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70

NANYANG PRESS HOLDINGS BERHAD

Employees

Provision

Unabsorbed

retirement

for

capital

benefits

liabilities

allowances

RM’000

RM’000

RM’000

( 5)

( 118 )

( 223 )

( 346 )

-

-

-

-

At 1 July 2003 Recognised in the income statements

Total RM’000

20. DEFERRED TAX (CONTD.)

Deferred Tax Assets of the Company:

( 5)

( 118 )

( 223 )

( 346 )

( 2)

41

92

131

( 77 )

( 131 )

( 215 )

At 1 July 2004 Recognised in the income statements

At 30 June 2005

( 7)

Deferred tax assets have not been recognised in respect of the following items:

Group

2005 RM’000

2004 RM’000

( 9,792 )

( 10,857 )

( 1,024 )

( 594 )

( 1,033 )

( 528 )

Unabsorbed tax losses Unabsorbed capital allowances Others

( 11,849 )

( 11,979 )

( 3,318 )

( 3,354 )

Potential deferred tax benefit @ 28%

The unused tax losses and unabsorbed capital allowances are available indefinitely for offset against future taxable profits of the subsidiaries in which those items arose. Deferred tax assets have not been recognised in respect of these items as they may not be used to offset taxable profits of other subsidiaries in the Group and they have arisen in subsidiaries that have a recent history of losses.

21. REVENUE

GROUP Revenue of the Group comprises advertising and circulation revenue, dividend income from investments, income from sale of short-term investments, interest income, rental income and the invoiced value of internet related and electronic commerce services rendered. Returns and intra-group sales are excluded from revenue.

COMPANY Revenue of the Company comprises dividends from investment in subsidiaries and other investments, interest income, rental income and management fees.

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