Notes to the Financial Statements
(Cont’d)
For the financial year ended 30 April 2016
(In Singapore Dollar)
STAMFORD TYRES CORPORATION LIMITED
92 |
DRIVING IT UP
28.
Deferred taxation (cont’d)
The deferred tax assets and liabilities arise from the following temporary differences:
Property,
plant and
equipment Receivables Inventories
Unremitted
foreign
sourced
income
Provision,
accruals and
others
Total
$’000
$’000
$’000
$’000
$’000
$’000
Group
2016
At 1 May
813
(990)
(1,664)
108
(162)
(1,895)
Movement for the year
(62)
58
280
–
(39)
237
Foreign currency
translation adjustment
(6)
53
66
–
4
117
At 30 April
745
(879)
(1,318)
108
(197)
(1,541)
Property,
plant and
equipment Receivables Inventories
Unremitted
foreign
sourced
income
Provision,
accruals and
others
Total
$’000
$’000
$’000
$’000
$’000
$’000
2015
At 1 May
754
(686)
(1,937)
108
(127)
(1,888)
Movement for the year
64
(314)
245
–
(29)
(34)
Foreign currency
translation adjustment
(5)
10
28
–
(6)
27
At 30 April
813
(990)
(1,664)
108
(162)
(1,895)
The deferred tax liabilities of the Company relate to unremitted foreign sourced income.
