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NOTES TO THE ACCOUNTS<br />
24. Provisions and other liabilities (Cont’d)<br />
24.3Finance lease liabilities (Cont’d)<br />
90 <strong>Johnson</strong> <strong>Electric</strong> Holdings Limited<br />
2006 2005<br />
US$’000 US$’000<br />
Not later than 1 year 1,279 –<br />
Later than 1 year and not later than 5 years 6,558 –<br />
Later than 5 years 8,604 –<br />
16,441 –<br />
Future finance charges on finance leases (7,780) –<br />
Present value of finance lease liabilities 8,661 –<br />
The present value of finance lease liabilities is as follows:<br />
Not later than 1 year 293 –<br />
Later than 1 year and not later than 5 years 2,277 –<br />
Later than 5 years 6,091 –<br />
25. Deferred income tax<br />
The gross movement on the deferred income tax account is as follows:<br />
8,661 –<br />
2006 2005<br />
(Restated)<br />
US$’000 US$’000<br />
At beginning of year, as previously reported 7,421 12,638<br />
Adoption of HKAS-Int 21 – (1,376)<br />
7,421 11,262<br />
Exchange adjustments 1,271 (16)<br />
Acquisitions of subsidiaries (note 42) (67,846) (6)<br />
Transfer to profit and loss account (note 34) 6,396 (3,819)<br />
Taxation charged to equity (2,649) –<br />
At end of year (55,407) 7,421
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