Page 71 - ar2012

67 Annual Report 2012
24 Deferred Tax Assets/(Liabilities) (cont’d)
Group
2012 (Restated)
2011
2010
b) Deferred tax liabilities to be realised:
- within 1 year (4,560) (1,108,112) -
- between one to fve years (551,340) - -
(555,900) (1,108,112) -
Accelerated
tax
depreciation
Profts recognised
on percentage
of completion
of development
properties for sale Total
Group
30.09.2012
Balance at beginning of year (previously reported) - - -
Effect of adoption of FRS 115 - (1,108,112) (1,108,112)
Balance at beginning of year - (1,108,112) (1,108,112)
(Charged)/credited to proft or loss (Note 9) (4,560) 556,772 552,212
Balance at end of year (4,560) (551,340) (555,900)
30.09.2011
Balance at beginning of year - - -
Charged to proft or loss (Note 9) - (1,108,112) (1,108,112)
Balance at end of year (restated) - (1,108,112) (1,108,112)
25 Share Capital
Group and Company
No. of
shares S$
2012
Balance at beginning of year 191,998,000 8,665,611
Issue of share capital:
- Exercise of warrants 358,000 60,860
Balance at end of year 192,356,000 8,726,471
2011
Balance at beginning of year 159,860,000 4,311,914
Issue of share capital:
- Shares placement 31,888,000 4,480,264
- Exercise of warrants 250,000 42,500
Share issue expenses - (169,067)
Balance at end of year 191,998,000 8,665,611
a) Ordinary shares have no par value.
b) The holders of ordinary shares are entitled to receive dividends as and when declared by the Company. All
ordinary shares carry one vote per share without restriction at general meetings of the Company and rank
equally with regard to the Company’s residual assets.
c) During the previous fnancial year ended 30 September 2011, pursuant to the completion of the share
placement, 31,888,000 new ordinary shares have been issued at a price of S$0.1405 per share. The share
placement expenses of S$169,067 has been presented as a deduction against share capital account.
Notes to the Financial Statements
30 September 2012