Page 43 - Escher Annual Report 2011

Escher Group Holdings plc Annual report 2011 41
Financial statements
Corporate governance
Business review
Overview
10. Income tax expense continued
(c) Deferred tax continued
The movement in the deferred tax during the financial year is as follows:
1 January
2011
US$’000
Recognition
in income
statement
credit/(charge)
US$’000
31 December
2011
US$’000
Deferred tax assets
Deferred revenue 70 (70) —
Derivative financial instruments 23 (23) —
Unrealised foreign exchange transactions 154 28 182
Other 49 (61) (12)
Deferred tax asset 296 (126) 170
1 January
2010
US$’000
Recognition
in income
statement
credit/(charge)
US$’000
31 December
2010
US$’000
Deferred tax assets
Deferred revenue 164 (94) 70
Derivative financial instruments 18 5 23
Unrealised foreign exchange transactions 78 76 154
Other 56 (7) 49
Deferred tax asset 316 (20) 296
1 January
2011
US$’000
Recognition
in income
statement
credit/(charge)
US$’000
31 December
2011
US$’000
Deferred tax liabilities
Temporary differences on intangible assets (124) (17) (141)
1 January
2010
US$’000
Recognition
in income
statement
credit/(charge)
US$’000
31 December
2010
US$’000
Deferred tax liabilities
Temporary differences on intangible assets — (124) (124)