Note 17
Non-current assets - Deferred tax assets
Consolidated
2012
2011
$’000
$’000
Plant & Equipment
Cost or deemed cost
568,050
445,420
Accumulated depreciation
(132,351)
(90,725)
Net book amount
435,699
354,695
Leasehold Improvements
Cost
2,088,862
1,539,431
Accumulated depreciation
(181,385)
(106,224)
Net book amount
1,907,477
1,433,207
Consolidated
2012
2011
The balance comprises temporary differences attributable to:
$’000
$’000
Property plant & equipment
334,252
395,372
Tax losses (note 6)
9,240
-
Defined benefit fund (note 29)
3,361
1,863
Cash flow hedges ‑ interest rate swap and foreign exchange
1,562
(7)
348,415
397,228
Movements
:
Opening balance at 1 July
397,228
69,132
Credited/(charged) to the Consolidated Income Statement related to
recognition of previously unrecognised tax losses (note 6)
9,240
-
(Charged)/credited to the Consolidated Income Statement related to
property plant and equipment (note 6(b))
(63,597)
249,087
Income tax effect on asset disposal in asset reserve revaluation
recognised in deferred tax asset (note 6(c))
1,196
-
Credited/(charged) to equity related to defined benefit fund (note 31(b))
1,512
7
Credited/(charged) related to cash flow hedge ‑ interest rate swap
1,633
-
Credited/(charged) related to cash flow hedge ‑ foreign exchange
7
(7)
Charged to other comprehensive income related to property, plant and
equipment (note 27)
1,196
-
Reclassification of assets from DTL related to property, plant
and equipment
-
79,009
Closing balance at 30 June 2012
348,415
397,228
Deferred tax assets expected to be recovered after more than
12 months
348,415
397,228
Note 16
Non-current assets - Property, plant and equipment (continued)
91
