Annual Report 2010 - Leeden Limited

Leeden Limited Annual Report 2010Notes to the Financial Statementsfor the Financial Year ended 31 December 201028. Long-term loansGroupCompany2010 2009 2010 2009$’000 $’000 $’000 $’000Secured- Term loans 10,672 5,131 – –Unsecured- Term loans 2,922 6,123 2,922 5,99913,594 11,254 2,922 5,999The secured term loans bear interest ranging from 3.65% to 8.08% (2009: 2.30% to 8.50%) per annum and is secured bya legal mortgage over certain leasehold properties.29. Amounts due to a related partyAmounts due to a related party were unsecured, and have an interest rate of 10% (2009: 10%) per annum. These amountshad been repaid during the year.30. Deferred tax liabilitiesGroupCompany2010 2009 2010 2009$’000 $’000 $’000 $’000Balance at beginning of year 8,321 7,144 5 5Exchange adjustment (111) (185) – –(Write-back)/provision for the year (374) 1,362 – –Balance at end of year 7,836 8,321 5 5Deferred taxes relate to the following:Differences in carrying values of property, plantand equipment for accounting and tax purposes 6,073 4,941 5 5Difference in carrying value of the revaluationreserve for accounting and tax purposes 91 1,461 – –Differences in carrying values of the developmentproperty for accounting and tax purposes 1,672 1,919 – –Net deferred tax liabilities 7,836 8,321 5 587