REPORTING CONTEXT ABOUT US OUR OPERATING CONTEXT OUR PERFORMANCE OUR LEADERSHIP GOVERNANCE OUR FINANCIAL STATEMENTS SHAREHOLDERS' CORNER (d) The carrying amounts of the borrowings are denominated in the following currencies: THE GROUP THE COMPANY 2022 MUR '000 2021 MUR '000 2022 MUR '000 2021 MUR '000 Mauritian Rupee 140 000 174 999 140 000 174 999 Euro 270 322 355 570 159 564 217 983 410 322 530 569 299 564 392 982 16. DEFERRED TAX LIABILITIES Deferred tax liabilities and assets are offset when they relate to the same fiscal authority. The following amounts are shown in the statements of financial position: THE GROUP THE COMPANY 2022 MUR '000 2021 MUR '000 2022 MUR '000 2021 MUR '000 Deferred tax liabilities 288 011 247 956 282 901 244 189 Deferred tax liabilities are calculated on all temporary differences under the liability method at a tax rate of 17% (2021: 17%). The movements on the deferred tax account are as follows: THE GROUP THE COMPANY 2022 MUR '000 2021 MUR '000 2022 MUR '000 2021 MUR '000 At 1 July 247 956 197 097 244 189 193 073 Credit to profit or loss (note 20(c)) (5 265) (3 242) (4 967) (3 005) Charge to other comprehensive income 45 320 54 101 43 679 54 121 At 30 June 288 011 247 956 282 901 244 189 Deferred tax liabilities and assets, deferred tax (credit)/charge in the statements of profit or loss and other comprehensive income are attributable to the following items: (a) The Group 2022 At July 1 2021 MUR '000 Charge/ (credit) to profit or loss MUR '000 Credit to other comprehensive income MUR '000 At 30 June 2022 MUR '000 Deferred tax liabilities Asset revaluation 45 662 (1 342) 45 264 89 584 Accelerated tax depreciation 271 314 3 317 – 274 631 15. BORROWINGS (continued) 2022 At July 1 2021 MUR '000 Charge/ (credit) to profit or loss MUR '000 Credit to other comprehensive income MUR '000 At 30 June 2022 MUR '000 Deferred tax assets Retirement benefit obligations (36 646) (1 035) 56 (37 625) Leases (4 313) (87) – (4 400) Provision on stock and receivables (28 061) (6 118) – (34 179) Net deferred tax liabilities 247 956 (5 265) 45 320 288 011 2021 At July 1 2020 MUR '000 Charge/ (credit) to profit or loss MUR '000 Credit to other comprehensive income MUR '000 At 30 June 2021 MUR '000 Deferred tax liabilities Asset revaluation 44 776 886 – 45 662 Accelerated tax depreciation 273 566 (2 252) – 271 314 Deferred tax assets Leases (3 889) (424) – (4 313) Retirement benefit obligations (88 204) (2 543) 54 101 (36 646) Provision on stock and receivables (29 153) 1 092 – (28 061) Net deferred tax liabilities 197 096 (3 241) 54 101 247 956 (b) The Company 2022 At July 1 2021 MUR '000 Charge/ (credit) to profit or loss MUR '000 Credit to other comprehensive income MUR '000 At 30 June 2022 MUR '000 Deferred tax liabilities Leases (3 143) (87) – (3 230) Asset revaluation 40 704 (1 026) 43 623 83 301 Accelerated tax depreciation 271 316 3 299 – 274 615 Deferred tax assets Retirement benefit obligations (36 627) (1 035) 56 (37 606) Provision on stock and receivables (28 061) (6 118) – (34 179) Net deferred tax liabilities 244 189 (4 967) 43 679 282 901 NOTES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 183 182 Phoenix Beverages Limited Integrated Report 2022 Phoenix Beverages Limited Integrated Report 2022
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