Vector AR’19 ― notes to the financial statements (continued)
10. Deferred tax Deferred tax liability/ (asset)
PROVISIONS AND ACCRUALS $M
PPE AND INTANGIBLES $M
HEDGE RESERVES $M
OTHER $M
TOTAL $M
NOTE
Balance at 1 July 2017
492.4
(8.3)
(19.0)
10.4
475.5
Recognised in profit or loss
23.5
(11.3)
–
(3.5)
8.7 3.5
Recognised in other comprehensive income Recognised from business combinations
–
– –
3.5
– –
(1.1)
–
(1.1)
Balance at 30 June 2018 Recognised in profit or loss
514.8
(19.6)
(15.5)
6.9
486.6
20.5
(5.9)
–
(2.9)
11.7
– – –
– – –
(8.2)
–
(8.2) (2.3) (0.2)
Recognised in other comprehensive income Recognised from adoption of NZ IFRS 15 Recognised from adoption of NZ IFRS 16
– –
(2.3) (0.2)
5
Balance at 30 June 2019
535.3
(25.5)
(23.7)
1.5
487.6
The group’s deferred tax position is presented in the balance sheet as follows:
2019 $M
2018 $M
(0.2)
Deferred tax asset Deferred tax liability
(0.1)
487.8 487.6
486.7 486.6
Total
Policies
Deferred tax is: —— Recognised on temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. —— Not recognised for the initial recognition of goodwill. —— Measured at tax rates that are expected to be applied to the temporary differences when they reverse.
11. Trade and other receivables
2019 $M
2018 $M
Current Trade receivables Interest receivable
76.3
71.6 17.3 11.7
9.4
11.1
Prepayments
3.3
Other
3.9
Balance at 30 June Non-current Other receivables Balance at 30 June
100.1
104.5
1.7 1.7
0.1 0.1
― 66
Made with FlippingBook HTML5