Hock Lian Seng Holdings Limited - Annual Report 2015 - page 79

Notes to the Financial Statements
31 December 2015
26. Deferred taxation
Deferred tax as at 31 December relates to the following:
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against current tax liabilities and when the deferred taxes relate to the same taxable entity and the same taxation
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as follows:
Tax consequences of proposed dividends
There are no income tax consequences (2014: S$Nil) attached to the dividends to the shareholders proposed by
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Group
2015 2014
S$’000 S$’000
Net deferred tax assets 6,897 6,978
Net deferred tax liabilities ȫ (3)
6,897 6,975
Group
Consolidated
balance sheet
Consolidated
income statement
2015 2014 2015 2014
S$’000 S$’000 S$’000 S$’000
Deferred tax assets
Provisions 7,712 7,544 (168) (6,569)
Unutilised tax losses 235 415 180 (269)
7,947 7,959
Deferred tax liabilities
Excess of net carrying value of property, plant and
equipment over tax written down value (1,050) (984) 66 139
(1,050) (984)
6,897 6,975
Deferred tax expense/(credit) 78 (6,699)
ANNUAL REPORT 2015 77