Creative 2010 Annual Report Download - page 47

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47
CREATIVE TECHNOLOGY LTD AND ITS SUBSIDIARIES
23. DEFERRED INCOME TAX LIABILITIES
Movements in deferred income tax account are as follows:
Group Company
2010 2009 2010 2009
US$’000 US$’000 US$’000 US$’000
Beginning of nancial year 29,510 29,746 13,800 14,044
Singapore tax concession on oshore
interest income remitted recognised in
prot or loss (Note 8) (2,000) – (2,000) –
Eect of change in Singapore tax rate
recognised in prot or loss (Note 8) – (780) – (780)
Currency translation dierences – (97) – (17)
Acquisition of subsidiaries (Note 17) – 36 – –
(Credited) charged to prot or loss (Note 8) (6,300) 553 (11,800) 553
(Over) under provision in prior nancial years (Note 8) (8) 52 – –
End of nancial year 21,202 29,510 – 13,800
Deferred tax liabilities consist of the following:
Group
2010
Beginning of nancial year 7,388 6,412 11,702 4,008 29,510
Singapore tax concession on
oshore interest remitted
recognised in prot or loss (2,000) – – – (2,000)
Charged to prot or loss – – 5,500 – 5,500
Over provision in prior nancial years – – (2) (6) (8)
End of nancial year 5,388 6,412 17,200 4,002 33,002
2009
Beginning of nancial year 7,745 6,299 11,702 4,000 29,746
Eect of change in Singapore
tax rate recognised in prot or loss (430) (350) – – (780)
Currency translation dierences – (17) – (80) (97)
Acquisition of subsidiaries – – – 36 36
Charged to prot or loss 73 480 – – 553
Under provision in prior nancial years – – – 52 52
End of nancial year 7,388 6,412 11,702 4,008 29,510
Total
US$’000
Unremitted
oshore
interest
income
US$’000
Undistributed
prots of
foreign
subsidiaries
US$’000
Transfer
pricing and
withholding tax
US$’000
Others
US$’000