Old Chang Kee Ltd - Annual Report 2016 - page 115

113
A N N U A L R E P O R T 2 0 1 6
For the Financial Year Ended 31 March 2016
NOTES TO THE
FINANCIAL STATEMENTS
27. Deferred tax liabilities
Group Company
2016 2015 2016 2015
$’000 $’000 $’000 $’000
Balance at beginning of year 1,082 1,293 – –
Movement in temporary difference 582 (106) – –
Deferred tax on revaluation of freehold land and buildings – (102) – –
Exchange difference (2) (3) – –
Balance at end of year 1,662 1,082 – –
Deferred taxation comprises:
Deferred tax liabilities:
Excess of net book value over tax base of plant and equipment (1,308) (727) – –
Deferred tax on revaluation of freehold land and buildings (402) (402) – –
Exchange difference (1) (3) – –
(1,711) (1,132) – –
Deferred tax assets:
Provisions 49 50 – –
(1,662) (1,082) – –