Brambles 2006 Annual Report - Alle jaarverslagen

More documents

Recommendations

Info

106 Brambles 2006 Annual Report NOTES TO AND FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS continued for the year ended 30 June 2006 Note 9. Income tax continued 2006 US$m 2005 US$m Changes in deferred tax assets were as follows: At 1 July 135.8 157.6 Charged to the income statement (32.4) (1.6) Credited to the statement of recognised income and expense – 1.8 Credited directly to equity 8.1 1.7 Transfer to discontinued operations (23.8) – Disposal of businesses (33.0) – Acquisition of subsidiary 1.6 – Offset against deferred tax liabilities (35.3) (22.9) Currency variations (3.4) (0.8) At 30 June 17.6 135.8 Deferred tax assets are recognised for carried forward tax losses to the extent that the realisation of the related tax benefit through future taxable profits is probable. At reporting date, Brambles has unused tax losses of US$723.8 million (2005: US$891.6 million) available for offset against future profits. A deferred tax asset has been recognised in respect of US$509.6 million (2005: US$761.0 million) of such losses. The benefit for tax losses will only be obtained if: • Brambles derives future assessable income of a nature and of an amount sufficient to enable the benefit from the deductions for the losses to be realised; • Brambles continues to comply with the conditions for deductibility imposed by tax legislation; and • No changes in tax legislation adversely affect Brambles in realising the benefit from the deductions for the losses. No deferred tax asset has been recognised in respect of the remaining unused tax losses of US$214.2 million (2005: US$130.6 million) due to the unpredictability of future profit streams in the relevant jurisdictions. Included in unrecognised tax losses are losses of US$64.5 million (2005: US$75.7 million) that will expire in 2020. Other losses may be carried forward indefinitely. d) Components of and changes in deferred tax liabilities Deferred tax liabilities shown in the balance sheet are represented by temporary differences attributable to: Amounts recognised in the income statement Accelerated depreciation for tax purposes 474.5 569.3 Other 30.6 33.2 505.1 602.5 Amounts recognised in the statement of recognised income and expense Actuarial gains on defined benefit plans 6.8 – Cash flow hedges 1.5 – 8.3 – Set-off of deferred tax assets (247.5) (245.4) Net deferred tax liabilities 265.9 357.1 Changes in deferred tax liabilities were as follows: At 1 July 357.1 359.3 Charged to the income statement 20.3 23.3 Charged to the statement of recognised income and expense 10.1 – Transfer to discontinued operations 0.5 – Disposal of businesses (98.8) – Acquisition of subsidiary 0.7 – Offset against deferred tax asset (35.3) (22.9) Transfer from non-current to current tax liabilities 1.7 (3.1) Currency variations 9.6 0.5 At 30 June 265.9 357.1 At reporting date, the aggregate amount of temporary differences associated with undistributed earnings of subsidiaries for which deferred tax liablities have not been recognised was US$1,453.3 million (2005: US$870.2 million). No liability has been recognised in respect of these differences because Brambles is in a position to control the timing of the reversal of the temporary differences and it is probable that such differences will not reverse in the foreseeable future. Unremitted earnings totalled US$1,474.6 million (2005: US$889.1 million).
107 Brambles 2006 Annual Report Note 10. Earnings per share 2006 US cents 2005 US cents Earnings per share – Basic 86.7 26.4 – Diluted 85.2 26.2 From continuing operations – Basic 21.5 18.5 – Diluted 21.1 18.4 From discontinued operations – Basic 65.2 7.9 – Diluted 64.1 7.8 Options and performance share rights granted under the employee option plans are considered to be potential ordinary shares and have been included in the determination of diluted earnings per share to the extent to which they are dilutive. Details are set out in Note 28. 2006 million 2005 million a) Weighted average number of shares used as the denominator Weighted average number of ordinary shares outstanding during the year used in the calculation of basic earnings per share 1,688.8 1,691.8 Adjustment for share options and performance share rights 27.9 13.4 Weighted average number of ordinary shares outstanding during the year used in the calculation of diluted earnings per share 1,716.7 1,705.2 Weighted average number of converted, lapsed or cancelled potential ordinary shares included in diluted earnings per share 4.1 0.4 2006 US$m 2005 US$m b) Reconciliations of earnings used in calculating earnings per share Basic and diluted earnings per share Profit from continuing operations 362.6 313.1 Profit from continuing operations attributable to minority interests – – Profit from continuing operations attributable to ordinary shareholders 362.6 313.1 Profit from discontinued operations, after minority interests 1,100.8 133.9 Profit attributable to ordinary shareholders used in calculating basic and diluted earnings per share 1,463.4 447.0
Page 1 and 2:
Brambles 2006 Annual Report Bramble
Page 3 and 4:
1 Brambles 2006 Annual Report CHEP
Page 5 and 6:
Page 7 and 8:
5 Brambles 2006 Annual Report Recal
Page 9 and 10:
7 Brambles 2006 Annual Report On 29
Page 11 and 12:
9 Brambles 2006 Annual Report SALES
Page 13 and 14:
11 Brambles 2006 Annual Report The
Page 15 and 16:
13 Brambles 2006 Annual Report Focu
Page 17 and 18:
15 Brambles 2006 Annual Report Our
Page 19 and 20:
17 Brambles 2006 Annual Report Exce
Page 21 and 22:
19 Brambles 2006 Annual Report Davi
Page 23 and 24:
Page 25 and 26:
23 Brambles 2006 Annual Report SALE
Page 27 and 28:
25 Brambles 2006 Annual Report Reca
Page 29 and 30:
27 Brambles 2006 Annual Report SALE
Page 31 and 32:
29 Brambles 2006 Annual Report 09 1
Page 33 and 34:
31 Brambles 2006 Annual Report CORP
Page 35 and 36:
33 Brambles 2006 Annual Report Loca
Page 37 and 38:
35 Brambles 2006 Annual Report Bram
Page 39 and 40:
37 Brambles 2006 Annual Report 2. c
Page 41 and 42:
39 Brambles 2006 Annual Report Summ
Page 43 and 44:
41 Brambles 2006 Annual Report Proc
Page 45 and 46:
43 Brambles 2006 Annual Report Fore
Page 47 and 48:
45 Brambles 2006 Annual Report conv
Page 49 and 50:
47 Brambles 2006 Annual Report A di
Page 51 and 52:
49 Brambles 2006 Annual Report In l
Page 53 and 54:
51 Brambles 2006 Annual Report 5.2
Page 55 and 56:
53 Brambles 2006 Annual Report •
Page 57 and 58: 55 Brambles 2006 Annual Report Glos
Page 59 and 60: 57 Brambles 2006 Annual Report Furt
Page 61 and 62: 59 Brambles 2006 Annual Report 2005
Page 63 and 64: 61 Brambles 2006 Annual Report The
Page 65 and 66: 63 Brambles 2006 Annual Report 5. D
Page 67 and 68: 65 Brambles 2006 Annual Report 5.2
Page 69 and 70: 67 Brambles 2006 Annual Report Name
Page 71 and 72: 69 Brambles 2006 Annual Report Name
Page 73 and 74: 71 Brambles 2006 Annual Report US$
Page 75 and 76: 73 Brambles 2006 Annual Report •
Page 77 and 78: 75 Brambles 2006 Annual Report Righ
Page 79 and 80: 77 Brambles 2006 Annual Report DIRE
Page 81 and 82: 79 Brambles 2006 Annual Report Dire
Page 83 and 84: 81 Brambles 2006 Annual Report On t
Page 85 and 86: 83 Brambles 2006 Annual Report SHAR
Page 87 and 88: 85 Brambles 2006 Annual Report Anal
Page 89 and 90: 87 Brambles 2006 Annual Report NUMB
Page 91 and 92: 89 Brambles 2006 Annual Report CONS
Page 93 and 94: 91 Brambles 2006 Annual Report CONS
Page 95 and 96: 93 Brambles 2006 Annual Report NOTE
Page 97 and 98: 95 Brambles 2006 Annual Report Comp
Page 99 and 100: 97 Brambles 2006 Annual Report reco
Page 101 and 102: 99 Brambles 2006 Annual Report Deri
Page 103 and 104: 101 Brambles 2006 Annual Report Not
Page 107: 105 Brambles 2006 Annual Report Not
Page 117 and 118: 115 Brambles 2006 Annual Report For
Page 127 and 128: 125 Brambles 2006 Annual Report h)
Page 141 and 142: 139 Brambles 2006 Annual Report d)
Page 145 and 146: 143 Brambles 2006 Annual Report In
Page 147 and 148: 145 Brambles 2006 Annual Report i)
Page 149 and 150: 147 Brambles 2006 Annual Report iii
Page 151 and 152: 149 Brambles 2006 Annual Report d)
Page 155 and 156: 153 Brambles 2006 Annual Report ii)
Page 157 and 158: 155 Brambles 2006 Annual Report vi)
Page 159 and 160:
157 Brambles 2006 Annual Report Not
Page 161 and 162:
159 Brambles 2006 Annual Report DIR
Page 163 and 164:
161 Brambles 2006 Annual Report Bas
Page 165 and 166:
163 Brambles 2006 Annual Report BIP
Page 167 and 168:
165 Brambles 2006 Annual Report DEF
Page 169 and 170:
167 Brambles 2006 Annual Report Not
Page 171 and 172:
169 Brambles 2006 Annual Report IND
Page 173 and 174:
171 Brambles 2006 Annual Report GLO
Page 175 and 176:
DIRECTORY Brambles Industries Limit
show all

Brambles 2006 Annual Report - Alle jaarverslagen

Create successful ePaper yourself

Delete template?

Save as template?