2004 - Hiap Teck Venture Berhad

18. DEFERRED TAX
GROUP
COMPANY
2004 2003 2004 2003
RM'000 RM'000 RM'000 RM'000
At 1 August
- As previously stated (6,161) (4,813) 19 -
- Prior year adjustment (3,178) (3,178) - -
- As restated (9,339) (7,991) 19 -
Recognised in income statement (Note 25) 2,086 (456) 351 19
Recognised in equity - (892) - -
At 31 July (7,253) (9,339) 370 19
Presented after appropriate offsetting as follows:
Deferred tax assets 1,056 46 370 19
Deferred tax liabilities
Subject to income tax (4,239) (5,315) - -
Subject to capital gain tax (4,070) (4,070) - -
(8,309) (9,385) - -
At 31 July (7,253) (9,339) 370 19
The components and movements of deferred tax liabilities and assets during the financial year prior to offsetting
are as follows:
Deferred Tax Assets of the Group
Unabsorbed
Reinvestment/
Other Other Capital
Investment Payables Allowance Total
RM'000 RM'000 RM'000 RM'000
At 1 August 2002 - (98) 1,141 1,043
Recognised in the income statement - 167 (1,032) (865)
At 31 July 2003 - 69 109 178
Recognised in the income statement 149 760 1,935 2,844
At 31 July 2004 149 829 2,044 3,022
Deferred Tax Liabilities of the Group
Property,
Revaluation Plant and
Reserve Equipment Total
RM'000 RM'000 RM'000
At 1 August 2002 - (5,856) (5,856)
Recognised in the income statement - 409 409
Recognised in equity (892) - (892)
At 31 July 2003
- As previously stated (892) (5,447) (6,339)
- Prior year adjustment (3,178) - (3,178)
- As restated (4,070) (5,447) (9,517)
Recognised in the income statement - (758) (758)
At 31 July 2004 (4,070) (6,205) (10,275)
HIAP TECK VENTURE BERHAD
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