63 l BRADKEN LIMITED ANNUAL REPORT 2014
Notes to the consolidated financial statements
30 June 2014
(continued)
15 Deferred tax assets
2014
2013
$'000
$'000
Amounts recognised in profit or loss
Doubtful debts
11
146
Employee benefits
14,402
16,175
Depreciation
257
1,318
Other provisions
11,497
4,040
Unrealised foreign exchange differences
8,231
6,563
Other accruals
5,743
6,519
Tax losses
297
2,136
Cash flow hedges
835
676
Other
2,351
2,795
Total deferred tax assets
43,624
40,368
Net deferred tax assets
(32,727)
(34,309)
10,897
6,059
Movements:
Opening balance at 1 July
40,368
36,944
Credited/(charged) to the income statement (note 8)
3,553
2,704
Credited/(charged) to other comprehensive income (note 8)
159
(346)
Credited/(charged) to equity
(456)
(778)
Acquisition of subsidiary (note 30)
-
39
Reclassification from other current assets to deferred tax assets
-
1,805
Closing balance at 30 June
43,624
40,368
The balance comprises temporary differences
attributable to:
Set off of deferred tax liabilities of parent entity pursuant to set
off provisions (note 21)
Page 63
Bradken Limited
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS
(CONTINUED)
1...,90,91,92,93,94,95,96,97,98,99 101,102,103,104,105,106,107,108,109,110,...136