86
STAMFORD LAND CORPORATION LTD
Notes to Financial Statements
10
INCOME TAX (CONT’D)
Movements in deferred tax assets and liabilities (cont’d)
Fair value on
investment
properties
Accelerated tax
depreciation
Others
Total
THE GROUP
2016
2015
2016
2015
2016
2015
2016
2015
$’000
$’000
$’000
$’000
$’000
$’000
$’000
$’000
Deferred tax liabilities
Beginning of
financial year
(19,868)
(24,547)
–
–
–
(204)
(19,868)
(24,751)
$SFEJUFE DIBSHFE UP
profit or loss
7,023
2,350
(8,947)
–
–
194
(1,924)
2,544
Currency translation
380
2,329
–
–
–
10
380
2,339
&OE PG GJOBODJBM ZFBS
(12,465)
(19,868)
(8,947)
–
–
–
(21,412)
(19,868)
Deferred tax assets not recognised are as follows:
THE GROUP
2016
2015
$’000
$’000
1SPWJTJPO GPS JNQBJSNFOU PO DPNQMFUFE QSPQFSUJFT GPS TBMF
–
3,953
Unutilised tax losses
20,468
64,249
The remaining tax losses and the deductible temporary differences do not expire under current tax
legislation. Deferred tax assets have not been recognised in respect of these items because it is not
probable that future taxable profits will be available against which certain subsidiaries of the Group can
utilise the benefits therefrom.
