APM AUTOMOTIVE HOLDINGS BERHAD
76
NOTES TO THE
FINANCIAL STATEMENTS
9.
Intangible assets (continued)
Group
Trademarks
and design
Development
expenditure Goodwill
Total
RM’000
RM’000
RM’000
RM’000
Carrying amounts
At 1 January 2013
-
474
-
474
At 31 December 2013/1 January 2014
712
161
-
873
At 31 December 2014
4,817
119
6,696
11,632
The amortisation charge is allocated to the cost of sales and is recognised in profit or loss.
During the financial year, APM Auto Components (Australia) Pty. Ltd., a wholly-owned subsidiary of Auto
Parts Holdings Sdn. Bhd. which in turn is a wholly-owned subsidiary of the Company, had on 1 August 2014
completed the acquisition from McConnell Seats Australia Pty. Ltd. of its public sector mass transit seating
manufacturing business known as “McConnell Seats Australia” including all goodwill and assets associated with
the business free from encumbrances for a cash consideration of RM13,856,000. Through the acquisition of
the business, the Group recognised a trademarks and design and goodwill of RM4,313,000 and RM6,696,000
respectively. The remaining consideration was allocated to the other assets and liabilities that were acquired.
10. Deferred tax assets/(liabilities)
Recognised deferred tax assets/(liabilities)
Deferred tax assets and liabilities are attributable to the following:
Assets
Liabilities
Net
31.12.2014 31.12.2013 1.1.2013 31.12.2014 31.12.2013 1.1.2013 31.12.2014 31.12.2013 1.1.2013
Group
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
Restated Restated
Restated Restated
Restated Restated
Employee benefits
116
1,546
3,535
(197)
-
-
(81)
1,546
3,535
Property, plant and equipment
5,603
4,667
5,275 (31,270)
(8,055)
(6,211)
(25,667)
(3,388)
(936)
Investment properties
-
-
-
(3,627)
(3,542)
(3,540)
(3,627)
(3,542)
(3,540)
Provisions
4,621
3,437
2,361
-
-
-
4,621
3,437
2,361
Others
11,890 12,682
6,838
(651)
(604)
(341)
11,239 12,078
6,497
Tax assets/(liabilities)
22,230 22,332 18,009 (35,745)
(12,201)
(10,092)
(13,515)
10,131
7,917
Set off of tax
(7,499)
(6,649)
(5,208)
7,499
6,649
5,208
-
-
-
Net deferred tax assets/
(liabilities)
14,731 15,683 12,801 (28,246)
(5,552)
(4,884)
(13,515)
10,131
7,917
Company
Property, plant and equipment
-
-
-
-
(147)
(192)
-
(147)
(192)
Employee benefits
-
22
-
-
-
-
-
22
-
Others
-
198
351
-
-
-
-
198
351
Tax assets/(liabilities)
-
220
351
-
(147)
(192)
-
73
159
Set off of tax
-
(147)
(192)
-
147
192
-
-
-
Net deferred tax assets
-
73
159
-
-
-
-
73
159
