Note 28
For the Year Ended 31 March 2011
|
|
GROUP |
PARENT |
|
|
2011 |
2010 |
2011 |
2010 |
| $000 |
$000 |
|
|
|
|
|
|
| Balance at beginning of year |
|
266,523 |
251,137 |
188,719 |
177,741 |
| Current year changes in temporary differences affecting tax expense |
11 |
2,503 |
10,946 |
2,192 |
4,560 |
| Current year changes in temporary differences affecting reserves |
|
(12,724) |
1,903 |
(10,032) |
5,624 |
| Reclassification of prior year temporary differences |
11 |
4,164 |
1,087 |
1,698 |
794 |
| Exchange rate movements on foreign denominated deferred tax |
|
1,367 |
1,450 |
- |
- |
|
|
|
|
|
|
| Effect of announced change in corporate tax rate on: |
|
|
|
|
|
| Income tax expense |
|
(5,098) |
- |
(2,799) |
- |
| Revaluation reserve |
|
(11,251) |
- |
(9,600) |
- |
| Cash flow hedge reserve |
|
223 |
- |
223 |
- |
| Foreign currency translation reserve |
|
530 |
- |
- |
- |
|
|
|
|
|
|
| Effect of removal of tax depreciation on buildings on income tax expense |
|
11,079 |
9,691 |
|
|
257,316 |
266,523 |
180,092 |
188,719 |
|
|
|
|
|
|
| Comprising: |
|
|
|
|
|
| Deferred tax liabilities |
|
257,316 |
180,092 |
|
|
257,316 |
266,523 |
180,092 |
188,719 |
|
|
|
|
|
|
There have been changes to the income tax legislation that have had a material impact on the financial statements, refer to note 11 for details. The tables below show the break down of the temporary differences that make up the deferred tax liabilities and their movement for the year. |
|
|
|
|
|
|
| GROUP |
|
Opening Balance |
Charged to Income Statement |
Charged Directly to Equity |
Closing Balance |
|
|
| For the year ended 31 March 2011 ($000) |
|
|
|
|
|
|
|
| Revaluations |
|
196,323 |
- |
(11,313) |
185,010 |
| Other property, plant and equipment movements |
|
61,565 |
14,126 |
- |
75,691 |
| Employee benefits |
|
(1,283) |
(46) |
- |
(1,329) |
| Provision for impairment |
|
(600) |
96 |
- |
(504) |
| Carbon revenue recognition |
|
2,853 |
439 |
- |
3,292 |
| Customer base assets |
|
8,477 |
(1,631) |
- |
6,846 |
| Financial instruments |
|
4,508 |
1,025 |
(9,747) |
(4,214) |
| Unrealised losses on Australian dollar loan |
|
(5,251) |
- |
(2,162) |
(7,413) |
| Other |
|
|
|
266,523 |
14,015 |
(23,222) |
257,316 |
|
|
|
|
|
|
|
|
|
|
| For the year ended 31 March 2010 ($000) |
|
|
|
|
|
|
| Revaluations |
|
196,459 |
- |
(136) |
196,323 |
| Other property, plant and equipment movements |
|
54,496 |
7,069 |
- |
61,565 |
| Employee benefits |
|
(1,278) |
(5) |
- |
(1,283) |
| Provision for impairment |
|
(480) |
(120) |
- |
(600) |
| Carbon revenue recognition |
|
636 |
2,217 |
- |
2,853 |
| Customer base assets |
|
9,620 |
(1,143) |
- |
8,477 |
| Financial instruments |
|
(6,409) |
3,736 |
7,181 |
4,508 |
| Unrealised losses on Australian dollar loan |
|
(1,838) |
- |
(3,413) |
(5,251) |
| Other |
|
|
|
251,137 |
11,754 |
3,632 |
266,523 |
|
|
|
|
|
|
| PARENT |
|
Opening Balance |
Charged to Income Statement |
Charged Directly to Equity |
Closing Balance |
|
|
| For the year ended 31 March 2011 ($000) |
|
|
|
|
|
|
|
| Revaluations |
|
144,151 |
- |
(9,662) |
134,489 |
| Other property, plant and equipment movements |
|
30,207 |
11,008 |
- |
41,215 |
| Employee benefits |
|
(1,283) |
(46) |
- |
(1,329) |
| Provision for impairment |
|
(600) |
96 |
- |
(504) |
| Carbon revenue recognition |
|
2,853 |
439 |
- |
3,292 |
| Customer base assets |
|
8,477 |
(1,631) |
- |
6,846 |
| Financial instruments |
|
4,983 |
910 |
(9,747) |
(3,854) |
| Other |
|
|
|
188,719 |
10,782 |
(19,409) |
180,092 |
|
|
|
|
|
|
|
|
|
|
| For the year ended 31 March 2010 ($000) |
|
|
|
|
|
|
|
| Revaluations |
|
145,708 |
- |
(1,557) |
144,151 |
| Other property, plant and equipment movements |
|
26,847 |
3,360 |
- |
30,207 |
| Employee benefits |
|
(1,278) |
(5) |
- |
(1,283) |
| Provision for impairment |
|
(480) |
(120) |
- |
(600) |
| Carbon revenue recognition |
|
636 |
2,217 |
- |
2,853 |
| Customer base assets |
|
9,620 |
(1,143) |
- |
8,477 |
| Financial instruments |
|
(3,243) |
1,044 |
7,182 |
4,983 |
| Other |
|
|
|
177,741 |
5,353 |
5,625 |
188,719 |