. 114
NOTESTOTHE
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017
BAKER
TECHNOLOGY
L IMI TED
THE BE ST
I N US
14.
DEFERREDTAX
Deferred tax as at 31December relates to the following:
Group
Consolidated
balance sheet
Consolidated statement
of comprehensive income
2017
2016
2017
2016
$’000
$’000
$’000
$’000
Deferred tax assets:
Provisions
20
252
232
118
Differences indepreciation
for taxpurposes
(3)
(4)
(1)
(6)
17
248
Deferred tax liabilities:
Provisions
45
75
30
(34)
Differences indepreciation
for taxpurposes
(89)
(530)
(441)
339
(44)
(455)
Deferred tax expense
(180)
417
Tax consequenceof proposeddividends
There are no income tax consequences attached to the dividends proposed by the Company to the
shareholders but not recognised as a liability in the financial statements (Note28).
15.
GROSSAMOUNTDUE FROM / (TO) CUSTOMERS FORCONTRACTWORK-IN-PROGRESS
Group
2017
2016
$’000
$’000
Aggregate amount of costs incurred and recognisedprofits
(less recognised losses) todate
3,272
3,155
Less: Progress billings and advances
(3,315)
(2,238)
(43)
917
Presented as:
Gross amount due fromcustomers for contractwork-in-progress
61
1,039
Gross amount due tocustomers for contractwork-in-progress
(104)
(122)
(43)
917
Retention sumsonconstructioncontract included in trade receivables
–
1,391
