Qantas 2013 Annual Report Download - page 131
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129
QANTAS ANNUAL REPORT 2013
18. Deferred Tax Liabilities
Qantas Group
2013
$M
2012
$M
Deferred tax liabilities 673 644
Total deferred tax liabilities 673 644
Qantas Group
2013
$M Opening
Balance
Recognised in
the Consolidated
Income Statement
Recognised
in Other
Comprehensive
Income
Acquisition of
Controlled Entity
Closing
Balance
Reconciliations
Inventories (15) (1) – – (16)
Property, plant and equipment and intangible assets (1,797) (59) – – (1,856)
Payables 48 (10) – – 38
Revenue received in advance 619 20 – – 639
Interest-bearing liabilities (82) (1) – – (83)
Other nancial assets/liabilities (35) (29) (35) – (99)
Provisions 352 (33) – 16 335
Other items (211) 26 – 1 (184)
Tax value of recognised tax losses 477 76 – – 553
Total deferred tax liabilities (644) (11) (35) 17 (673)
2012
$M
Reconciliations
Inventories (16) 1 – – (15)
Property, plant and equipment and intangible assets (1,723) (74) – – (1,797)
Payables 59 (11) – – 48
Revenue received in advance 597 22 – – 619
Interest-bearing liabilities (99) 17 – – (82)
Other nancial assets/liabilities (30) (21) 16 – (35)
Provisions 279 73 – – 352
Other items (181) (30) – – (211)
Tax value of recognised tax losses 347 130 – – 477
Total deferred tax liabilities (767) 107 16 – (644)
At 30 June 2013 there is no recognised or unrecognised deferred tax liability for taxes that would be payable on the unremitted
earnings of the Qantas Group’s controlled entities, associates and jointly controlled entities (2012: nil).
UNRECOGNISED DEFERRED TAX ASSETS
Deferred tax assets have not been recognised with respect to the following items because it is not probable that future taxable
prot will be available against which the Qantas Group can utilise these benets:
Qantas Group
2013
$M
2012
$M
Tax losses – New Zealand operations 17 13
Tax losses – Singapore operations 8
8
Tax losses – Hong Kong operations 7
5
Total unrecognised deferred tax assets – tax losses 32 26