Page 124 - Neal and Massy Holdings Annual Report 2012

122 2012
NOTES TO THE Consolidated FINANCIAL STATEMENTS
September 30, 2012
Expressed in Thousands of Trinidad and Tobago dollars
14 Deferred Income Tax (continued)
Deferred income tax liabilities (continued)
The movement in the deferred tax liabilities during the year ended September 30, 2012 is as follows:
Charge to consolidated Other
30.09.11 income statement movements 30.09.12
$ $ $ $
Accelerated depreciation 59,767 5,945 213 65,925
Pension plan surplus 56,791 3,794 2,422 63,007
Other (1,334) 472 320 (542)
115,224 10,211 2,955 128,390
The movement in the deferred tax liabilities during the year ended September 30, 2011 is as follows:
Transferred to
Charge/(credit) to disposal group
consolidated Other classified as held
30.09.10 income statement movements for sale 30.09.11
$ $ $ $ $
Accelerated depreciation 47,516 11,896 4,455 (4,100) 59,767
Pension plan surplus 50,644 4,742 1,405 - 56,791
Other 1,749 (2,203) (880) - (1,334)
99,909 14,435 4,980 (4,100) 115,224
Deferred income tax assets
The movement in the deferred tax assets during the year ended September 30, 2012 is as follows:
2012 2011
$ $
Balance at beginning of year 68,039 85,331
Charge for the year (3,233) (10,302)
Other movements (2,826) 19
Transferred to disposal group classified as held for sale (Note 35) - (7,009)
Balance at end of year 61,980 68,039