Annual Report 2013 - Mainfreight

7 Income Tax (continued)
Recognised Deferred Tax Assets and Liabilities (continued)
2013
$000
Balance Sheet
2012
$000
Income Statement
2013
2012
$000 $000
Parent
(i) Deferred Tax Assets
Doubtful Debts 71 94 23 (30)
Provisions: Annual Leave 492 506 14 (62)
Bonuses 888 834 (54) (26)
ACC 61 57 (4) 3
Royalties (436) (549) (113) 549
Other – 24 24 (14)
Gross Deferred Tax Assets 1,076 966
Set-off of Deferred Tax Liabilities 1,076 966
Net Deferred Tax Assets – –
(ii) Deferred Tax Liabilities
Deferred Tax on Long Lived Buildings 14,899 15,607 (708) (500)
Accelerated Depreciation: Buildings, Plant & Equipment 3,821 3,538 283 719
Gross Deferred Tax Liabilities 18,720 19,145
Set-off of Deferred Tax Liabilities Against Assets 1,076 966
Net Deferred Tax Liabilities 17,644 18,179
Deferred Tax Income/(Expense) (535) 639
8 Dividends Paid and Proposed
2013
$000
Group
2012
$000
Parent
2013
$000
2012
$000
Recognised Amounts
Declared and Paid During the Year to Parent Shareholders
Final Fully Imputed Dividend for 2012: 14.0 cents (2011: 11.0 cents) 13,863 10,892 13,863 10,892
Interim Fully Imputed Dividend for 2013: 12.0 cents (2012: 12.0 cents) 11,883 11,883 11,883 11,883
25,746 22,775 25,746 22,775
Unrecognised Amounts
Final Fully Imputed Dividend for 2013: 15.0 cents (2012: 14.0 cents) 14,854 13,863 14,854 13,863
After the balance date, the above unrecognised dividends were approved by directors’ resolution dated 28 May 2013. These amounts
have not been recognised as a liability in 2013 but will be brought to account in 2014.
Financial Statements
93