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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

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