Annual Report 2010 - Christchurch City Council

Income taxes
(continued)
Financial statements
Annual Report
Christchurch Otautahi
2010
p169.
Notes to financial statements
11. Income taxes (continued)
(c) Deferred tax balance
Opening
balance
Charged
to
income
Parent
Charged
to other
comprehensive
income
Closing
balance
Jun 10 $000s $000s $000s $000s
Deferred tax liabilities:
Property, plant and equipment 2,160 1,863 (641) 3,382
2,160 1,863 (641) 3,382
Net deferred tax liability/(asset) 2,160 1,863 (641) 3,382
Jun 09
Deferred tax liabilities:
Cash flow hedges 45 - (45) -
Property, plant and equipment 10,164 788 (8,792) 2,160
10,209 788 (8,837) 2,160
Net deferred tax liability/(asset) 10,209 788 (8,837) 2,160