annual report - Pumpkin Patch investor relations
annual report - Pumpkin Patch investor relations
annual report - Pumpkin Patch investor relations
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PUMPKIN PATCH LIMITED & SUBSIDIARIES NOTES TO THE FINANCIAL STATEMENTS 31 JULY 2010<br />
PUMPKIN PATCH LIMITED & SUBSIDIARIES NOTES TO THE FINANCIAL STATEMENTS 31 JULY 2010<br />
12 INTANGIBLE ASSETS continued<br />
Software<br />
Total<br />
Parent $Õ000 $Õ000<br />
Year ended 31 July 2010<br />
Opening net book amount 6,653 6,653<br />
Additions 3,624 3,624<br />
Amortisation charge (2,408) (2,408)<br />
Closing net book amount 7,869 7,869<br />
At 31 July 2010<br />
Cost 15,597 15,597<br />
Accumulated amortisation (7,728) (7,728)<br />
Net book amount 7,869 7,869<br />
At 01 August 2008<br />
Cost 8,498 8,498<br />
Accumulated amortisation (3,845) (3,845)<br />
Net book amount 4,653 4,653<br />
Year ended 31 July 2009<br />
Opening net book amount 4,653 4,653<br />
Additions 3,475 3,475<br />
Amortisation charge (1,475) (1,475)<br />
Closing net book amount 6,653 6,653<br />
At 31 July 2009<br />
Cost 11,974 11,974<br />
Accumulated amortisation (5,321) (5,321)<br />
Net book amount 6,653 6,653<br />
13 DEFERRED TAX ASSETS/ (LIABILITIES)<br />
Consolidated at Parent at<br />
31 July<br />
2010<br />
31 July<br />
2009<br />
31 July<br />
2010<br />
31 July<br />
2009<br />
$Õ000 $Õ000 $Õ000 $Õ000<br />
The balance comprises temporary differences<br />
attributable to:<br />
Amounts recognised in the income statement:<br />
Employee benefits 1,610 1,449 621 630<br />
Non-deductible provisions 3,041 3,524 306 60<br />
Property, plant and equipment (1,354) (416) (1,742) (988)<br />
Trade and other receivables (86) - (81) -<br />
Derivatives 5,419 5,081 - -<br />
Other Items 534 (136) - (81)<br />
Impact of tax rate change (3) - 92 -<br />
Total deferred asset/(liability) 9,161 9,502 (804) (379)<br />
Movements:<br />
Opening balance at 1 August 9,502 8,430 (379) (199)<br />
Credited (charged) to the income statement<br />
relating to continuing operations (note 6) (6,371) (629) (240) (116)<br />
Credited (charged) to the income statement<br />
relating to discontinued operations - 2,628 - -<br />
Credited (charged) to equity 5,319 - - -<br />
Prior year adjustment 964 (927) (27) (64)<br />
Impact of tax rate change (3) - 92 -<br />
Adjustment for removal of building depreciation (250) - (250) -<br />
Closing balance at 31 July 9,161 9,502 (804) (379)<br />
Deferred income tax assets are recognised for provisions, financial derivatives and fixed<br />
assets to the extent that the realisation of the related tax benefit through future taxable<br />
profit is deemed to be probable.<br />
The majority of the deferred income tax balances are expected to be settled in the next<br />
12 months.<br />
20<br />
years<br />
young<br />
69