BAKERTECHNOLOGYLIMITED
ANNUALREPORT2013
115
Notes to the
Financial Statements
for the financial year ended 31December 2013
16. Deferred tax
Deferred tax as at 31December relates to the following :
Group
Balance sheet
Statement
of comprehensive income
2013
2012
2013
2012
$
$
$
$
Deferred tax assets:
Provisions
724,030
376,450
(347,580)
(376,450)
Differences in depreciation for tax purposes
168,000
34,100
(133,900)
(34,100)
Deferred tax liability:
Differences in depreciation for tax purposes
(16,030)
(18,550)
(2,520)
18,550
876,000
392,000
(484,000)
(392,000)
Tax consequence of proposed dividends
There areno income tax consequences attached to thedividends to the shareholders proposedby theCompany but not recognised
as a liability in the financial statements (Note 33).
