108
CORDLIFE GROUP LIMITED
| ANNUAL REPORT 2015
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2015
28.
DEFERRED TAX LIABILITIES
Group
Company
Consolidated statement
of financial position
Consolidated statement
of comprehensive income
Statement of
financial position
2015
2014
2015
2014
2015
2014
$’000
$’000
$’000
$’000
$’000
$’000
Deferred tax liabilities
Differences in depreciation
for tax purposes
127
242
(121)
49
105
226
Unrealised share of other
income from associate
(36)
(54)
18
(54)
–
–
Under provision in respect
of previous years
–
–
6
–
–
–
91
188
105
226
Deferred tax expense
(97)
(5)
Unrecognised tax losses
At the end of the reporting period, the Group has tax losses of approximately $7,084,000 (2014: $4,041,000)
that are available for offset against future taxable profits of the subsidiaries in which the losses arose, for
which no deferred tax asset is recognised due to uncertainty of its recoverability. The use of these tax losses
is subject to the agreement of the tax authorities and compliance with certain provisions of the tax legislation
of the respective countries in which the companies operate.
Unrecognised temporary differences relating to investments in subsidiaries
At the end of the reporting period, there are no unrecognised temporary differences (2014: $Nil) relating to
investments in subsidiaries.
Tax consequences of proposed dividends
There are no income tax consequences (2014: $Nil) attached to the dividends to the shareholders proposed
by the Company but not recognised as a liability in the financial statements (Note 40).
