7
JOINT VENTURE
Group
2015
2014
$’000
$’000
Interest in a joint venture
–
246
Impairment losses
–
(246)
–
–
Group
2015
2014
$’000
$’000
Interest in a joint venture – at cost
–
955
Impairment losses
–
(955)
–
–
Details of the joint venture are as follows:
Name of joint venture
Country of
incorporation
Effective equity
held by the Group
2015
2014
%
%
PT Sakalaguna Semesta
Indonesia
–
49
The Company disposed of its investment in the joint venture for an aggregate consideration of US$1 on 14 January 2015.
8
DEFERRED TAX ASSETS AND LIABILITIES
Movements in deferred tax assets and liabilities (prior to offsetting of balances) during the year are as follows:
At
1January
2014
(Credited)/
charged
toincome
statement
(Note26)
Recognised
inother
comprehensive
income
Exchange
differences
At
31December
2014
Charged/
(credited)
toincome
statement
(Note26)
Recognised
inother
comprehensive
income
Exchange
differences
At
31December
2015
Group
$’000
$’000
$’000
$’000
$’000
$’000
$’000
$’000
$’000
Deferredtaxassets
Property,plantandequipment
(567)
220
–
(1)
(348)
31
–
2
(315)
Inventories
(56)
26
–
–
(30)
(44)
–
–
(74)
Accruals
(377)
(33)
13
(6)
(403)
(343)
15
39
(692)
(1,000)
213
13
(7)
(781)
(356)
15
41
(1,081)
Deferredtaxliabilities
Property,plantandequipment
73
46
–
(1)
118
1
–
–
119
Intangibleassets
499
(200)
–
–
299
(172)
–
–
127
572
(154)
–
(1)
417
(171)
–
–
246
86
TELECHOICE INTERNATIONAL LIMITED
2015 ANNUAL REPORT
NOTES TO THE
FINANCIAL STATEMENTS
