Vtech 2001 Annual Report Download - page 51

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10. INTANGIBLE ASSETS
Negative
goodwill
Purchased
research &
development Total
Note US$ million US$ million US$ million
At 1st April 2000 (32.2) Ð (32.2)
Transferred from other investments 12 Ð 1.3 1.3
Additions during the year 22 Ð 23.9 23.9
Fair value adjustment 22 0.3 Ð 0.3
Recognized as income 2 31.9 Ð 31.9
Impairment charges 3 Ð (25.2) (25.2)
At 31st March 2001 Ð Ð Ð
11. DEFERRED TAXATION
The deferred tax assets and liabilities and the deferred tax account movements for the year ended 31st March
2001 are attributable to the following items:
1st April 2000
Credited/
(charged) to
income
statement
31st March
2001
US$ million US$ million US$ million
Deferred tax assets
Provisions 1.6 (1.0) 0.6
Tax loss carry forwards 1.0 0.7 1.7
Other deductible temporary differences 2.7 (0.2) 2.5
5.3 (0.5) 4.8
Deferred tax liabilities
Accelerated tax depreciation (2.0) 0.3 (1.7)
Asset revaluation (0.4) Ð (0.4)
(2.4) 0.3 (2.1)
Net deferred tax assets 2.9 (0.2) 2.7
49
Notes to the Financial Statements
VTech Holdings Ltd Annual Report 2001