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2013
$‘000
Consolidated
2012
$‘000
Leasehold land
$‘000
2. Income tax recognised in profit
The prima facie income tax expense on pre-tax accounting profit
reconciles to the income tax expense in the financial statements
as follows:
Income tax expense calculated at 30%
Non-deductible depreciation
Under/(over) provision of income tax in previous year
Income tax expense
288,926
242,749
86,678
72,826
189
167
48
33
-
-
86,915
73,026
Plant and
equipment
Assets under
construction
Total
$‘000
$‘000
$‘000
$‘000
$‘000
Gross carrying amount –
at cost
Balance at 30 June 2012
43,365
32,461
67,362
586,304
784,555
369,265
105,802
1,913,288
Additions
-
-
-
-
228,249
228,249
Disposals
-
(596)
(1,201)
(11,070)
-
(12,867)
17,105
-
-
-
-
17,105
Transfers to / (from) assets
under construction
16
47,872
61,422
37,876
(147,186)
-
Balance at 30 June 2013
3. Current receivables
Trade receivables
Roads, runways
and other
Buildings
infrastructure
4. Property, plant and equipment
Permanent differences:
Non deductible expenses
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Summary of Key Notes to Financial Information
for the financial year ended 30 June 2013
Consolidated
Profit from operations
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Summary of Key Notes
Summary of Key Notes
Summary of Key Notes to Financial Information
for the financial year ended 30 June 2013
84,483
633,580
844,776
396,071
186,865
2,145,775
9,195
157,437
188,604
174,206
-
528,902
Transfers (to) / from Investment
Property
Accumulated depreciation/
amortisation
Balance at 30 June 2012
Depreciation and amortisation
expense
828
24,705
26,024
32,058
-
83,615
Disposals
-
(401)
(793)
(11,056)
-
(12,050)
Transfers to Investment
Property
-
-
-
-
-
-
Balance at 30 June 2013
10,023
181,741
213,295
195,208
-
600,267
Net book value as at
30 June 2013
74,460
451,839
631,481
200,863
186,865
1,545,508
An independent valuation of certain assets was completed at 30 June 2012. Leasehold land, buildings, roads
and runways and other infrastructure were valued by Mr Gary Longden FAPI of the firm Jones Lang LaSalle.
The valuation was based on depreciated replacement value. The Directors have adopted cost approach in the
accounts. If the valuation had been booked the carrying values would have been $150,800,000 for leasehold
land, $487,700,000 for buildings and $855,300,000 for roads, runways and infrastructure as at 30 June 2012.
The valuation did not include any allowance for capital gains tax that may arise on disposal.
Consolidated
2013
$‘000
2012
$‘000
828
718
- Buildings
24,705
23,163
- Roads, runways and other infrastructure
26,024
23,516
- Plant and equipment
32,058
27,536
83,615
74,933
Aggregate depreciation and amortisation allocated, whether
recognised as an expense or capitalised as part of the carrying
amount of other assets during the year.
- Leasehold land
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Australia Pacific Airports Corporation Limited FINANCIAL REPORT 2013
Australia Pacific Airports Corporation Limited FINANCIAL REPORT 2013
31