 242 419 8,815 Annual Report 2006 95
Page 1 and 2:
TCL COMMUNICATION TECHNOLOGY HOLDIN
Page 3 and 4:
e EYE-CATCHING Contents Financial H
Page 5 and 6:
Page 7 and 8:
Page 9 and 10:
One of the winning factors in the m
Page 11 and 12:
Page 13 and 14:
TIME for style We believe that styl
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Attraction TALKS We offer a wide ra
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 29 and 30:
Page 31 and 32:
Page 33 and 34:
Page 35 and 36:
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
Page 45 and 46: TCL COMMUNICATION TECHNOLOGY HOLDIN
Page 95: TCL COMMUNICATION TECHNOLOGY HOLDIN
Page 111 and 112: Designed & Produced by Capital Fina
show all

2006 - TCL Communication Technology Holdings Limited

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?