Singapore Press Holdings annual report 2011 Singapore Press ...

Notes to the
Financial StatementS
August 31, 2011
120 Singapore Press Holdings annual report 2011
6. INCOME TAXES (CONT’D)
(a)
Deferred income taxes (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:
2011
Group
(i)
Deferred income tax liabilities
Accelerated Fair
Tax Value
Depreciation Changes Others Total
S$’000 S$’000 S$’000 S$’000
Beginning of financial year 57,379 337 2,746 60,462
(Credited)/Charged to
income statement (4,426) - 592 (3,834)
Credited to equity
[Note 5(b) and 5(c)] - (337) - (337)
Acquisition of business by
a subsidiary [Note 20(b)] 72 - - 72
Disposal of a subsidiary
[Note 20(c)] (3) - - (3)
Currency translation differences (217) - - (217)
End of financial year 52,805 - 3,338 56,143
(ii)
Deferred income tax assets
Fair
Value
Provisions Changes Others Total
S$’000 S$’000 S$’000 S$’000
Beginning of financial year (3,797) (2,440) (64) (6,301)
Charged to income statement 148 - 64 212
Credited to equity [Note 5(b) and 5(c)] - (596) - (596)
Currency translation differences 23 - - 23
End of financial year (3,626) (3,036) - (6,662)