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CIMIC Group Limited Annual Report 2016 |
Financial Report
Notes continued
for the 12 months to 31 December 2016
12. OTHER INVESTMENTS
Note
December 2016
$m
December 2015
$m
Equity and stapled securities available-for-sale
Listed investments
1.9
1.6
Unlisted investments
5.4
72.3
Total equity and stapled securities available-for-sale
35 (f)
7.3
73.9
Other financial assets at fair value through profit or loss
Unlisted investments
53.1
51.8
Call option to acquire shares
75.0
-
Total other financial assets at fair value through profit or loss
35 (f)
128.1
51.8
Current
-
-
Non-current
135.4
125.7
Total other investments
135.4
125.7
13. DEFERRED TAXES
December 2016
$m
December 2015
$m
Recognised deferred tax assets / (liabilities)
Deferred tax assets are attributed to the following:
Contract debtors
452.8
341.4
Property developments
17.6
13.9
Other inventories
5.8
2.1
Property, plant and equipment
(18.4)
(2.2)
Employee benefits
113.2
99.9
Contract profit differential
(296.5)
(297.9)
Withholding tax on retained earnings of non-resident and controlled entities
(71.0)
(64.0)
Investment revaluations
53.7
73.3
(Gain) / loss on disposal / acquisition of controlled entities
(119.5)
(191.3)
Foreign exchange
13.7
11.8
Tax losses
164.5
139.7
Other
(5.8)
(7.2)
Total deferred taxes
310.1
119.5
Unrecognised deferred tax assets
Deferred tax assets which have not been recognised in respect of tax losses
116.0
3.1
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