Notes to the financial statements (cont’d) For the year ended 30 June 2012 19 Deferred tax assets and liabilities Consolidated Parent 2012 2011 2012 2011 $’000 $’000 $’000 $’000 Deferred tax asset balance comprises temporary differences  attributable to: Employee benefits 7,998 8,603  - - Staff incentives 2,745  2,183  - - Impairment of receivables 208  9  - - Provision for legal costs 394  382  - - Provisions, accruals and creditors 5,332  3,181  - - Fixed assets and computer software 1,297  1,496  1  2  Unrealised investment gains and losses 185  115 - - Carry forward capital and revenue losses 762  827  500  594  Deferred fee income 2,735  3,810  - - Other 1,109  1,026  7  94  Deferred tax asset balance as at 30 June 22,765  21,632  508  690  Set-off of deferred tax liabilities pursuant to set-off provisions (22,765) (21,632) (2) (690) Net deferred tax asset balance as at 30 June - - 506  - Deferred tax liability balance comprises temporary differences  attributable to: Unrealised gains - 3,279  - - Deferred acquisition costs 3,331  4,677  - - Accrued income 2,889  3,262  (2) 13  Customer relationships 74,577  78  - - Prepayments 283  620  - - Uncertain tax position - 13,790  - 13,790  81,080  25,706  (2) 13,803  Set-off of deferred tax liabilities pursuant to set-off provisions (22,765) (21,632) 2  (690) Net deferred tax liability balance as at 30 June 58,315  4,074  - 13,113  page 94