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73
APN
annual report
2011
notes to the financial statements
APN News & Media Limited and Controlled Entities
17. DEFERRED TAX ASSETS AND LIABILITIES
Movements in deferred tax
Balance
1 Jan 11
$’000
Recognised
in income
$’000
Recognised
in equity
$’000
Other
movements
$’000
Balance
31 Dec 11
$’000
Tax losses
22,595
13,146
–
–
35,741
Employee benefits
6,094
(492)
–
–
5,602
Doubtful debts
2,265
(1,455)
–
–
810
Accruals/restructuring
3,438
2,613
–
–
6,051
Intangible assets
(134,552)
45,759
1,159
262
(87,372)
Depreciation
(24,659)
21,104
–
–
(3,555)
Other
18,364
(23,279)
–
–
(4,915)
(106,455)
57,396
1,159
262
(47,638)
Balance
1 Jan 10
$’000
Recognised
in income
$’000
Recognised
in equity
$’000
Other
movements
$’000
Balance
31 Dec 10
$’000
Tax losses
28,643
(6,048)
–
–
22,595
Employee benefits
6,112
(18)
–
–
6,094
Doubtful debts
1,621
644
–
–
2,265
Accruals/restructuring
4,178
(740)
–
–
3,438
Intangible assets
(142,426)
1,347
7,228
(701)
(134,552)
Depreciation
(20,051)
(4,608)
–
–
(24,659)
Other
8,613
334
9,542
(125)
18,364
(113,310)
(9,089)
16,770
(826)
(106,455)
There are no material unbooked tax losses as at 31 December 2011.