72 All figures are in A$000's Note 2023 2022 Deferred tax asset 24,944 21,796 Deferred tax liability (15,321) (10,008) Net deferred tax asset 9,623 11,788 Net deferred tax asset represented by; At beginning of year 11,788 10,516 Foreign exchange impact on opening balance 132 (225) Transfer to statement of comprehensive income (2,297) 1,497 Closing balance 9,623 11,788 Balance at end of year comprises: Provisions / accruals 17,567 15,179 Property, plant and equipment 1,474 722 Lease liabilities 1,050 1,112 Withholding tax on future dividends (5,061) (4,185) Tax losses available for future utilisation 359 - Joint operation temporary differences 666 561 Other (6,432) (1,601) Closing balance 9,623 11,788 The Group offsets its deferred tax liabilities against deferred tax assets relating to temporary differences in the same taxation jurisdictions and periods. All movements in deferred tax balances have been charged to deferred tax expense as recognised in the statement of profit or loss. The gross value of unbooked tax losses available for future utilisation within the Australian Tax Consolidation Group is $338.7 million (2022: $428.1million) and inclusive of it's foreign subsidiaries is $392.7 million (2022: $457.9million) available for offset against future profits. No deferred taxation asset has been recognised in respect of the remaining unused taxation losses. If and when the losses are used by the Australia Tax Consolidation Group they will be recouped by the Company through the intercompany receivable. Consolidated 12. Deferred tax assets Notes to the annual financial statements (continued) for the year ended 30 June 2023
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