NOTES TO
FINANCIAL STATEMENTS
December 31, 2015
112
CITIC ENVIROTECH LTD.
Annual Report
2015
17 INTANGIBLE ASSETS (cont’d)
Name of
subsidiary
as operator
Project
name
Location in
PRC
Name of
grantor
Type of
service
concession
arrangement
Contracted
daily design
capacity
(tons/day)
Service
concession
period
CITIC Envirotech
Water Resource
(Bazhou) Co. Ltd
(f.k.a Bazhou Max
Rise Water Services
Sci-Tech Co. Ltd)
霸州市胜芳镇
污水处理厂
Bazhou city,
Hebei Province
河北省霸州市
人民政府
BOT
50,000
30 years from
2009
Gaoyang
Bishuilantian Water
Co. Ltd
高阳县污水处
理厂一期与二
期工程
Gaoyang
County, Hebei
Province
河北省高阳县
人民政府
BOT
80,000/
120,000
28 years from
2010/2013
18 DEFERRED TAX ASSETS (LIABILITIES)
Group
December
31,
March
31,
2015
2015
$’000
$’000
Deferred tax assets
517
950
Deferred tax liabilities
(36,376)
(26,505)
Net
(35,859)
(25,555)
The following are the major deferred tax assets and liabilities recognised by the Group, and the
movements thereon, during the current and prior reporting periods:
Temporary
differences
due to
accounting
under
INT FRS112
Other
allowances
Net
$’000
$’000
$’000
Group
At April 1, 2014
(7,756)
615
(7,141)
Acquisition of subsidiaries (Note 40)
(8,168)
322
(7,846)
(Charge) Credit to profit or loss
(10,581)
13
(10,568)
At March 31, 2015
(26,505)
950
(25,555)
Acquisition of subsidiaries (Note 40)
(5,000)
–
(5,000)
Charge to profit or loss
(4,871)
(433)
(5,304)
At December 31, 2015
(36,376)
517
(35,859)
