Annual Report 2011 - Goodbaby International Holdings Limited

NOTES TO FINANCIAL STATEMENTS
31 December 2011
29. DEFERRED TAX
The movements in deferred tax assets and liabilities of the Group during the year are as follows:
Deferred tax assets - Group:
Losses
available for
Provision for Derivative offesting
impairment of Write-down of financial against future
receivables inventories Provision instruments Accruals taxable profits Total
(HK$’000) (HK$’000) (HK$’000) (HK$’000) (HK$’000) (HK$’000) (HK$’000)
As at 1 January 2010 1,224 1,752 3,677 – 11,681 – 18,334
(Charged)/credited
to statement of
comprehensive income
(note 12) (1,169) 1,227 453 433 (3,909) – (2,965)
Translation adjustments 36 52 109 – 346 – 543
As at 31 December 2010
and 1 January 2011
Credited/(charged)
to statement of
comprehensive income
91 3,031 4,239 433 8,118 – 15,912
(note 12) 5 207 (2,111) (445) 168 660 (1,516)
Translation adjustments 5 156 165 12 406 13 757
As at 31 December 2011 101 3,394 2,293 – 8,692 673 15,153
The Group has tax losses arising in Mainland China of HK$2,635,000 (2010: HK$0) that will expire
in one to five years for offsetting against future taxable profits.
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