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Notes To The Consolidated Financial Statements
(Expressed in Renminbi)
1
/ China Communications Services Corporation Limited
26 Deferred tax assets and liabilities
(continued)
Notes:
(i)
Expiry of recognised tax losses
2011
2010
RMB’000
RMB’000
Year of expiry
2013
3,284
16,768
2014
1,612
1,612
2015
27,608
27,608
2016
9,152
–
41,656
45,988
(ii)
As at 31 December 2011, the Group’s available-for-sale investments were recognised at fair value as in
accordance with the accounting policy of the Group. The tax bases of these assets were not adjusted to
fair value and accordingly, a deferred tax liability of RMB6.1 million (2010: RMB12.2 million) related to the
change in fair value of available-for-sale investments was recognised in shareholders’ equity.
(iii)
As at 31 December 2011, the Group has not recognised deferred tax assets in respect of tax losses of
RMB481.5 million (2010: RMB413.6 million) as it is not probable that future taxable profits against which
the losses can be utilised will be available. The tax losses can be carried forward for five years from the year
incurred and hence will be expired from 2011 to 2016.
27 Other non-current assets
Other non-current assets mainly represent the rental prepayments for buildings and equipment.
28 Inventories
The Group
2011
2010
RMB’000
RMB’000
Construction materials
313,663
287,312
Finished goods
1,341,590
1,520,197
Spare parts and consumables
37,385
25,677
1,692,638
1,833,186