Notes to the Financial Statements
(Cont’d)
For the year ended 30 April 2015
(In Singapore Dollars)
85
STAMFORD TYRES CORPORATION LIMITED
BUILDING ON OUR EXTENSIVE NETWORK
28. Deferred taxation (cont’d)
Group
2014
Property,
plant and
equipment Receivables Inventories
Unremitted
foreign
sourced
income
Provision,
accruals
and others Total
$’000
$’000
$’000
$’000
$’000
$’000
At beginning of the
financial year
2,395
(1,005)
(1,658)
108
66
(94)
Movement for the year
(1,718)
207
(201)
–
(242)
(1,954)
Foreign currency
translation adjustment
77
112
(78)
–
49
160
At the end of the
financial year
754
(686)
(1,937)
108
(127)
(1,888)
The deferred tax liabilities of the Company relate to unremitted foreign sourced income.
29. Share capital
Group and Company
Number of
shares
2015
Share
capital
2015
Number of
shares
2014
Share
capital
2014
’000
$’000
’000
$’000
Issued and fully paid:
At beginning and end of financial year
235,586
35,722
235,586
35,722
The holders of the ordinary shares are entitled to receive dividends as and when declared by the
Company. Each ordinary share carries one vote without restriction.The ordinary shares have no par value.
Unissued shares under share options as at 30 April 2015 comprise 750,000 (2014: 780,000) options entitling
holders to subscribe at any time during the exercise period for the same number of ordinary shares in
the Company at the exercise price of $0.43 (2014: $0.43) per share. The details of the share options are
discussed in Note 7.
The holders of the share options have no right to participate by virtue of these options in any share issue
of any other company in the Group.
