2017 WEL Networks
|
Annual Report
54
WEL NETWORKS LIMITED
Notes to the financial statements
For the year-ended 31 March 2017
(continued)
16 CONTRIBUTED EQUITY
15 NON-CURRENT LIABILITIES – DEFERRED TAX LIABILITIES/(ASSETS)
Accelerated
tax
depreciation
$’000
Revaluation
of property,
plant and
equipment
$’000
Provisions
and other
$’000
Derivative
instruments
$’000
T
ax Losses
$’000
Total
$’000
At 1 April 2015
11,903
61,972
2,517
(505)
-
75,887
Charged/(credited) to the statement
of comprehensive income
3,152
-
(1,260)
-
-
1,892
Charged/(credited) directly to
equity – revaluations
-
(773)
-
-
-
(773)
Charged/(credited) directly to
equity – derivatives
-
-
-
(1,726)
-
(1,726)
At 31 March 2016
15,055
61,199
1,257
(2,231)
-
75,280
At 1 April 2016
15,055
61,199
1,257
(2,231)
-
75,280
Charged/(credited) to the statement
of comprehensive income
4,325
-
1,106
-
(681)
4,750
Charged/(credited) directly to
equity – revaluations
-
(566)
-
-
-
(566)
Acquired through business
combination
2,310
15,548
604
-
(16,165)
2,297
Charged/(credited) directly to
equity – derivatives
-
-
-
954
-
954
At 31 March 2017
21,690
76,181
2,967
(1,277)
(16,846)
82,715
(a)
Share capital
2017
Shares
000
2016
Shares
000
2017
000
2016
000
Opening balance
8,153
8,153
111,142
111,142
Shares issued in the year
-
-
-
-
8,153
8,153
111,142
111,142
(b)
Convertible notes
Opening balance
39,000
39,000
Notes issued
-
-
Closing balance
39,000
39,000
The shares are authorised, issued and fully paid with no par value. Shares carry equal value voting rights.
