TUNG LOK RESTAURANTS (2000) LTD / Annual Report
2016
84
Notes to the financial statements
For the financial year ended 31 March 2016
26.
Deferred tax
The following are the major deferred tax (assets)/liabilities recognised by the Group and the movement thereon during
the year:
Group
Accelerated
tax
depreciation Others
Tax losses
Total
$
$
$
$
At 1 April 2014
191,379
(43,991)
(60,345)
87,043
(Credited)/charged to profit or loss for the year (Note 8)
(154,384)
24,912
60,345
(69,127)
At 31 March 2015 and 1 April 2015
36,995
(19,079)
–
17,916
Charged/(credited) to profit or loss for the year (Note 8)
211,544
(366,244)
(181,347)
(336,047)
At 31 March 2016
248,539
(385,323)
(181,347)
(318,131)
27.
Share capital
Group and Company
2016
2015
2016
2015
Number of ordinary shares
$
$
Issued and paid up:
At the beginning of the financial year
274,400,000 196,000,000 28,450,434 19,142,045
Issue of share capital via rights issue
– 78,400,000
–
9,308,389
At the end of the financial year
274,400,000 274,400,000 28,450,434 28,450,434
The Company has only one class of shares which are the ordinary shares. The ordinary shares have no par value, carry
one vote per share without restrictions and carry a right to dividends as and when declared by the Company.
In the previous financial year, the capital raised of $9,308,389 is net of share issue expenses of $99,611.
The shares issued rank pari passu to the existing shares.
