INSTRUCTIONS - Realview

NOTES TO THEFINANCIAL STATEMENTSFor the year ended 30 June 2009Note 9 Income tax expense cont.(c) Unrecognised deferred tax balanceconsolidatedparent entity2009 2008 2009 2008$’000 $’000 $’000 $’000Deferred tax liabilitiesAccrued income 446 457 446 457Mining properties – exploration 16,251 23,551 16,251 23,551Mining properties – development 77,667 76,379 77,667 76,379Consumables 7,690 3,815 7,690 3,815Option premiums – 22,162 – 22,162Convertible notes 10,232 6,801 10,232 6,801Total 112,286 133,165 112,286 133,165Tax effect @ 30% 33,686 39,950 33,686 39,950Deferred tax assetsTax losses 239,195 180,599 239,195 180,599Provisions and accruals 36,270 34,039 36,270 34,039Investment fair value reserve 3,401 – 3,401 –Tax assets without a carrying amount 9,474 619 9,474 619Depreciation 1,438 1,076 1,438 1,076Total 289,778 216,333 289,778 216,333Tax effect @ 30% 86,933 64,900 86,933 64,900Net deferred tax asset (unbooked) (1) 53,247 24,950 53,247 24,950(1) The net deferred tax asset has not been recognised because it is not yet probable that future taxable profit will be available againstwhich the consolidated entity can utilise the benefits there from.Note 10 Cash and cash equivalentsconsolidatedparent entity2009 2008 2009 2008$’000 $’000 $’000 $’000Cash at bank and on hand 18,692 7,517 13,693 7,517Term deposits 35,000 28,000 35,000 28,00053,692 35,517 53,692 35,517Cash placed on deposit to secure a bank guarantee facility is reported as current “Other Receivables” in Note 11.(a) Cash at bank and on handCash at bank at 30 June 2009 invested “at call” was earning interest at an average rate of 2.59% per annum.(b) DepositsThe deposits at 30 June 2009 were earning interest rates of between 2.95% and 3.80% per annum.70