Wellcom_FY11-Financial-Report

44 wellcom group limited notes to the consolidated

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Unformatted text preview: ces The tax rate used in the above reconciliation is the corporate tax rate of 30% payable by Australian corporate entities on taxable profits under Australian tax law. 44 Wellcom Group Limited Notes to the Consolidated Financial Statements 4. Income taxes (continued) 2011 $’000 2010 $’000 - - 1,684 955 1,618 1,618 1,748 1,748 9 9 467 467 For personal use only (b) Current tax assets and liabilities Current tax assets Current tax liabilities (c) Deferred tax balances Deferred tax assets comprise: Temporary differences Deferred tax liabilities comprise: Temporary differences 2011 Opening balance $’000 Gross deferred tax assets: Doubtful debts Provisions Investments in joint venture Accruals Lease incentive Property, plant and equipment Tax losses Gross deferred tax liabilities: Interest receivable Property, plant and equipment Doubtful debts Investments in joint venture Charged/ Credited to Income $’000 Acquisitions/ Disposals $’000 Closing balance $’000 62 1,020 135 18 37 476 1,748 11 74 222 156 (18) (12) 33 466 (61) (60) (25) (450)...
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