Annual - Johnson Electric

25. Deferred income tax (Cont’d)
The movement in deferred tax assets / (liabilities) during the year is as follows:
NOTES TO THE ACCOUNTS
Accelerated tax Impairment of
Provisions depreciation assets Tax losses Fair value gain Others Total
2006 2005 2006 2005 2006 2005 2006 2005 2006 2005 2006 2005 2006 2005
US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
At beginning of year,
as previously reported (3,904 ) (2,562 ) (21,414 ) (19,017 ) 2,630 3,702 29,946 29,363 (1,376 ) – 1,539 1,152 7,421 12,638
Adoption of HKAS-Int 21 – – – – – – – – – (1,376 ) – – – (1,376 )
Increase in deferred income
tax assets / liabilities
Exchange adjustments
Credited / (charged) to
(64 ) (424 ) – – 14 – 507 430 – – – – 457 6
profit and loss account – (918 ) – (2,391 ) 1,865 – – 153 – – – 409 1,865 (2,747 )
Taxation charged to equity (1,058 ) – – – – – – – (1,591 ) – – – (2,649 ) –
Acquisitions of subsidiaries – – (8,421 ) (6 ) – – 3,165 – (64,939 ) – – – (70,195 ) (6 )
Decrease in deferred income
tax assets / liabilities
(1,122 ) (1,342 ) (8,421 ) (2,397 ) 1,879 – 3,672 583 (66,530 ) – – 409 (70,522 ) (2,747 )
Exchange adjustments
Credited / (charged) to
– – 459 – – – – – 1,087 – (732 ) (22 ) 814 (22 )
profit and loss account 9,375 – 2,870 – – (1,072 ) (4,624 ) – 503 – (3,593 ) – 4,531 (1,072 )
Taxation charged to equity – – – – – – – – – – – – – –
Acquisitions of subsidiaries 3,109 – – – (604 ) – – – – – (156 ) – 2,349 –
12,484 – 3,329 – (604 ) (1,072 ) (4,624 ) – 1,590 – (4,481 ) (22 ) 7,694 (1,094 )
At end of year 7,458 (3,904 ) (26,506 ) (21,414 ) 3,905 2,630 28,994 29,946 (66,316 ) (1,376 ) (2,942 ) 1,539 (55,407 ) 7,421
Analysed as:
Deferred income tax assets 9,058 2,739 (6,014 ) (6,543 ) 3,905 2,630 26,041 29,946 – – (328 ) 1,917 32,662 30,689
Deferred income tax liabilities (1,600 ) (6,643 ) (20,492 ) (14,871 ) – – 2,953 – (66,316 ) (1,376 ) (2,614 ) (378 ) (88,069 ) (23,268 )
7,458 (3,904 ) (26,506 ) (21,414 ) 3,905 2,630 28,994 29,946 (66,316 ) (1,376 ) (2,942 ) 1,539 (55,407 ) 7,421
Johnson Electric Holdings Limited 91