NOTE 02
CHANGES IN ACCOUNTING POLICIES (CONTINUED)
Prior year restatements
30 June 2013
Increase/
(Decrease) 30 June 2013 1 July 2012
Increase/
(Decrease)
1 July 2012
Consolidated balance
sheet (extract)
(Previously
stated)
Employee
benefits
(Restated)
(Previously
stated)
Employee
benefits (Re-stated)
$’000
$’000
$’000
$’000
$’000
$’000
Deferred tax assets
246,151
(238)
245,913
-
-
-
Defined benefit
obligations
8,123
1,236
9,359
11,203
1,793
12,996
Retained earnings
(132,019)
(1,474)
(133,493)
67,498
(1,793)
65,705
Current year impact increase/(decrease) of profit
Consolidated statement of comprehensive income
(extracts)
2014
$’000
Employee
benefits
$’000
2014 as
presented
$’000
Remeasurement of defined benefit obligation
(1,938)
(207)
(2,145)
Income tax effect on defined benefit fund obligations
581
63
644
Other comprehensive income for the period
(1,357)
(144)
(1,501)
Current year impact increase/(decrease)
Consolidated balance sheet (extract)
30 June 2014
$’000
Employee
benefits
$’000
30 June 2014
as presented
$’000
Deferred tax assets
228,461
(63)
228,524
Defined benefit obligations
(11,297)
333
(11,630)
Profit reserves
163,767
(124)
(163,643)
Retained earnings
(134,737)
(146)
(134,883)
(c) Impact on financial statements (continued)
55
