Note 28
For The Year Ended 31 March 2012
DEFERRED INCOME TAX
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GROUP |
PARENT |
|
|
2012 |
2011 |
2012 |
2011 |
|
$000 |
$000 |
|
|
|
|
|
|
Balance at beginning of year |
|
257,316 |
266,523 |
180,092 |
188,719 |
Current year changes in temporary differences affecting tax expense |
11 |
(4,714) |
2,503 |
144 |
2,192 |
Current year changes in temporary differences affecting reserves |
|
52,050 |
(12,724) |
39,151 |
(10,032) |
Reclassification of prior year temporary differences |
11 |
(262) |
4,164 |
(1,111) |
1,698 |
Exchange rate movements on foreign denominated deferred tax |
|
(2,144) |
1,367 |
- |
- |
Effect of amalgamation of subsidiaries |
|
- |
- |
7,846 |
- |
|
|
|
|
|
|
Effect of announced change in corporate tax rate on: |
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|
|
|
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 |
|
(2,031) |
(2,182) |
|
|
300,215 |
257,316 |
223,940 |
180,092 |
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Comprising: |
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|
|
|
|
Deferred tax liabilities |
|
300,215 |
223,940 |
|
|
300,215 |
257,316 |
223,940 |
180,092 |
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The tables below show the break down of the temporary differences that make up the deferred tax liabilities and their movement for the year. |
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GROUP |
|
|
|
|
|
For the year ended 31 March 2012 ($000) |
|
|
|
|
|
|
|
|
|
|
|
|
Revaluations |
|
185,010 |
- |
42,334 |
227,344 |
Other property, plant and equipment movements |
|
75,691 |
(648) |
(1,095) |
73,948 |
Employee benefits |
|
(1,329) |
(93) |
- |
(1,422) |
Provision for impairment |
|
(504) |
- |
- |
(504) |
Carbon revenue recognition |
|
3,292 |
(2,230) |
- |
1,062 |
Customer base assets |
|
6,846 |
(1,067) |
- |
5,779 |
Financial instruments |
|
(4,214) |
(2,969) |
5,083 |
(2,100) |
Unrealised losses on Australian dollar loan |
|
(7,413) |
- |
3,584 |
(3,829) |
Other |
|
(63) |
- |
- |
(63) |
|
|
257,316 |
(7,007) |
49,906 |
300,215 |
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GROUP |
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|
|
For the year ended 31 March 2011 ($000) |
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|
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|
|
|
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 |
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PARENT |
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|
|
For the year ended 31 March 2012 ($000) |
|
|
|
|
|
|
Revaluations |
|
134,489 |
- |
36,557 |
171,046 |
Other property, plant and equipment movements |
|
41,215 |
1,533 |
5,357 |
48,105 |
Employee benefits |
|
(1,329) |
(93) |
- |
(1,422) |
Provision for impairment |
|
(504) |
- |
- |
(504) |
Carbon revenue recognition |
|
3,292 |
(2,230) |
- |
1,062 |
Customer base assets |
|
6,846 |
(1,067) |
- |
5,779 |
Financial instruments |
|
(3,854) |
(1,292) |
5,083 |
(63) |
Other |
|
(63) |
- |
- |
(63) |
|
|
180,092 |
(3,149) |
46,997 |
223,940 |
|
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PARENT |
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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 |
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