Lenovo 2016 Annual Report Download - page 217

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2015/16 Annual Report Lenovo Group Limited
20 DEFERRED INCOME TAX ASSETS AND LIABILITIES (continued)
(a) (continued)
At March 31, 2016, the Group did not recognize deferred income tax assets in respect of deductible temporary
differences of approximately US$2,130,508,000 (2015: US$2,373,130,000) and tax losses of approximately
US$2,073,278,000 (2015: US$1,726,640,000) that can be carried forward against future taxable income, of which,
tax losses of US$1,394,002,000 (2015: US$1,311,799,000) can be carried forward indefinitely. The remaining
balances of tax losses will expire as follows:
2016
US$’000
2015
US$’000
Expiring in
– 2016 ––
– 2017 4,408 26,874
– 2018 194,868 202,272
– 2019 62,884 71,536
– 2020 26,276 36,261
– 2021 236,905 9,816
– 2022 68,919 48,977
– 2023 13,300 13,556
– 2024 14,834 5,549
– 2025 56,882 –
679,276 414,841
(b) The movements in deferred income tax liabilities (prior to offsetting of balances within the same tax
jurisdiction), analyzed by major components, during the year are as follows:
Intangible
valuation
Undistributed
earnings
Property
valuation
Accelerated
tax
depreciation Others Total
US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
At April 1, 2014 67,927 47,498 4,594 24,594 1,516 146,129
Reclassification and exchange adjustments (17,912)774 (821) (3,285) (223) (21,467)
(Credited)/charged to consolidated
income statement (6,358)3,498 (631) (2,124)814 (4,801)
Charged to other comprehensive income – – – – 4,463 4,463
Acquisition of businesses 135,066 – – 118 –135,184
At March 31, 2015 and April 1, 2015 178,723 51,770 3,142 19,303 6,570 259,508
Reclassification and exchange adjustments 491 2,373 182 (1,198)64 1,912
(Credited)/charged to consolidated
income statement (23,204) (1,541) (23)31,281 (356)6,157
Credited to other comprehensive income – – – – (6,278) (6,278)
At March 31, 2016 156,010 52,602 3,301 49,386 –261,299