Asia-Pacific Strategic Investments Limited - Annual Report 2021

Notes to the Financial Statements For the financial year ended 30 June 2021

24

Deferred income taxes (continued)

Movement in deferred income tax account is as follows:

Group

2021

2020

S$’000

S$’000

559

Beginning of financial year

570

(16)

Credited to profit and loss [Note 9(a)] Currency translation differences

(11)

31

*

574

End of financial year

559

* Less than S$1,000

The deferred tax liabilities are recognised for the fair value of building under construction arising from acquisition of subsidiary corporations during the financial year ended 30 June 2018.

25

Share capital

Number of ordinary shares

Amount S$’000

Group and Company 2021 Beginning of financial year

’000

17,824,184

195,733

1,563

5

Shares issued

17,825,747

195,738

End of financial year

2020 Beginning and end of financial year

17,824,184

195,733

All issued ordinary shares are fully paid. There is no par value for these ordinary shares.

Fully paid ordinary shares carry one vote per share and carry a right to dividends as and when declared by the Company.

During the financial year, the Company issued in aggregate 1,563,370 new shares pursuant to the exercise of 2015 Warrants for a total consideration of S$5,000.

The newly issued shares rank pari passu in all respects with the previously issued shares.

ANNUAL REPORT 2021

101