KOTRA INDUSTRIES BERHAD - Kotra Pharma

KOTRA INDUSTRIES BERHAD
(Incorporated in Malaysia)
Company No. : 497632 – P
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2007
12. DEFERRED TAX (ASSET)/LIABILITY
THE GROUP
2007 2006
RM’000 RM’000
Balance at 1 July 525 1,204
Transfer to income statement (Note 32) (563) (679)
Balance at 30 June (38) 525
The deferred taxation arises as a result of:
Deferred tax liabilities
An excess of carrying value over tax base 2,299 2,161
Development expenditure capitalised 78 69
Gross deferred tax liabilities 2,377 2,230
Deferred tax assets
Unutilised capital and industrial building allowances (744) -
Unabsorbed tax losses (327) (60)
Provision for sales return (195) -
Other deferred tax assets (1,149) (1,645)
Gross deferred tax assets (2,415) (1,705)
Net deferred tax (asset)/liability (38) 525
13. INVENTORIES
THE GROUP
2007 2006
RM’000 RM’000
AT COST:-
Raw materials 5,812 4,851
Work-in-progress 87 192
Finished goods 9,841 8,384
15,740 13,427
None of the inventories are carried at net realisable value.
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