90 NOTEs TO THE FINANCIAL sTATEMENTs  FAIRFAx MEDIA LIMITED AND CONTROLLED ENTITIES FOR THE PERIOD ENDED 30 JUNE 2013 17. DEFERRED TAx AssETs AND LIABILITIEs (CONTINUED) (C) TAX LOSSES AND FUTURE DEDUCTIBLE TEMPORARY DIFFERENCES (D) FUTURE ASSESSABLE TEMPORARY DIFFERENCES The Group has realised Australian capital losses for which no deferred tax asset is recognised on the balance sheet of $280.0  million (2012: $216.5 million) which are available indefinitely for offset against future capital gains subject to continuing to meet  relevant statutory tests. The Group has deductible temporary differences for which no deferred tax asset is recognised on the balance sheet of $770.2  million (2012: $684.7 million).  At 30 June 2013, there are no material unrecognised future assessable temporary differences associated with the Group’s  investments in associates or joint ventures, as the Group has no material liability should the associates or joint ventures retained  earnings be distributed (2012: Nil). 18. PAYABLEs *  Trade payables are non-interest bearing and are generally on 30 day terms. 30June 2013 $’000 24 JUNE 2012 $’000 Trade and other payables *  160,726   204,233  Interest payable  9,445   12,038  Income in advance  65,748   66,366  Total current payables  235,919   282,637 BALANCE 26 JUNE 2011 RECOGNISED ON ACQUISITION RECOGNISED IN INCOME RECOGNISED IN EQUITY BALANCES DISPOSED DISCONTINUED OPERATIONS  BALANCE 24 JUNE 2012 Property, plant and equipment  (32,625)  7   26,410   –   50   –   (6,158) Inventories  (3,155)  –   34   –   –   –   (3,121) Investments  (10,915)  –   9,872   (90)  –   –   (1,133) Intangible assets  (32,350)  (2,215)  27,825   –   –   –   (6,740) Other assets  (1,689)  –   (567)  3,561   –   –   1,305  Provisions  50,001   240   50,618   –   (239)  –   100,620  Payables  12,152   9   2,865   –   (22)  –   15,004  Other liabilities  4,530   –   (6)  –   –   –   4,524  Other   2,748   –   (587)  843   –   –   3,004   (11,303)  (1,959)  116,464   4,314   (211)  –   107,305 