Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Deferred Tax

v3.22.2.2
Deferred Tax
12 Months Ended
Sep. 30, 2022
Deferred Tax  
Deferred Tax

20.    Deferred Tax

    

2022

2021

    

2020

    

$'000

    

$'000

    

$'000

At the beginning of the period

 

 

551

Movement in the year recognised in profit or loss

 

 

(569)

Foreign exchange on translation

18

At the end of the year

 

 

The deferred tax liability/(asset) is made up as follows:

 

 

  

Intangible asset and other timing differences

 

10,389

4,685

 

1,582

Unrelieved tax losses

 

(10,389)

(4,685)

 

(1,582)

 

 

In total there are $42.204 million of unrecognised deferred tax assets. This comprises an unrecognised deferred tax asset of $38.132 million in respect of unrelieved tax losses carried forward and $4.0723 million in respect of share scheme differences. These assets have not been recognised as the Group is uncertain on when there will be sufficient future taxable profits against which to utilise the assets.