Rangatira Annual Report 2025 - Flipbook - Page 46
Rangatira Investments
2025
Opening
balance
$000
Charged to
comprehensive
income
$000
Business
acquisitions
and disposals
$000
Transition to
investment
entity
$000
Closing
balance
$000
Gross deferred tax liabilities
Property, plant and equipment
(328)
(93)
-
421
-
Intangible assets
3,725
(79)
-
(3,646)
-
Total deferred tax liabilities
3,397
(172)
-
(3,225)
-
Provisions, doubtful debts and impairment losses
1,131
(308)
-
(380)
443
Leases
1,677
346
-
(2,022)
1
Gross deferred tax assets
Fair value through profit or loss financial assets
Total deferred tax assets
2024
401
21
-
(422)
-
3,209
59
-
(2,824)
444
Opening
balance
$000
Charged to
comprehensive
income
$000
Business
acquisitions
and disposals
$000
Transition to
investment
entity
$000
Closing
balance
$000
Gross deferred tax liabilities
Property, plant and equipment
(211)
(103)
(14)
-
(328)
Intangible assets
4,210
(224)
(261)
-
3,725
Total deferred tax liabilities
3,999
(327)
(275)
-
3,397
Provisions, doubtful debts and impairment losses
1,934
113
(916)
-
1,131
Leases
Gross deferred tax assets
1,652
461
(436)
-
1,677
Fair value through profit or loss financial assets
54
347
-
-
401
Tax losses
713
-
(713)
-
-
4,353
921
(2,065)
-
3,209
Total deferred tax assets
Balances removed as part of transition to investment entity
Certain deferred tax balances were eliminated as part of the Company’s application of the investment entity
exemption from 30 September 2024.
Note 6 Cash and cash equivalents
Accounting policy
Cash and cash equivalents include cash on hand, deposits held at call with banks, other short-term highly liquid
investments with original maturities of three months or less.
Cash at bank on hand
Cash equivalents
Total cash and cash equivalents
2025
$000
2024
$000
6,720
15,406
-
50,000
6,720
65,406
No expected credit loss allowance has been recognised because the estimated amount is trivial. All cash and
cash equivalents are held with financial institutions with a Standards and Poor’s credit rating of at least AA-.
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