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ASX Additional Information

THE GROUP PARENT ENTITY
2008 2007
$’000 $’000
2008 2007
$’000 $’000
NOTE 7 — TAXATION CONTINUED
Prima facie income tax expense calculated at the Group’s statutory income
tax rate of 30% on the accounting profit
Increase in income tax expense due to:
Depreciation and amortisation of buildings
Share of non-deductible items in partnerships’ income tax
Tax losses of non-resident controlled entity not carried forward as
deferred tax asset
Capital losses not recognised or utilised
Non-refundable franking credits grossed up
Dividends from equity accounted associates
Impairment write-down of associate carrying value
Share based payments not deductible for tax
Net higher overseas tax rate
Sundry items
Decrease in income tax expense due to:
Franking credits on dividends received
Franking credits on dividends received from equity accounted associates
Dividends received from controlled entities
Share of associates’ net profit
Capital profits offset by capital losses
Capital losses recognised or utilised
Sundry items
Income tax underprovided in prior year
44,047 30,730
710 677
117 227
1,424 4,095
— 1,358
180 1,137
300 1,833
1,276 —
413 120
90 217
19 —
4,529 9,664
172 1,164
429 2,625
— —
5,514 7,901
19,314 8,329
2,563 —
— 775
27,992 20,794
320 328
20,904 19,928
12,683 4,278
— —
— —
— —
— —
180 192
— —
3,675 —
293 92
— —
45 —
4,193 284
172 210
429 429
13,502 —
— —
— 1,156
2,563 2,654
— 63
16,666 4,512
44 76
254 126
(b) Current tax liabilities
Provision for current income tax
Movements during the year:
Balance at the beginning of the year
Income tax paid
Current year income tax provided
Current year’s income tax provision in respect of controlled entities taken
up by Parent Entity
Tax refunds received
Underprovision in prior year
4,779 6,299
(20,095) (18,733)
40,337 16,581
— —
— 208
331 424
25,352 4,779
4,523 6,857
(18,851) (17,576)
(6,183) (1,851)
44,882 16,809
— 208
45 76