RFG Annual Report 2007 - Retail Food Group

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06/07 Annual Report 40 Retail Food Group Annual Report 9. Income taxes (continued) Income tax recognised directly in equity The following current and deferred amounts were charged/(credited) directly to equity during the period: 2007 $’000 Consolidated 2006 $’000 2007 $’000 Company Current tax Share-issue expenses (135) (134) (135) (134) Deferred tax Benefi t of tax losses (New Zealand operations) 33 – – – Tax refund receivable (New Zealand operations) 67 – – – Temporary differences 646 738 453 609 746 738 453 609 611 604 318 475 Deferred tax liabilities comprise: Temporary differences 513 376 1 – 2006 $’000 Current tax liabilities Income tax payable attributable to: Parent entity (2,121) (1,726) (2,121) (1,726) Entities in the tax-consolidated group 2,696 2,355 2,696 2,355 575 629 575 629
9. Income taxes (continued) Deferred tax balances Deferred tax assets/(liabilities) arise from the following: 2007 Opening balance $’000 Charged to income $’000 Consolidated Charged to equity $’000 Closing balance $’000 Temporary differences Property, plant and equipment—CMF Facility – (137) – (137) Intangible assets (376) – – (376) Employee benefi ts 78 79 – 157 Provisions 17 19 – 36 Doubtful debts 34 (34) – – Prepaid borrowing costs 75 (26) – 50 Listing costs 534 (135) 5 404 362 (234) 5 134 Unused tax losses and credits: Benefi t of tax losses acquired (NZ operations) – 33 – 33 – 33 – 33 362 (201) 5 167 Presented in the balance sheet as follows: Deferred tax asset attributable to: Continuing operations 167 Discontinued operations – 167 41 Retail Food Group Annual Report 2006 Temporary differences Intangible assets (376) – – (376) Employee benefi ts 48 30 – 78 Provisions 13 4 – 17 Doubtful debts – 34 – 34 Prepaid borrowing costs 68 7 – 75 Listing costs – (134) 668 534 (247) (59) 668 362 Presented in the balance sheet as follows: Deferred tax asset 362
Page 1: Retail Food Group Limited ACN 106 8
Page 5 and 6: Chairman’s letter Dear Shareholde
Page 7 and 8: Managing Director’s Report The Co
Page 9 and 10: OUTLOOK The 2007 fi nancial year ha
Page 11 and 12: The role of the Board and delegatio
Page 13 and 14: Directors’ Report The directors o
Page 15 and 16: The Group also continued with its s
Page 17 and 18: 4. Coffee Roasting Facility (CRF) T
Page 19 and 20: Directors’ meetings The following
Page 21 and 22: The following table discloses the r
Page 23 and 24: Deloitte Touche Tohmatsu A.C.N. 74
Page 25 and 26: 23 Auditor’s Independence Declara
Page 27 and 28: Income statement for the financial
Page 29 and 30: Statement of changes in equity for
Page 31 and 32: Notes to the financial statements f
Page 33 and 34: The directors anticipate that the a
Page 35 and 36: On consolidation, the assets and li
Page 37 and 38: (p) Property, plant and equipment L
Page 39 and 40: 6. Revenue An analysis of the Group
Page 41: 9. Income taxes 39 Income tax recog
Page 45 and 46: 10. Trade and other receivables 43
Page 47 and 48: 13. Property, plant and equipment 4
Page 49 and 50: 14. Other intangible assets (contin
Page 51 and 52: 19. Other liabilities 49 2007 $’0
Page 53 and 54: 23. Earnings per share 51 2007 Cent
Page 55 and 56: 26. Contingent liabilities and cont
Page 57 and 58: 28. Subsidiaries 55 Name of entity
Page 59 and 60: 30. Discontinued operations Disposa
Page 61 and 62: 31. Notes to the cash flow statemen
Page 63 and 64: 32. Financial instruments (continue
Page 65 and 66: 33. Share-based payments (continued
Page 67 and 68: 34. Key management personnel compen
Page 69 and 70: 35. Related party transactions (con
Page 75 and 76: 37. Subsequent events (continued) F
Page 77: Twenty largest holders of quoted eq
Page 80: Retail Food Group Limited ACN 106 8

RFG Annual Report 2007 - Retail Food Group

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