Directors - Boustead Holdings Berhad

32. DEFERRED TAXATION (cont’d.)
The deferred tax asset of the Company is in respect of provisions and tax incentives. The components
and movements of deferred tax liabilities and assets for the Group during the financial year prior to
offsetting are as follows:
Surplus On Capital
Revaluation Allowances Others Total
RM’000 RM’000 RM’000 RM’000
Deferred tax liabilities of the Group:
At 1 January 2006
As previously stated (6,400) (29,484) (2,111) (37,995)
Effects of adopting FRS 140 (1,029) –– –– (1,029)
As restated (7,429) (29,484) (2,111) (39,024)
Recognised in the income statement (20,555) (8,639) (8,677) (37,871)
Credited to equity 3,017 1,280 –– 4,297
At 31 December 2006 (24,967) (36,843) (10,788) (72,598)
At 1 January 2005 (5,758) (16,099) (1,412) (23,269)
Recognised in income statement 908 6,717 (699) 6,926
Acquisition of Subsidiaries (1,550) (20,102) –– (21,652)
At 31 December 2005 (6,400) (29,484) (2,111) (37,995)
Tax
Unabsorbed
Capital
Losses Allowances Others Total
RM’000 RM’000 RM’000
Deferred tax assets of the Group:
At 1 January 2006 42,787 3,091 9,222 55,100
Recognised in the income statement (3,874) 11,863 19,755 27,744
At 31 December 2006 38,913 14,954 28,977 82,844
At 1 January 2005 45,767 5,404 –– 51,171
Acquisition of Subsidiaries –– –– 8,647 8,647
Recognised in income statement (2,980) (2,313) 575 (4,718)
At 31 December 2005 42,787 3,091 9,222 55,100
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