|
|
| |
| 15. Deferred
Income Taxes |
Deferred
income taxes are calculated on all temporary differences
under the liability method using a principal tax
rate of 35% (2000 - 35%).
The movement in the deferred income tax account
is as follows: |
| |
Group |
Company |
| |
2001
|
2000
|
2001
|
2000
|
| At beginning
of year |
|
|
|
|
| - as
previously reported |
6,921 |
6,188 |
6,920 |
6,187 |
| - prior
year adjustment (Note 6) |
(13,661)
|
(13,621)
|
(13,661)
|
(13,621)
|
| As restated |
(6,740) |
(7,433) |
(6,741) |
(7,434) |
| Income
Statement charge (Note 5) |
1,515 |
693 |
1,515 |
693 |
| At end
of year |
(5,225)
|
(6,740)
|
(5,226)
|
(6,741)
|
| The following
amount is shown in the Balance Sheet: |
| Deferred
tax asset |
(19,419) |
(20,506) |
(19,419) |
(20,506) |
| Deferred
tax liability |
14,194
|
13,766 |
14,193 |
13,765 |
| |
(5,225)
|
(6,740)
|
(5,226)
|
(6,741)
|
| |
|
|
|
|
| Notes
|
|
|
|
 |
