CQUniversity Annual Report - Central Queensland University

CQUniversity ANNUAL REPORT 2012Note 27. Deferred tax assets and liabilitiesCentral Queensland Universityand Controlled EntitiesNotes to the Financial Statementsfor the year ended 31 December 2012ConsolidatedThe balance comprises temporary differencesattributable to:Assets Liabilities Net2012 2011 2012 2011 2012 2011$'000 $'000 $'000 $'000 $'000 $'000Prepayments - - (59) (95) (59) (95)Property, plant and equipment 162 212 - - 162 212Accrued interest - - (2) (3) (2) (3)Payables 145 125 - - 145 125Employee provisions 1,249 1,340 - - 1,249 1,340FBT liability - 4 (12) - (12) 4Other legal and consultancy fees - - - - - -Vehicle leases - - - (57) - (57)Tax loss carried forward 429 - - - 429 -1,985 1,681 (73) (155) 1,912 1,52637ANNUAL FINANCIAL STATEMENTSMovement in temporary differences during the year: Balance Recognised Balance01-Jan-11 in income 31-Dec-11$'000 $'000 $'000Prepayments (138) 43 (95)Property, plant and equipment 193 19 212Accrued interest (3) - (3)Payables 123 2 125Employee provisions 1,142 198 1,340FBT Liability (3) 7 4Other legal and consultancy fees 13 (13) -Vehicle leases (51) (6) (57)Tax loss carried forward - - -1,276 250 1,526Movement in temporary differences during the year: Balance Recognised Balance01-Jan-12 in income 31-Dec-12$'000 $'000 $'000Prepayments (95) 36 (59)Property, plant and equipment 212 (50) 162Accrued interest (3) 1 (2)Payables 125 20 145Employee provisions 1,340 (91) 1,249FBT Liability 4 (16) (12)Other legal and consultancy fees - - -Vehicle leases (57) 57 -Tax loss carried forward - 429 4291,526 386 1,912