China Communications Services Corporation Limited Annual Report 2015
136
NOTES TO THE
CONSOLIDATED FINANCIAL STATEMENTS
For the year ended 31 December 2015
24. DEFERRED TAX ASSETS AND LIABILITIES
(continued)
As at
1 January
2014
Recognised in
profit or loss
Recognised in
other
comprehensive
income
As at
31 December
2014
RMB’000
RMB’000
RMB’000
RMB’000
(note 10(a))
Impairment losses, primarily for receivables
and inventories
94,008
45,233
—
139,241
Revaluation of property, plant and equipment
(12,195)
846
—
(11,349)
Unused tax losses (note (i))
28,015
11,089
—
39,104
Change in fair value (note (ii))
(4,697)
—
(1,535)
(6,232)
Unpaid expenses
169,755
(16,246)
—
153,509
Others
—
4,224
—
4,224
Deferred tax assets and (liabilities)
274,886
45,146
(1,535)
318,497
Notes:
(i)
Expiry of recognised tax losses
2015
2014
RMB’000
RMB’000
Year of expiry
2015
—
—
2016
—
8,169
2017
33,759
75,487
2018
51,529
66,535
2019
53,193
94,273
2020
3,042
—
141,523
244,464
(ii)
As at 31 December 2015, the Group’s deferred tax liability related to the change in fair value of available-for-sale financial assets reflects in the above
table.
(iii)
As at 31 December 2015, the Group has not recognised deferred tax assets in respect of tax losses of RMB941.0 million (2014: RMB714.1 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 2016 to 2020.
