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Retrieving Data

Note 29: Deferred Income Tax

GROUP PARENT
  Note 2013
$000
2012
$000
2013
$000
2012
$000
Balance at beginning of year 300,215 257,316 223,940 180,092
Current year changes in temporary differences affecting tax expense (2,366) (4,714) 2,478 144
Current year changes in temporary differences affecting reserves (4,772) 52,050 (5,367) 39,151
Reclassification of prior year temporary differences (468) (262) 6 (1,111)
Exchange rate movements on foreign denominated deferred tax (486) (2,144) - -
Effect of amalgamation of subsidiaries - - - 7,846
Effect of removal of tax depreciation on buildings on income tax expense - (2,031) - (2,182)
292,123 300,215 221,057 223,940
Comprising:
Deferred tax liabilities 292,123 300,215 221,057 223,940
292,123 300,215 221,057 223,940
           
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
For the year ended
31 March 2013 ($000)
Opening Balance Charged to Income Statement Charged Directly to Equity Closing Balance
Revaluations 227,344 - (655) 226,689
Other property, plant and equipment movements 73,948 771 71 74,790
Employee benefits (1,422) (234) - (1,656)
Provision for impairment (504) 28 - (476)
Carbon revenue recognition 1,062 (805) - 257
Customer base assets 5,779 (858) - 4,921
Financial instruments (2,100) (1,239) (5,664) (9,003)
Unrealised losses on Australian dollar loan (3,829) - 493 (3,336)
Other (63) - - (63)
300,215 (2,337) (5,755) 292,123
GROUP
For the year ended
31 March 2012 ($000)
Opening Balance Charged to Income Statement Charged Directly to Equity Closing Balance
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
PARENT
For the year ended
31 March 2013 ($000)
Opening Balance Charged to Income Statement Charged Directly to Equity Closing Balance
Revaluations 171,046 - (18) 171,028
Other property, plant and equipment movements 48,105 5,031 - 53,136
Employee benefits (1,422) (218) - (1,640)
Provision for impairment (504) 28 - (476)
Carbon revenue recognition 1,062 (805) - 257
Customer base assets 5,779 (858) - 4,921
Financial instruments (63) (693) (5,350) (6,106)
Other (63) - - (63)
223,940 2,485 (5,368) 221,057
PARENT
For the year ended
31 March 2012 ($000)
Opening Balance Charged to Income Statement Charged Directly to Equity Closing Balance
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