COMPUTERSHARE ANNUAL REPORT 2008

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ConsolidatedParent Entity2008 2007 2008 2007$000 $000 $000 $00022. TAX LIABILITIESCurrent tax liabilitiesProvision for income tax 48,200 21,307 25,913 11,437Deferred tax liabilitiesProvision for deferred income tax on temporary differences 68,158 17,921 - -The balance of the deferred tax liability predominantly relates to the deductibilityof certain amounts for tax purposes, including deductible goodwill amortisation,the benefit of which may reverse on ultimate disposal of the business to whichthey relate.Movements during the year:Opening balance at 1 July 17,921 16,649 - -Currency translation difference 755 844 - -Charged/(credited) to the income statement (note 5) 48,645 660 1,443 432Charged/(credited) to equity (317) (232) - -Set off of deferred tax assets - - (1,443) (432)Acquisition of subsidiary 1,154 - - -Closing balance at 30 June 68,158 17,921 - -23. PROVISIONSCurrentLoss on early termination of lease - 190 - -Future services 6,504 1,588 - -Restructuring 18,440 10,862 - -Provisions arising from continuing operations 9,837 10,776 - -Other 8,694 11,260 - -43,475 34,676 - -Non-CurrentEmployee entitlements (note 28) 13,387 12,981 492 414Restructuring 38,244 41,279 - -51,631 54,260 492 414Movements in each class of current provision during the financial year, other than employee entitlements, are set out below.Loss onearlyterminationof leaseFutureservicesRestructuringProvisionsarising fromcontinuingoperations Other Total$000 $000 $000 $000 $000 $000Carrying amount at start of year 190 1,588 10,862 10,776 11,260 34,676Additional provisions recognisedthrough profit and loss 4 5,097 18,166 837 383 24,487Payments/other sacrifices of economic benefits (92) (85) (9,528) (349) (2,735) (12,789)Acquisitions of subsidiaries - - - - 1,800 1,800Other transfers (102) (102) 77 - 42 (85)Reversals - - (1,366) (1,427) (2,229) (5,022)Exchange rate impacts on opening balance - 6 229 - 173 408Carrying amount at end of year - 6,504 18,440 9,837 8,694 43,475The additional restructuring provision predominately relates to QM Technologies acquisition and North Americaproperty restructure.02-13Overview14-36Governance37-88Financials89-92Reports93-96Further InformationPAGE 61
Notes to the Financial StatementsMovements in each class of non-current provision during the financial year, other than employee entitlements, are set out below.Restructuring$000Carrying amount at start of year 41,279Additional provisions recognised 4,409Payments/other sacrifices of economic benefits (6,288)Acquisition of subsidiaries 4,101Other transfers and reversals (5,257)Carrying amount at end of year 38,244ConsolidatedParent Entity2008 2007 2008 2007$000 $000 $000 $00024. DEFERRED CONSIDERATIONCurrentDeferred settlement on acquisition of entities 6,783 19,643 - -Non-CurrentDeferred settlement on acquisition of entities (a) 17,589 19,501 - -25. OTHER LIABILITIESNon-CurrentLease inducements (b) 7,796 7,567 - -(a) Non-current deferred settlement on acquisition of entities is payable between one to five years.(b) Lease inducements represent cash payments received as an allowance for leasehold improvements made to the premises. Thisreceipt is being accounted for as a reduction in the rental expenses over the term of the lease.PAGE 62 Computershare Annual Report 2008
Page 7 and 8:
Management Discussion and AnalysisC
Page 9 and 10:
North America Regional OverviewDesp
Page 12: 2008 HIGHLIGHTS> Acted for all majo
Page 16 and 17: As at the date of this Annual Repor
Page 18 and 19: 4. BOARD INDEPENDENCEThe Board has
Page 20 and 21: With limited exceptions, the Compan
Page 22 and 23: PricewaterhouseCoopers rotates audi
Page 24 and 25: DIVIDENDSThe following dividends of
Page 26 and 27: LIKELY DEVELOPMENTS AND FUTURE RESU
Page 28 and 29: No incentives, either short or long
Page 30 and 31: In the case of key management perso
Page 32 and 33: Key management personnel and most h
Page 34 and 35: Value of options included in key ma
Page 36 and 37: Details of the amounts paid to the
Page 38 and 39: Income Statements for the year ende
Page 40 and 41: Statements of Changes in Equity for
Page 42 and 43: Notes to the Financial Statements1.
Page 44 and 45: Impairment of assetsAll non-current
Page 46 and 47: Business combinationsThe purchase m
Page 48 and 49: HedgingThe Group documents at the i
Page 50 and 51: 2. REVENUE AND EXPENSES FROM CONTIN
Page 52 and 53: 5. INCOME TAXa) Income tax expenseC
Page 54 and 55: Reconciliation of weighted average
Page 56 and 57: ConsolidatedLand atcost$00016. PROP
Page 58 and 59: ConsolidatedParent Entity2008 2007
Page 60 and 61: Impairment tests for goodwillGoodwi
Page 64 and 65: ConsolidatedParent Entity2008 2007
Page 66 and 67: Nature and purpose of reservesi. Fo
Page 68 and 69: Defined Benefit Funds1) Karvy Compu
Page 70 and 71: Name of subsidiaryPlace of incorpor
Page 72 and 73: Name of subsidiaryPlace of incorpor
Page 74 and 75: The assets and liabilities arising
Page 76 and 77: Computershare Limited Closed Group
Page 78 and 79: 33. RELATED PARTY DISCLOSURESKey ma
Page 80 and 81: (a) Interest rate riskInterest rate
Page 82 and 83: The consolidated entity minimises c
Page 84 and 85: (c) OtherThe Group is subject to re
Page 86 and 87: SECONDARY BASIS - Business Segments
Page 88 and 89: 40. ASSOCIATED ENTITIESDetails of i
Page 90 and 91: Directors’ DeclarationIn the dire
Page 92 and 93: Independent Auditor’s Report02-13
Page 94 and 95: Shareholder InformationThis section
Page 96 and 97: Office Locations02-13Overview14-36G
Page 98: HEAD OfficeComputershare LimitedABN
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COMPUTERSHARE ANNUAL REPORT 2008

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