Annual Report - AWB Limited

Notes to and forming part of the financial statements for the year ended 30 September 2008 AWB LIMITEDConsolidatedAWB Limited2008 2007 2008 2007Notes $’000 $’000 $’000 $’00013. Deferred Income Tax AssetsThe balance comprises temporary differences attributable to:Amounts recognised in profit or lossProvision for impairment 8,188 10,946 1,200 1,200Employee benefits 10,493 9,816 40 20Accruals 13,670 7,344 988 942Unearned Income 171 510 - -Inventory 16,551 (2,726) - -Property, Plant and Equipment 10,172 10,275 - 408Unrealised foreign exchange (450) (587) - -Other Provisions 14,275 15,191 180 179Capital, Trust and Overseas Losses (including the prepayment of tax) 27,679 10,768 - 14Investments 726 92 - -Other (2,302) 695 - -99,173 62,324 2,408 2,763Amounts recognised directly in equityInvestments 909 909 391 391Net deferred tax assets 100,082 63,233 2,799 3,154MovementsOpening balance at 1 October 63,233 42,294 3,154 2,258Credited/(charged) to the income statement 36,849 20,939 (355) 895Credited/(charged) to equity - - - 1Closing balance at 30 September 100,082 63,233 2,799 3,154Deferred tax assets to be recovered after more than 12 months 53,761 26,467 391 978Deferred tax assets to be recovered within 12 months 46,321 36,766 2,408 2,176100,082 63,233 2,799 3,15414. Trade and Other PayablesTrade creditors- other persons/corporations 670,070 398,928 - -- related party (AWB National Pools) 26(e) 5,877 59,704 - -- wholly-owned group 26(e) - - 90,997 92,963Other creditors 115,155 68,143 3,716 3,223Goods and services tax payable/(receivable) (1,218) 3,258 - 1789,884 530,033 94,713 96,187www.awb.com.au 79