Pg 147 - Berjaya Corporation Berhad
Pg 147 - Berjaya Corporation Berhad
Pg 147 - Berjaya Corporation Berhad
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>Berjaya</strong> Land <strong>Berhad</strong> (201765-A)<br />
Annual Report 2005<br />
77<br />
24 DEFERRED TAX (CONT’D)<br />
Deferred tax assets have not been recognised in respect of the following items:<br />
Group<br />
Company<br />
2005 2004 2005 2004<br />
RM’000 RM’000 RM’000 RM’000<br />
Unused tax losses 311,175 312,110 - -<br />
Unabsorbed capital allowances 176,649 170,096 11,811 11,483<br />
Unabsorbed investment tax allowances 157,044 156,221 - -<br />
Others 132 11,935 52 -<br />
645,000 650,362 11,863 11,483<br />
The unused tax losses, unabsorbed capital allowances and investments tax allowances are available indefinitely for offset against<br />
future taxable profit of the Company and its respective subsidiaries.<br />
25 REVENUE<br />
Group<br />
Revenue represents gross stake collection from the sale of betting tickets less gaming tax, sale of betting terminals net of discounts,<br />
invoiced value of goods sold less returns and trade discounts, invoiced value of services rendered, a proportion of contractual sales<br />
revenue determined by reference to the percentage of completion of the development properties, sale of property inventories, rental<br />
income, revenue from hotel and resort operations, membership fees from vacation time-share and recreational activities and net house<br />
takings from casino operations. Intra group transactions are excluded.<br />
The main categories of revenue are as follows:<br />
2005 2004<br />
RM’000 RM’000<br />
Gaming and related activities 109,395 156,660<br />
Contract revenue and sale of property inventories 184,828 258,595<br />
Invoiced value of goods and services sold<br />
from hotel, resort and theme park operations 224,663 201,988<br />
Income from investment properties 48,552 47,514<br />
Net house takings from casino operations 9,071 11,430<br />
Membership fees and subscriptions 92,442 100,717<br />
668,951 776,904<br />
Company<br />
Revenue represents management fees charged to subsidiary companies, gross dividend received and receivable from subsidiary and<br />
associated companies and other investments and share administration fee income. The details of which are as follows:<br />
2005 2004<br />
RM’000 RM’000<br />
Gross dividend received and receivable 120,206 153,065<br />
Management fees 1,180 1,180<br />
Share administration fee income 1,187 1,538<br />
122,573 155,783