UOB Annual Report 2002 - United Overseas Bank

Notes to the Financial Statements
for the financial year ended 31 December 2002
14 Tax
(b) (continued)
Deferred Tax Assets
2002 2001
Non-Tax
Non-Tax
Deductible
Deductible
General
General
Provisions Others Total Provisions Others Total
$’000 $’000 $’000 $’000 $’000 $’000
The Group
At 1 January
As previously reported – 5,679 5,679 – 4,106 4,106
Prior year adjustment
resulting from
adoption of
revised SAS 12 116,220 – 116,220 63,133 – 63,133
As restated 116,220 5,679 121,899 63,133 4,106 67,239
Currency translation
differences (1,101) (140) (1,241) (673) (3) (676)
Acquisition of subsidiaries – – – 53,760 3,062 56,822
(Charged)/credited to
income statement (4,571) 6,441 1,870 – (1,486) (1,486)
At 31 December 110,548 11,980 122,528 116,220 5,679 121,899
The Bank
At 1 January
As previously reported – 4,180 4,180 – 6,282 6,282
Prior year adjustment
resulting from
adoption of
revised SAS 12 42,710 – 42,710 42,710 – 42,710
As restated 42,710 4,180 46,890 42,710 6,282 48,992
Currency translation
differences – 30 30 – (38) (38)
Transfer from subsidiaries
upon merger 40,276 – 40,276 – – –
(Charged)/credited to
income statement (4,360) 4,925 565 – (2,064) (2,064)
At 31 December 78,626 9,135 87,761 42,710 4,180 46,890
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