Annual - Johnson Electric

NOTES TO THE ACCOUNTS
25. Deferred income tax (Cont’d)
The deferred income tax charged to equity during the year is as follows:
Fair value reserves in shareholders’ equity
92 Johnson Electric Holdings Limited
2006 2005
US$’000 US$’000
– hedging reserve (1,177) –
– other reserve (414) –
Actuarial gains of defined benefit plan upon the adoption
of HKAS 19 (Amendment) (1,058) –
(2,649) –
Deferred income tax assets are recognised for tax losses carried forward to the extent that it is probable that future
taxable profit will be available against which the unused tax losses can be utilised. The Group has unrecognised tax
losses of US$12,718,000 (2005: US$7,834,000) to carry forward against future taxable income. Out of the
unrecognised tax losses, US$896,000 (2005: US$1,665,000) will expire from March 2010 to March 2011.
26. Share capital
Number of Ordinary Share Treasury
shares shares premium shares Total
(thousands) US$’000 US$’000 US$’000 US$’000
As at 1st April 2004 and 2005 3,673,789 5,925 77,855 – 83,780
Treasury shares purchased (2,480) – – (2,368) (2,368)
As at 31st March 2006 3,671,309 5,925 77,855 (2,368) 81,412
The total authorised number of ordinary shares is 7,040,000,000 shares (2005: 7,040,000,000) with a par value of
HK$0.0125 per share (2005: HK$0.0125 per share). All issued shares are fully paid.
The Company acquired 2,480,000 of its own shares through purchases on the Stock Exchange in the year 2005/06.
The total amount paid to acquire the shares was US$2,368,000 and has been deducted from shareholders’ equity.
The shares are held as “treasury shares”.