McPHERSON’S LIMITED
ANNUAL REPORT 2015
73
NOTE 23. DEFERRED TAX LIABILITIES
The balance comprises temporary differences attributable to:
2015
$’000
2014
$’000
Brandnames
7,741
7,821
Cash flow hedges
586
-
Prepayments
8
17
Depreciation
4
6
Other
24
58
Total temporary differences
8,363
7,902
Deferred tax liabilities to be settled within 12 months
607
74
Deferred tax liabilities to be settled after more than 12 months
7,756
7,828
8,363
7,902
Movements
BRANDNAMES
CASH FLOW HEDGES
OTHER
TOTAL
$’000
$’000
$’000
$’000
Consolidated
Opening balance at 1 July 2013
12,471
1,655
20
14,146
(Credited) / charged to profit or loss (Note 8)
(527)
(82)
56
(553)
Credited to equity
-
(1,572)
-
(1,572)
Transfers
(4,123)
-
-
(4,123)
Over provision in prior years
-
-
4
4
Foreign exchange
-
(1)
1
-
Closing balance at 30 June 2014
7,821
-
81
7,902
(Credited) / charged to profit or loss (Note 8)
(80)
9
(46)
(117)
Charged to equity
-
583
-
583
Over provision in prior years
-
-
2
2
Foreign exchange
-
(6)
(1)
(7)
Closing balance at 30 June 2015
7,741
586
36
8,363
NOTE 24. CONTRIBUTED EQUITY
2015
$’000
2014
$’000
Issued and paid up capital:
97,338,017 (June 2014: 95,434,645) ordinary shares – fully paid
149,191
147,003