ESR AR 2021 (EN)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 December 2021 28. DEFERRED TAX The movements in deferred tax assets during the years ended 31 December 2021 and 2020 are as follows: Losses available for offsetting against future taxable profits Employee benefit payable Accrued expenses Transaction costs from acquisition of subsidiaries Others Total US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 31 December 2021 At 1 January 2021 15,543 2,189 4,066 – 2,463 24,261 Acquisition of subsidiaries (note 32) 18,261 – 40 73,042 – 91,343 Deferred tax credited/(charged) to profit or loss during the year (1,582) (516) 6,247 – 337 4,486 Disposal of subsidiaries (note 34) – – – – (151) (151) Exchange realignment (1,123) (88) (413) (3,420) 61 (4,983) At 31 December 2021 31,099 1,585 9,940 69,622 2,710 114,956 31 December 2020 At 1 January 2020 19,422 1,957 827 – 1,348 23,554 Deferred tax credited/(charged) to profit or loss during the year (4,774) 30 2,926 – 957 (861) Disposal of subsidiaries (329) – – – – (329) Exchange realignment 1,224 202 313 – 158 1,897 At 31 December 2020 15,543 2,189 4,066 – 2,463 24,261 E S R C A Y M A N L I M I T E D A N N U A L R E P O R T 2 0 2 1 203

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