(c) Amounts charged or credited directly to equity
Consolidated
2015
$’000
2014
$’000
Deferred income tax related to items charged directly to equity
Net (loss)/gain on revaluation of infrastructure assets
(18,727)
(8,730)
Net gain/(loss) on defined benefit fund
1,576
(644)
Net gain/(loss) on interest rate swap
557
1,459
Net (loss) on foreign exchange hedge
-
(30)
(16,594)
(7,945)
Deferred income tax charge included in equity comprises:
(Decrease)/increase in deferred tax liabilities
(18,727)
(30)
Decrease/(increase) in deferred tax assets
2,133
(7,915)
(16,594)
(7,945)
NOTE 05
INCOME TAX EXPENSE/(BENEFIT)
(CONTINUED)
(d) Tax consolidation legislation
Australian Rail Track Corporation Ltd and its wholly owned Australian controlled entities consolidated
for income tax purposes as of 1 July 2003. The accounting policy in relation to this legislation is set
out in note 1(n).
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