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Forest NSW Annual Report 2012

Forests NSW Consolidated Annual Financial Reports Year ended 30 June 2012 ABN 43 141 857 613 Notes to and forming part of the financial statements For the year ended 30 June 2012 Note 16: Deferred Tax Assets and Liabilities Assets  Liabilities  Net  Economic Entity 2012 2011 2012 2011 2012 2011 $’000 $’000 $’000 $’000 $’000 $’000 Property, plant and equipment (219) (94) 307 754 292 597 307 535 292 503 Biological Assets - - 220 297 225 188 220 297 225 188 Provisions (4783) (2166) - - (4783) (2166) Revenue in advance (5469) (7984) - - (5469) (7984) Other asset ( 96)       ( 96)   Net deferred tax (assets)/ liabilities (10 567) (10 244) 528 051 517 785 517 484 507 541 Assets  Liabilities  Net  Statutory Corporation 2012 2011 2012 2011 2012 2011 $’000 $’000 $’000 $’000 $’000 $’000 Property, plant and equipment (219) (94) 307 754 292 597 307 535 292 503 Biological Assets - - 220 297 225 188 220 297 225 188 Provisions (4783) (2166) - - (4783) (2166) Revenue in advance (5469) (7984) - - (5469) (7984) Other asset ( 96)       ( 96)   Net deferred tax (assets)/ liabilities (10 567) (10 244) 528 051 517 785 517 484 507 541 Balance Recognised in Recognised Balance Recognised Recognised Recognised Balance 30 June comprehensive in equity 30 June in profit in other directly in 30 June Economic Entity 2010 income 2011 or loss comprehensive equity 2012 income Property, plant and 285 086 16 267 (8850) 292 503 (853) - 15 885 307 535 equipment Biological Assets 198 596 26 592 - 225 188 (4891) - - 220 297 Provisions (5095) 2929 - (2166) (2617) - - (4783) Revenue in advance (7716) (268) - (7984) 2515 - - (5469) Other asset         ( 96)     ( 96)   470 871 45 520 (8850) 507 541 (5942) - 15 885 517 484 Balance Recognised in Recognised Balance Recognised Recognised Recognised Balance Statutory 30 June comprehensive in equity 30 June in profit in other directly in 30 June Corporation 2010 income 2011 or loss comprehensive equity 2012 income Property, plant and 285 086 16 267 (8850) 292 503 (853) - 15 885 307 535 equipment Biological Assets 198 596 26 592 - 225 188 (4891) - - 220 297 Provisions (5095) 2929 - (2166) (2617) - - (4783) Revenue in advance (7716) (268) - (7984) 2515 - - (5469) Other asset         ( 96)     ( 96)   470 871 45 520 (8850) 507 541 (5942) - 15 885 517 484 76 Forests NSW Annual Report 2011–12 Social, Environmental and Economic Performance


Forest NSW Annual Report 2012
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