2011/2012 Annual Report - Metro Tasmania
2011/2012 Annual Report - Metro Tasmania
2011/2012 Annual Report - Metro Tasmania
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NOTES TO THE FINANCIAL STATEMENTS<br />
Note 6. INCOME TAX (continued)<br />
CONSOLIDATED<br />
<strong>2012</strong><br />
Opening<br />
balance<br />
1 July <strong>2011</strong><br />
Prior year<br />
adjustment<br />
Recognised in<br />
the Statement of<br />
Comprehensive<br />
Income<br />
Recognised<br />
in equity<br />
Balance at<br />
30 June <strong>2012</strong><br />
$’000 $’000 $’000 $’000 $’000<br />
Superannuation 5,817 – 106 1,834 7,757<br />
Tax losses 2,838 – (1,352) – 1,486<br />
Employee benefits 1,404 – 64 – 1,468<br />
Provision for impairment – – – – –<br />
Accrued costs (470) – – – (470)<br />
Other provisions 6 – 674 – 680<br />
Prepayments (61) – (4) – (65)<br />
Inventories – – (68) – (68)<br />
Property, plant<br />
and equipment<br />
(4,752) – 722 41 (3,989)<br />
Accrued income (2) – (17) – (19)<br />
Total 4,780 – 125 1,875 6,780<br />
CONSOLIDATED<br />
<strong>2011</strong><br />
Opening<br />
balance<br />
1 July 2010<br />
Prior year<br />
adjustment<br />
Recognised in<br />
the Statement of<br />
Comprehensive<br />
Income<br />
Recognised<br />
in equity<br />
Balance at<br />
30 June <strong>2011</strong><br />
$’000 $’000 $’000 $’000 $’000<br />
Superannuation 6,142 - 9 (334) 5,817<br />
Tax losses 2,926 - (88) - 2,838<br />
Employee benefits 1,332 - 72 - 1,404<br />
Provision for impairment - - - - -<br />
Accrued costs 47 - (517) - (470)<br />
Other provisions 18 - (12) - 6<br />
Prepayments (63) - 2 - (61)<br />
Inventories - - - - -<br />
Property, plant<br />
and equipment<br />
(5,299) - 540 7 (4,752)<br />
Accrued income (18) - 16 - (2)<br />
Total 5,085 - 22 (327) 4,780<br />
40 METRO <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong> | <strong>2012</strong>
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