NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2014
Financial Statements
127
Annual Report 2014
29.
Deferred income taxes
(continued)
The movements in the deferred income tax assets and liabilities (prior to offsetting of balances within the
same tax jurisdiction) during the financial year were as follows:
The Group
Deferred income tax liabilities
2014
2013
$’000
$’000
Accelerated tax depreciation
Beginning of financial year
130
130
Charged to profit or loss
4
–
End of financial year
134
130
Fair value gain
Beginning of financial year
82
102
Currency translation differences
2
11
Charged/(credited) to other comprehensive income
(Note 31(b)(v))
83
(31)
End of financial year
167
82
Undistributed profits of foreign subsidiaries
Beginning of financial year
398
7,302
Currency translation differences
12
137
Charged/(credited) to profit or loss
294
(7,041)
End of financial year
704
398
Total
Beginning of financial year
610
7,534
Currency translation differences
14
148
Charged/(credited) to profit or loss
298
(7,041)
Charged/(credited) to other comprehensive income
83
(31)
End of financial year
1,005
610
Reconciliation of total deferred income tax liabilities after appropriate offsetting from the same tax
jurisdiction is as follows:
The Group
2014
2013
$’000
$’000
Total deferred income tax liabilities
1,005
610
Offsetting of deferred income tax assets from the same tax jurisdiction
(168)
(82)
Total deferred income tax liabilities after appropriate offsetting
from the same tax jurisdiction
837
528
