Annual Report 2012 - singapore land limited

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Singapore Land Limited - Annual Report 2012
NOTES TO THE FINANCIAL STATEMENTS
For the fi nancial year ended 31 December 2012
23. DEFERRED INCOME TAXES (continued)
The movements in the deferred income tax assets and liabilities (prior to offsetting of balances within the same tax
jurisdiction) during the fi nancial year are as follows:
The Group
Deferred income tax liabilities
Deferred Fair Accelerated
development value tax
profits gain depreciation Total
$’000 $’000 $’000 $’000
2012
Beginning of fi nancial year
- as previously reported 11,504 460,135 25,850 497,489
- effect of adopting FRS 12 - (434,435) - (434,435)
Beginning of fi nancial year, as restated 11,504 25,700 25,850 63,054
Credited to income statement (11,504) (420) (875) (12,799)
Overprovision in prior fi nancial years - - (3,667) (3,667)
End of fi nancial year - 25,280 21,308 46,588
2011 (restated)
Beginning of fi nancial year
- as previously reported 3,049 439,072 25,939 468,060
- effect of adopting FRS 12 - (412,952) - (412,952)
Beginning of fi nancial year, as restated 3,049 26,120 25,939 55,108
Charged/(Credited) to income statement 8,455 (420) (562) 7,473
Underprovision in prior fi nancial years - - 473 473
End of fi nancial year 11,504 25,700 25,850 63,054
2010 (restated)
Beginning of fi nancial year
- as previously reported - 351,508 19,760 371,268
- effect of adopting FRS 12 - (323,813) - (323,813)
Beginning of fi nancial year, as restated - 27,695 19,760 47,455
Charged/(Credited) to income statement 3,049 (420) 338 2,967
(Over)/Underprovision in prior fi nancial years - (1,155) 5,841 4,686
End of fi nancial year 3,049 26,120 25,939 55,108