CQUniversity Annual Report - Central Queensland University

CQUniversity ANNUAL REPORT 2012
Note 27. Deferred tax assets and liabilities
Central Queensland University
and Controlled Entities
Notes to the Financial Statements
for the year ended 31 December 2012
Consolidated
The balance comprises temporary differences
attributable to:
Assets Liabilities Net
2012 2011 2012 2011 2012 2011
$'000 $'000 $'000 $'000 $'000 $'000
Prepayments - - (59) (95) (59) (95)
Property, plant and equipment 162 212 - - 162 212
Accrued interest - - (2) (3) (2) (3)
Payables 145 125 - - 145 125
Employee provisions 1,249 1,340 - - 1,249 1,340
FBT liability - 4 (12) - (12) 4
Other legal and consultancy fees - - - - - -
Vehicle leases - - - (57) - (57)
Tax loss carried forward 429 - - - 429 -
1,985 1,681 (73) (155) 1,912 1,526
37
ANNUAL FINANCIAL STATEMENTS
Movement in temporary differences during the year: Balance Recognised Balance
01-Jan-11 in income 31-Dec-11
$'000 $'000 $'000
Prepayments (138) 43 (95)
Property, plant and equipment 193 19 212
Accrued interest (3) - (3)
Payables 123 2 125
Employee provisions 1,142 198 1,340
FBT Liability (3) 7 4
Other legal and consultancy fees 13 (13) -
Vehicle leases (51) (6) (57)
Tax loss carried forward - - -
1,276 250 1,526
Movement in temporary differences during the year: Balance Recognised Balance
01-Jan-12 in income 31-Dec-12
$'000 $'000 $'000
Prepayments (95) 36 (59)
Property, plant and equipment 212 (50) 162
Accrued interest (3) 1 (2)
Payables 125 20 145
Employee provisions 1,340 (91) 1,249
FBT Liability 4 (16) (12)
Other legal and consultancy fees - - -
Vehicle leases (57) 57 -
Tax loss carried forward - 429 429
1,526 386 1,912