NOTE 23
NON-CURRENT LIABILITIES – DEFERRED INCOME GOVERNMENT GRANTS
Consolidated
2013
$’000
2012
$’000
Government grants
420,504
415,582
420,504
415,582
The government grants received by the Group to 30 June 2013 and classified as non-current are $420.5m.
NOTE 24
NON-CURRENT LIABILITIES – FINANCE LEASE
Consolidated
2013
$’000
2012
$’000
Finance lease
84
392
84
392
(a) Interest rate risk is considered negligible.
(b) The carrying amount of the finance lease liabilities approximates fair value.
NOTE 25
NON-CURRENT LIABILITIES – DEFERRED TAX LIABILITIES
Consolidated
2013
$’000
2012
$’000
The balance comprises temporary differences attributable to:
Property, plant and equipment revaluation
281,587
174,905
Cash flow hedges - foreign exchange
30
52
Net deferred tax liabilities
281,617
174,957
Movements:
Opening balance at 1 July
174,957
267,271
Charged to equity related to cash flow hedge – foreign exchange (note 5(c))
(22)
52
Credited to the other comprehensive income
48,201
(93,562)
Reclassification of DTA/DTL relating to property, plant and equipment
58,481
-
Income tax effect on asset disposal in asset revaluation reserve
-
1,196
Closing balance at 30 June
281,617
174,957
86
