Malaysia legislation
Section 17
of Mengikut peraturan Bilangan 34 Peraturan-Peraturan Tanah Tahun 1966, adalah
Seksyen 17
DEFERRED TAX ASSET (LIABILITIES)
The Group (pertaining to a subsidiary company)
2005 2004
At beginning of year
—
189,700
Transfer from income statements (Note 10)
—
(189,700)
At end of year
—
—
The net deferred tax asset is in respect of accelerated depreciation.
The Group
The Company 2005 2004 2005 2004
At beginning of year
(7,522,199)
(21,000)
(7,501,199)
—
Transfer to income statements (Note 10)
4,526,436
—
4,506,436
—
Amount charged to equity
—
(7,501,199)
—
(7,501,199)
At end of year
(2,995,763)
(7,522,199)
(2,994,763)
(7,501,199)
The deferred tax liabilities are in respect of the following:
The Group
The Company 2005 2004 2005 2004
Tax effects of:
Temporary differences arising from:
Property, plant and equipment
(82,000)
(21,000)
(81,000)
—
Convertible
Unsecured Loan
Stocks (Note 25) (3,547,763)
(7,501,199)
(3,547,763)
(7,501,199)
Other 634,000
—
634,000
—
At end of year
(2,995,763)
(7,522,199)
(2,994,763)
(7,501,199)
22hb Jun 2006]
1671