Creative 2012 Annual Report Download - page 49
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CREATIVE TECHNOLOGY LTD AND ITS SUBSIDIARIES
(c) Legal claims and fees
The provision for legal claims is in respect of certain legal claims brought against the Group. In the opinion of management,
after taking appropriate legal advice, the outcomes of these legal claims are not expected to give rise to any signicant loss
beyond the amounts provided at 30 June 2012. Management considers that disclosure of further details of these claims will
seriously prejudice the Group’s negotiating position and accordingly, further information on the nature of the obligation has
not been provided.
23. DEFERRED INCOME TAX LIABILITIES
Movements in deferred income tax account are as follows:
Group Company
2012 2011 2012 2011
US$’000 US$’000 US$’000 US$’000
Beginning of nancial year 17,902 21,202 – –
Over provision in prior nancial years (Note 8) – (3,300) – –
End of nancial year 17,902 17,902 – –
Deferred tax liabilies (assets) consist of the following:
Group
2012
Beginning and end
of nancial year 5,388 6,412 13,900 4,002 29,702 (11,800) 17,902
2011
Beginning of nancial
year 5,388 6,412 17,200 4,002 33,002 (11,800) 21,202
Over provision in prior
nancial years – – (3,300) – (3,300) – (3,300)
End of nancial year 5,388 6,412 13,900 4,002 29,702 (11,800) 17,902
Total
deferred
tax
US$’000
interest
income
US$’000
Undistributed
foreign
subsidiaries
US$’000
Transfer
pricing and
withholding
tax
US$’000
Others
US$’000
Deferred
tax
assets-
tax
losses
US$’000
Net
deferred
tax
US$’000