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