84
STAMFORD LAND CORPORATION LTD
Notes to Financial Statements
10
INCOME TAX (CONT’D)
Movements in current income tax liabilities
THE GROUP
THE COMPANY
2016
2015
2016
2015
$’000
$’000
$’000
$’000
Tax recoverable
(1,406)
–
–
–
Income tax liabilities
7,840
10,137
7,743
2,772
&OE PG GJOBODJBM ZFBS
6,434
10,137
7,743
2,772
THE GROUP
THE COMPANY
2016
2015
2016
2015
$’000
$’000
$’000
$’000
Beginning of financial year
10,137
4,679
2,772
3,699
Income tax paid
(14,463)
(8,138)
(2,716)
(3,754)
Current year income tax
10,939
13,596
7,687
2,827
0WFS QSPWJTJPO JO QSJPS ZFBST
(179)
–
–
–
&OE PG GJOBODJBM ZFBS
6,434
10,137
7,743
2,772
Deferred income tax assets and liabilities are offset when there is a legally enforceable right to offset
and when the deferred income taxes relate to the same fiscal authority. The amounts, determined after
appropriate offsetting, are shown on the balance sheet as follows:
THE GROUP
2016
2015
$’000
$’000
Deferred tax assets
6,975
1,976
Deferred tax liabilities
(12,071)
(19,868)
(5,096)
(17,892)
