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NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 30 JUNE 2015 4. Significant Items The net profitloss after tax includes the following items whose disclosure is relevant in explaining the financial performance of the Group. Significant items are those items of such a nature or size that separate disclosure will assist users to understand the financial statements. Consolidated 2015 000 2014 000 Impairment of intangibles and investments refer Notes 7 and 8 361414 392467 Derecognition of Deferred Tax Liability on impairment Note 5 11681 Onerous contracts refer Note 10 5670 Write-off of unamortised borrowing costs on previous debt facility refer Note 15 3900 Resolution of tax dispute refer Note 5 26400 Total Significant Items included in net loss after tax 349733 375637 5. Income Tax Expense The income tax expense for the financial year differs from the amount calculated on the net result from continuing operations. The differences are reconciled as follows Consolidated 2015 000 2014 000 Income tax expensebenefit Current tax 26674 12824 Deferred tax 6940 3607 19734 16431 Deferred income tax benefitexpense included in income tax expense comprises Increasedecrease in net deferred tax assets 10662 6571 Adjustment for prior years 3722 2964 6940 3607 Reconciliation of income tax expense to prima facie tax payable Loss before income tax expense 265216 279577 Tax at the Australian tax rate of 30 79565 83873 Tax effect of amounts which are not deductibletaxable in calculating taxable income Deferred tax asset not recognised on impairment of non-current assets 96744 117750 Reversal of tax previously recognised on amended assessments 18873 Share of net profitslosses of associates 53 3 Other deductible expensesnon-assessable incomenon-deductible expenses 1220 4394 Adjustments recognised in the current year in relation to deferred tax of prior years 3722 2964 Income tax expense 19734 16431 46 SOUTHERN CROSS AUSTEREO ANNUAL REPORT 2015