NOTE 15
NON-CURRENT ASSETS – DEFERRED TAX ASSETS
Consolidated
2013
$’000
2012
$’000
The balance comprises temporary differences attributable to:
Property, plant and equipment
507,479
334,252
Tax losses
15,540
9,240
Defined benefit fund
2,437
3,361
Cash flow hedges - interest rate swap and foreign exchange
2,312
1,562
527,768
348,415
Movements:
Opening balance at 1 July
348,415
397,228
Credited /(Charged) to the Consolidated Income Statement related to
recognition of previously unrecognised tax losses
6,301
9,240
(Charged)/credited to the Consolidated Income Statement related to property,
plant and equipment (note 5(b))
114,746
(63,597)
Reclassification of assets from DTL related to property, plant and equipment
58,481
-
Charged to other comprehensive income related to property, plant and
equipment
-
1,196
Credited/(charged) to equity related to defined benefit fund (note 5(c))
(924)
1,512
Credited/(charged) related to cash flow hedge interest rate swap (note 5(c))
749
1,633
Credited/(charged) related to cash flow hedge foreign exchange
-
7
Income tax effect on asset disposal in asset reserve revaluation recognised in
deferred tax asset
-
1,196
Closing balance at 30 June 2013
527,768
348,415
Deferred tax assets expected to be recovered after more than 12 months
527,768
348,415
81
