Investor Presentaiton
MORGAN STANLEY BANK ASIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 December 2020
19.
DEFERRED TAX ASSETS (CONTINUED)
The deferred tax included in the statement of financial position and changes recorded in 'Income
tax'/'Other comprehensive income' are as follows:
2020
2019
Deferred
Other
Deferred
Other
Tax
Asset
Income
statement
Comprehensive
US$'000
US$'000
Income
US$'000
tax
asset
US$'000
Income
statement
US$'000
Comprehensive
Income
US$'000
Deferred compensation
Financial assets measured at
FVOCI
7,811
(2,531)
5,259
(1,014)
(10)
7,801
(2,531)
247
247
(257)
(59)
5,002 (1,014)
(59)
The deferred tax assets recognised are based on management assessment that it is probable that the
Company will have taxable profits against which the temporary differences can be utilised.
20.
COMMITMENTS AND CONTINGENCIES
At 31 December, the Company had the following outstanding commitments.
Commitments
Unsettled securities purchased under agreements to resell(1)
2020
US$'000
2019
US$'000
51,800
(1) At 31 December 2019, unsettled securities purchased under agreements to resell have a trade date at or prior to 31 December
2019 and settle subsequent to year end.
21.
EQUITY
Ordinary share capital
Ordinary
shares
Number
Ordinary
shares
US$'000
Authorised, issued and fully paid
At 1 January 2019
Increases in the year:
22 March 2019
At 31 December 2019 and 31 December 2020
170,000,000
170,000
500,000
500,000,000
670,000,000
670,000
The holders of ordinary shares are entitled to receive dividends as declared from time to time and are
entitled to one vote per share at general meetings of the Company. All shares rank equally with regard to
the Company's residual assets.
Reserve
FVOCI reserve
The 'FVOCI reserve' of US$35,000 (2019: US$1,330,000) includes the cumulative net change in the fair
value of FVOCI financial assets held at the reporting date. The tax effect of these movements is also
included in the 'FVOCI reserve'.
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