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CCA Group CCA Entity

Note 20. Deferred Tax Assets and Liabilities continued
c) Deferred tax assets and liabilities at the end of the financial year
(prior to offsetting balances within the same tax jurisdiction)
are attributable to –

Deferred tax assets (gross)

Trade receivables
Inventories
Property, plant and equipment
Intangibles assets
Accrued charges
Employee benefits provisions
Defined benefit superannuation plan liabilities
Income tax losses
Derivatives
Other

Total deferred tax assets (gross)

2007
$M
2.0
5.4
1.9
0.9
9.5
29.6
11.0
1.1
–
8.9
70.3
(7.2)
(133.0)
(47.1)
(16.1)
(13.2)
(5.2)
(221.8)
(151.5)
0.6
(3.5)
–
1.6
(0.3)
(2.1)
(2.2)
(0.5)
0.7
(5.7)
0.9
0.2
(6.9)
(2.9)
–
(16.8)
(1.7)
3.6
(23.6)
(29.3)
62.5

2006
$M

2007
$M
–
–
1.6
–
2.2
11.0
4.5
–
–
3.4
22.7
–
–
–
–
(17.5)
(0.3)
(17.8)
4.9
–
–
0.4
–
–
(1.6)
(1.4)
–
2.0
(0.6)
–
–
–
–
–
–
–
–
–
(0.6)
$M

Deferred tax liabilities (gross)

Inventories

(6.4)
–
Investments in bottlers’ agreements

(290.9)
–
Property, plant and equipment

(50.4)
–
Retained earnings balances of overseas subsidiaries1

(32.9)
–
Derivatives

(6.3)
(6.8)
Other
(1.3)
(0.1)
Total deferred tax liabilities (gross)

(388.2)
(6.9)
Net deferred tax (liabilities)/assets

(325.7)
Represents all withholding taxes payable on unremitted retained earnings of overseas subsidiaries.

d) Movements in deferred tax assets and liabilities during the
financial year, reflected in deferred tax expense/(benefit) –

Deferred tax assets

Trade receivables
Inventories
Property, plant and equipment
Intangibles
Accrued charges
Employee benefits provisions
Defined benefit superannuation plan liabilities
Income tax losses
Other

2.5

2.2

1.3

2.5

11.0

25.6

9.7

0.8

0.5

6.4

–
–

2.1
–
2.1

9.4

1.1
–
–
5.1

(1.4)
7.9

(0.4)
(1.7)
2.0

(0.6)
(3.5)
22.8

0.2

–
–
(0.2)
–
1.0
(1.4)
(0.2)
(2.9)
(1.5)

Total deferred tax assets

25.3

(5.2)
Deferred tax liabilities

Inventories
Prepayments
Investments in bottlers’ agreements
Property, plant and equipment
Defined benefit superannuation plan asset
Retained earnings balances of overseas subsidiaries
Derivatives
Other

(0.2)
0.2
–
(8.7)
(0.3)
(9.2)
–
(0.2)
–
–
–
–
–
–
–
–

Total deferred tax liabilities

(18.4)
–

Net deferred tax (benefit)/expense

6.9

(5.2)