58
Notes To The Financial Statements
VITROX CORPORATION BERHAD
[649966-K]
For The Financial Year Ended 31 December 2008
3.
CRITICAL JUDGEMENTS AND ESTIMATION UNCERTAINTY (Cont’d)
Key Sources of Estimation Uncertainty (Cont’d)
(iii)
Income Taxes
There are certain transactions and computations for which the ultimate tax determination may be different from the
initial estimates. The Group and the Company recognise tax liabilities based on their understanding of the prevailing
tax laws and estimates of whether such taxes will be due in the ordinary course of business. Where the final tax outcome
of these matters is different from the amounts initially recognised, the difference will impact the tax provisions in the
period in which the outcome is determined.
4.
PROPERTY, PLANT AND EQUIPMENT
The Group
Renovation
Furniture,
and
Motor
fittings and
electrical
vehicles
equipment
Buildings
Total
installation
RM
RM
RM
RM
RM
At Cost
Balance at 1 January 2007
499,093
2,634,382
7,221,386
10,362,797
7,936
Additions
0
620,552
0
689,231
68,679
Disposals/Write-off
(490,697)
(6,151)
0
(496,848)
0
Balance at 31 December 2007
8,396
3,248,783
7,221,386
10,555,180
76,615
Additions
0
626,693
0
626,693
0
Exchange translation differences
0
1,707
0
1,707
0
Balance at 31 December 2008
8,396
3,877,183
7,221,386
11,183,580
76,615
Accumulated Depreciation
Balance at 1 January 2007
304,449
757,022
141,257
1,204,870
2,142
Depreciation
0
733,802
146,393
890,896
10,701
Disposals/Write-off
(296,053)
(1,936)
0
(297,989)
0
Balance at 31 December 2007
8,396
1,488,888
287,650
1,797,777
12,843
Depreciation
0
812,880
146,393
978,008
18,735
Exchange translation differences
0
513
0
513
0
Balance at 31 December 2008
8,396
2,302,281
434,043
2,776,298
31,578
Carrying Amount
Balance at 1 January 2007
194,644
1,877,360
7,080,129
9,157,927
5,794
Balance at 31 December 2007
0
1,759,895
6,933,736
8,757,403
63,772
Balance at 31 December 2008
0
1,574,902
6,787,343
8,407,282
45,037
A building with a carrying amount of RM6,059,087 (2007 : RM6,187,718) has been pledged to a bank for banking facilities
granted to the Group.
