Landcorp - Crown Ownership Monitoring Unit

LANDCORP FARMING LIMITED AND SUBSIDIARIESNOTES TO THE FINANCIAL STATEMENTS CONTINUEDNote 34 – Income Tax (continued)Balance SheetTax Expense/(Income)Parent Parent Parent Parent2010 2009 2010 2009$000 $000 $000 $000ParentDeferred tax assets:Inventories 58 – (58) 2,685Property, plant and equipment 92 91 (1) (1)Fair-value-through-profit-&-loss financial assets 2,989 2,192 (797) (2,192)Tax bases without a liability carrying amount 14 15 1 –Trade and other payables 1,261 – (1,261) 121Provisions 1,807 1,630 (177) (88)6,221 3,928 (2,293) 525Deferred tax liabilities:Trade and other receivables 1,261 19 1,242 23Inventories 17,183 18,126 (943) (1,043)Available-for-sale financial assets 1,454 1,612 – –Fair-value-through-profit-&-loss financial assets – – – (224)Property, plant and equipment 17,706 17,742 2,674 (3,095)Trade and other payables – – – –37,604 37,499 2,973 (4,339)Deferred Tax Expense/(Income) 680 (3,814)D – IMPUTATION CREDIT ACCOUNT BALANCESParentParent2010 2009$000 $000Balance at beginning of the period 4,127 3,872Adjustment to prior year balances (608) –Attached to dividends received 303 264Attached to dividends paid – –RWT refunded – (9)Parent company balance at end of year 3,822 4,127Available through indirect interests in subsidiaries – –Imputation Credits Available Directly And Indirectly To Shareholders Of The Parent Company 3,822 4,12788