TPSEAL 2010 Financial Results. - Serena Hotels
TPSEAL 2010 Financial Results. - Serena Hotels
TPSEAL 2010 Financial Results. - Serena Hotels
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Notes to the <strong>Financial</strong> Statements (continued)<br />
15 Deferred income tax (continued)<br />
Deferred Income Tax - Group<br />
Consolidated deferred income tax assets and liabilities, deferred income tax charge/(credit) in the income statement and<br />
deferred income tax charge/(credit) in equity are attributable to the following items:<br />
Year ended 31 December <strong>2010</strong> 1.1.<strong>2010</strong> Charge/ Charge to equity Translation 31.12.<strong>2010</strong><br />
(credit) to P/L<br />
differences<br />
Shs’000 Shs’000 Shs’000 Shs ‘000 Shs’000<br />
Deferred income tax liabilities<br />
Property, plant & equipment<br />
- on historical cost 316,830 43,358 - - 360,188<br />
- on revaluation surplus 541,399 (7,885) 773,272 - 1,306,786<br />
Unrealised exchange gains 30,405 8,205 - - 38,610<br />
Accelerated tax depreciation 40,702 - - - 40,702<br />
Other deductible temporary differences (159,215) 162,113 - (6) 2,892<br />
770,121 205,791 773,272 (6) 1,749,178<br />
Deferred income tax assets<br />
Tax losses carried forward (157,090) (136,630) - - (293,720)<br />
Provisions (34,711) (978) - - (35,689)<br />
Under provision in the year (2) - - - (2)<br />
(191,803) (137,608) - - (329,411)<br />
Net deferred income tax liability 578,318 68,183 773,272 (6) 1,419,767<br />
66 TPS EASTERN AFRICA LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS <strong>2010</strong>
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