Growthpoint Interactive Annual Report 2018

Notes to the Financial Statements continued Movement in temporary differences during the year Opening balance 1 July 2017 Charged to profit and loss Charged to equity Balance 30 June 2018 $’000 $’000 $’000 $’000 Non-current assets: Property, plant and equipment - 35 - 35 Equity raising costs 83 (31) - 53 Total 83 4 - 88 Current liabilities: Accrued expenses 164 64 - 228 Employee benefits 663 48 - 711 Prepayments 19 - - 19 Total 846 112 - 958 Total movement in temporary differences 929 116 - 1,046 Opening balance 1 July 2016 Charged to profit and loss Charged to equity Balance 30 June 2017 $’000 $’000 $’000 $’000 Non-current assets: Equity raising costs 69 (71) 85 83 Total 69 (71) 85 83 Current liabilities: Accrued expenses 146 18 - 164 Employee benefits 471 192 - 663 Prepayments 23 (4) - 19 Total 640 206 - 846 Total movement in temporary differences 709 135 85 929 4.4 Contingent liabilities The Group has no contingent liabilities as at the date of this report (2017: nil). 4.5 Commitments For details of commitments on properties to be expanded see Note 2.2. The Group has no other significant capital, lease or remuneration commitments in existence at reporting date, which have not been recognised as liabilities in these financial statements (2017: nil). 4.3 Taxation (continued) Income tax expense (continued) Growthpoint Properties Australia 2018 Annual Report 92