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53
VTech Holdings Ltd Annual Report 2012
8 Leasehold Land Payments
2012 2011
Note US$ million US$ million
Net book value at 1 April 5.0 4.9
Amortisation 2 (0.1) (0.1)
Effect of changes in exchange rates 0.2 0.2
Net book value at 31 March (note (i)) 5.1 5.0
Leasehold land payments in respect of: Owner-occupied properties 5.1 5.0
Note:
(i) Included in leasehold land payments are deposits of US$3.0 million (2011: US$2.9 million) which are paid for the acquisition of certain sites in the PRC.
9 Investments
2012 2011
US$ million US$ million
(i) Associates
Share of net assets 0.1 0.1
(ii) Other investments
Unlisted investments, at cost 0.1 0.1
0.2 0.2
10 Income Tax in the Consolidated Balance Sheet
(a) Current taxation in the consolidated balance sheet represents:
2012 2011
US$ million US$ million
Provision for Profits Tax for the year (20.2) (20.9)
Provisional Profits Tax paid 16.7 16.1
(3.5) (4.8)
Balance of Profits Tax provision relating to prior years (0.2) –
(3.7) (4.8)
2012 2011
US$ million US$ million
Taxation recoverable 0.8 0.3
Taxation payable (4.5) (5.1)
(3.7) (4.8)
(b) The deferred tax assets and liabilities and the deferred tax account movements for the years ended 31 March 2011 and 31 March 2012
are attributable to the following items:
1 April
2010
Credited/
(charged) to
consolidated
income
statement
Charged
to reserve
31 March
2011 and
1 April 2011
Credited/
(charged) to
consolidated
income
statement Charged
to reserve 31 March
2012
US$ million US$ million US$ million US$ million US$ million US$ million US$ million
Deferred tax assets
Tax losses carried forward 3.5 (0.1) – 3.4 0.9 – 4.3
Other deductible temporary
differences 2.1 (0.1) – 2.0 (0.4) – 1.6
5.6 (0.2) – 5.4 0.5 – 5.9
Deferred tax liabilities
Accelerated tax depreciation (0.4) 0.2 – (0.2) 0.1 – (0.1)
Revaluation of properties (2.9) – (0.3) (3.2) – (1.9) (5.1)
Others (0.4) (0.1) – (0.5) (0.1) – (0.6)
(3.7) 0.1 (0.3) (3.9) – (1.9) (5.8)
Net deferred tax assets/(liabilities) 1.9 (0.1) (0.3) 1.5 0.5 (1.9) 0.1