54 annual report 2012  kAThMANdu 15 dEFERREd TAXATION the following are the major deferred taxation liabilities and assets recognised by the Group and movements thereon during the  current and prior year. Group tax depreciation nZ$’000 employee obligations nZ$’000 Losses nZ$’000 other timing differences nZ$’000 reserves nZ$’000 total nZ$’000 As at 31 July 2010 9 695 366 1,657 745 3,472 Charge to the income statement 59 235 (365) (843) - (914) Charge to other comprehensive income - 1 - 39 869 909 As at 31 July 2011 68 931 1 853 1,614 3,467 Charge to the income statement 19 (94) - 854 - 779 Charge to other comprehensive income - - - 44 (1,072) (1,028) As at 31 July 2012 87 837 1 1,751 542 3,218 pArent tax depreciation nZ$’000 employee obligations nZ$’000 Losses nZ$’000 other timing differences nZ$’000 reserves nZ$’000 total nZ$’000 As at 31 July 2010 - 69 365 11 - 445 Charge to the income statement - (69) (365) (11) - (445) As at 31 July 2011 - - - - - - Charge to the income statement - - - - - - As at 31 July 2012 - - - - - - Certain deferred taxation assets and liabilities have been offset. the following is the analysis of the deferred taxation balances  (after offset) for financial reporting purposes: Group pArent 2012 nZ$’000 2011 nZ$’000 2012 nZ$’000 2011 nZ$’000 Deferred taxation assets:  - Deferred tax asset to be recovered after more than 12 months 1,461 1,445 - -  - Deferred tax asset to be recovered within 12 months 1,779 3,057 - - Deferred taxation liabilities:  - Deferred tax liability to be recovered after more than 12 months (1) - - -  - Deferred tax liability to be recovered within 12 months (21) (1,035) - - 3,218 3,467 - -