Amtel Holdings Berhad - Company Announcements - Bursa Malaysia

54
NOTES TO THE FINANCIAL STATEMENTS (Cont’d)
23. DEFERRED TAX LIABILITIES
GROUP
2003 2002
RM RM
At beginning of the year 134,759 156,410
Transfer to Income statements (note 27) (52,214) (21,651)
At end of the year 82,545 134,759
This is in respect of estimated tax liabilities arising from temporary differences as follow:-
GROUP
2003 2002
RM RM
Capital allowances claimed on property, plant and
equipment in excess of their depreciation charge 82,545 129,259
Other temporary difference - 5,500
82,545 134,759
The estimated net deferred tax assets arising from temporary differences not recognised in the financial
statements are as follows:-
GROUP COMPANY
2003 2002 2003 2002
RM RM RM RM
Depreciation charge for property,
plant and equipment in excess of their
capital allowances (7,400) (43,300) - -
Unutilised tax losses (7,344,000) (6,831,000) (254,800) (32,400)
Unabsorbed capital allowances (746,900) (986,000) (268,800) (249,800)
Other temporary differences (112,700) (183,700) - -
(8,211,000) (8,044,000) (523,600) (282,200)
Less: Capital allowances claimed on property,
plant and equipment in excess of their
depreciation charge 203,900 112,100 8,000 2,200
Net deferred tax assets (8,007,100) (7,931,900) (515,600) (280,000)
The estimated unutilised tax losses and unabsorbed capital allowances are subject to agreement by the Inland
Revenue Board and are not available for set-off within the Group.
Amtel Holdings Berhad 2003 annual report