AnnuAl REPORT 2011-2012 - Sbs

NOTES TO THE FINANCIAL STATEMENTS
6(a) Income tax expense (cont.)
tax recognised in other comprehensive income
COnSOlIDAteD
FoR tHe YeAR eNDeD 30 JUNe 2012
BeFoRe
tAX
tAX
eXPeNse
Net oF
tAX
Revaluation of property, plant and equipment 12 (4) 8
For the year ended 30 June 2011 – Nil – – –
There were no balances within the Corporation.
6(b) Current tax payable
Notes
COnSOlIDAteD CORpORAtIOn
2012
$’000
2011
$’000
2012
$’000
2011
$’000
Movements during the year:
Balance at beginning of year 79 6 – –
Acquired in business combination – – – –
Current year – 195 – –
Income tax payments (101) (154) – –
Under/(over) provision in prior year (57) 32 – –
Balance of current tax payable/(receivable) at
end of year 7(b) (79) 79 – –
6(c) Deferred tax liabilities/(assets)
Deferred tax liabilities/(assets) are attributable
to the following:
Employee entitlements (11) (53) – –
Accruals and other items (22) (14) – –
Plant and equipment (40) 17 – –
Prepayments 2 3 – –
Interest receivable 1 4 – –
Program rights 787 323 – –
Current year tax loss (378) – – –
total net deferred tax liabilities 339 280 – –
6(d) balance of franking account after taxes
and dividends paid during the year: 2,461 2,360 – –
94 SBS