China Communications Services Corporation Limited Annual Report 2015
135
NOTES TO THE
CONSOLIDATED FINANCIAL STATEMENTS
For the year ended 31 December 2015
23. AVAILABLE-FOR-SALE FINANCIAL ASSETS
2015
2014
RMB’000
RMB’000
Unlisted equity securities, at cost
797,088
787,106
Listed equity securities, at quoted market price
67,984
51,672
865,072
838,778
24. DEFERRED TAX ASSETS AND LIABILITIES
Deferred tax assets and liabilities are attributable to the following:
Assets
Liabilities
Net balance
31 December
31 December
31 December
31 December
31 December
31 December
2015
2014
2015
2014
2015
2014
RMB’000
RMB’000
RMB’000
RMB’000
RMB’000
RMB’000
Impairment losses, primarily for
receivables and inventories
224,494
139,241
—
—
224,494
139,241
Revaluation of property,
plant and equipment
—
—
(11,349)
(11,349)
(11,349)
(11,349)
Unused tax losses (note (i))
21,715
39,104
—
—
21,715
39,104
Change in fair value (note (ii))
—
—
(8,679)
(6,232)
(8,679)
(6,232)
Unpaid expenses
162,660
153,509
—
—
162,660
153,509
Others
—
—
5,341
4,224
5,341
4,224
Deferred tax assets and (liabilities)
408,869
331,854
(14,687)
(13,357)
394,182
318,497
Movements in deferred tax assets and liabilities for the year ended 31 December 2015 and 2014 are as follows:
As at
1 January
2015
Recognised in
profit or loss
Recognised in
other
comprehensive
income
As at
31 December
2015
RMB’000
RMB’000
RMB’000
RMB’000
(note 10(a))
Impairment losses, primarily for receivables
and inventories
139,241
85,253
— 224,494
Revaluation of property, plant and equipment
(11,349)
—
— (11,349)
Unused tax losses (note (i))
39,104
(17,389)
—
21,715
Change in fair value (note (ii))
(6,232)
—
(2,447)
(8,679)
Unpaid expenses
153,509
9,151
— 162,660
Others
4,224
1,117
—
5,341
Deferred tax assets and (liabilities)
318,497
78,132
(2,447)
394,182
