80
TEHO INTERNATIONAL INC LTD.
Annual Report 2016
NOTES
TO THE FINANCIAL STATEMENTS
Year ended 30 June 2016
19 DEFERREDTAX LIABILITIES
Movements in deferred tax assets and liabilities of the Group (prior to offsetting of balances) during the year are as follows:
Recognised
in the statement
At
Recognised of comprehensive
Credited
Acquisition of
At
1 July
in profit or loss
income
directly to equity subsidiaries
30 June
2014
(note 23)
(note 23)
(note 23)
(note 28)
2015
$
$
$
$
$
$
Group
Deferred tax liabilities
Property, plant and equipment
66,404
28,000
–
–
1,238
95,642
Gain on property revaluation
4,265,074
–
505,106
(113,464)
–
4,656,716
Intangible assets
281,180
(99,960)
–
–
–
181,220
Adjustment in relation to development properties
219,488
(100,488)
–
–
–
119,000
Development properties based on stage of completion method
585,598
–
–
–
–
585,598
Profit recognised on development properties based on
stage of completion method
43,853
–
–
–
–
43,853
5,461,597
(172,448)
505,106
(113,464)
1,238
5,682,029
Deferred tax assets
Unutilised capital allowance
(225,001)
–
–
–
–
(225,001)
Total
5,236,596
(172,448)
505,106
(113,464)
1,238
5,457,028
