18 Carpati The following information relates to Carpati: The carrying amount of plant and equipment.

18Carpati

The following information relates to Carpati:

• The carrying amount of plant and equipment at 30 September 20X6 is $1,185,000.
• The tax written down value of plant and equipment at 1 October 20X5 was $405,000.
• During the year ended 30 September 20X6, the company bought plant and equipment of $290,000, which is eligible for tax depreciation.
• Carpati bought its freehold property in 20W5 for $600,000. It was revalued in the 20X6 accounts to $1,500,000. Ignore depreciation on buildings. No tax allowances were available to Carpati on the buildings.

Required

Draft the note to the statement of financial position at 30 September 20X6 omitting comparatives, in respect of deferred tax. Work to the nearest $\'000. Assume a current income tax rate of 30%. Tax depreciation is at 25% on a reducing balance basis. The income tax rate enacted for 20X7 is 28%.