Basic HTML Version
Annual Report 2013
KPJ HEALTHCARE BERHAD
193
2.
Summary of signi cant accounting policies (continued)
2.24 Income taxes (continued)
(b)
Deferred tax (continued)
Deferred tax assets are recognised for all deductible temporary differences, carry forward of unused tax credits and unused
tax losses, to the extent that it is probable that taxable pro t will be available against which the deductible temporary
differences, and the carry forward of unused tax credits and unused tax losses can be utilised except:
-
where the deferred tax asset relating to the deductible temporary difference arises from the initial recognition of an
asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither
the accounting pro t nor taxable pro t or loss; and
-
in respect of deductible temporary differences associated with investments in subsidiaries and associates, deferred
tax assets are recognised only to the extent that it is probable that the temporary differences will reverse in the
foreseeable future and taxable pro t will be available against which the temporary differences can be utilised.
The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer
probable that suf cient taxable pro t will be available to allow all or part of the deferred tax asset to be utilised. Unrecognised
deferred tax assets are reassessed at each reporting date and are recognised to the extent that it has become probable that
future taxable pro t will allow the deferred tax assets to be utilised.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is
realised or the liability is settled, based on tax rates and tax laws that have been enacted or substantively enacted at the
reporting date.
Deferred tax relating to items recognised outside pro t or loss is recognised outside pro t or loss. Deferred tax items are
recognised in correlation to the underlying transaction either in other comprehensive income or directly in equity and
deferred tax arising from a business combination is adjusted against goodwill on acquisition.
Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set off current tax assets
against current tax liabilities and the deferred taxes relate to the same taxable entity and the same taxation authority.
2.25 Segment reporting
For management purposes, the Group is organised into operating segments based on their products and services which are
independently managed by the respective segment managers responsible for the performance of the respective segments under
their charge. The segment managers report directly to the management of the Group who regularly review the segment results
in order to allocate resources to the segments and to assess the segment performance. Additional disclosures on each of these
segments are shown in Note 41, including the factors used to identify the reportable segments and the measurement basis of
segment information.
Notes to the
Financial Statements
For the financial year ended 31 December 2013
(continued)