EAPCC_Annual_Report_.. - Investing In Africa
EAPCC_Annual_Report_.. - Investing In Africa
EAPCC_Annual_Report_.. - Investing In Africa
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2010/2011<br />
EAST AFRICAN PORTLAND CEMENT COMPANY LIMITED<br />
ANNUAL REPORT AND FINANCIAL STATEMENTS<br />
NOTES TO THE FINANCIAL STATEMENTS (continued)<br />
FOR THE YEAR ENDED 30 JUNE 2011<br />
19. DEFFERED TAX<br />
Movements in deferred tax during the year were as follows:-<br />
Statement of<br />
At 1 July comprehensive<br />
income<br />
At 30 June 2010<br />
2009<br />
KShs’000 KShs’000 KShs’000<br />
Deferred tax liabilities<br />
Property, plant and equipment 1,623,111 4,264 1,672,375<br />
Unrealised exchange gain 35,706 (35,706) -<br />
Overprovision in previous year (4,347) 4,347 -<br />
1,654,470 (27,095) 1,627,375<br />
Deferred tax assets<br />
Tax loss (business) (211,639) (98,134) (309,773)<br />
Tax loss (farming) (4,297) (2,221) (6,518)<br />
Provision for staff leave (17,594) (4,375) (21,969)<br />
Provision for staff gratuity (124,895) (6,343) (131,238)<br />
Provision for bonus - (22,198) (22,198)<br />
Unrealised exchange loss (237,959) 102,000 (135,959)<br />
(596,384) (31,271) (627,655)<br />
Balance as at 30 June 1,058,086 (58,366) 999,720<br />
64<br />
EAST AFRICAN PORTLAND CEMENT COMPANY LIMITED<br />
ANNUAL REPORT AND FINANCIAL STATEMENTS 2010/2011
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