DEFERRED TAX ASSETS Sample Clauses

DEFERRED TAX ASSETS. Deferred tax assets and deferred tax liabilities as follows:- As at March As at December As at March As at December 9,280 7,889 9,280 7,889 Consolidated financial statements Separate financial statements Deferred tax assets Deferred tax liabilities In Thousand Baht Consolidated financial statements Balance as at Recognized in Recognized in Exchange Balance as at December 31, Profit and Loss Other translating March 31, 2018 Additions Utilized/ Comprehensive differences 2019 Deferred tax assets resulted from Allowance for decline in value in inventories 5,762 1,057 - - - 6,819 Employee benefit obligations 1,961 408 - - 92 2,461 Other provision 166 - (166) - - - Total 7,889 1,465 (166) - 92 9,280 Deferred tax liabilities from Property, plant and equipment (17,419) - 603 - - (16,816) Prepaid rental expense (Land leasehold) (28,889) - 179 - - (28,710) Total (46,308) - 782 - - (45,526) Net (38,419) 1,465 616 - 92 (36,246) Deferred tax assets resulted from Allowance for decline in value in In Thousand Baht Separate financial statements Balance as at Recognized in Recognized Exchange Balance as at December 31, Profit and Loss in Other translating March 31, 2018 Additions Utilized/ Comprehensive differences 2019 inventories 5,762 1,057 - - - 6,819 Employee benefit obligation 1,961 408 - - 92 2,461 Other provision 166 - (166) - - - Total deferred tax assets 7,889 1,465 (166) - 92 9,280
Sample 1
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DEFERRED TAX ASSETS. Changes in deferred tax assets for the nine-month period ended September 30, 2019, were as follows: Consolidated financial statements As at December Income (expense) during the period As at September 31, 2018 In profit or loss In other comprehensive income 30, 2019 Deferred tax assets: Allowance for doubtful accounts 975,005.31 (12,767.83) - 962,237.48 Allowance for diminution in value of inventories 705,764.90 (240,626.71) - 465,138.19 Provision for goods return 87,556.94 261,256.67 - 348,813.61 Employee benefit obligations 262,625.80 131,708.00 - 394,333.80 Margin in inventory - 552,996.68 - 552,996.68 Total 2,030,952.95 692,566.81 - 2,723,519.76 Separate financial statements As at December Income (expense) during the period As at September 31, 2018 In profit or loss In other comprehensive income 30, 2019 Deferred tax assets: Allowance for doubtful accounts 930,029.51 (56,621.50) - 873,408.01 Allowance for diminution in value of inventories 524,630.86 (121,432.73) - 403,198.13 Provision for goods return 49,693.12 227,357.74 - 277,050.86 Employee benefit obligations 230,020.20 98,278.60 - 328,298.80 Total 1,734,373.69 147,582.11 - 1,881,955.80 13. TRADE AND OTHER ACCOUNT PAYABLES Trade and other accounts payable consisted of: Baht Consolidated financial statements Separate financial statements As at September 30, 2019 As at December 31, 2018 (Reclassified) (Note 23) As at September 30, 2019 As at December 31, 2018 (Reclassified) (Note 23) Trade accounts payable 26,974,197.91 42,968,685.18 16,549,566.22 39,812,638.15 Notes payale 851,224.45 136,098.75 286,639.40 3,433.32 Other payables 19,860,425.77 24,689,210.92 10,798,621.20 18,091,238.42 Total 47,685,848.13 67,793,994.85 27,634,826.82 57,907,309.89 Other accounts payable Other accounts payable consisted of: Baht Consolidated financial statements Separate financial statements As at September 30, 2019 As at December 31, 2018 (Reclassified) (Note 23) As at September 30, 2019 As at December 31, 2018 (Reclassified) (Note 23) Accrued expenses 9,365,703.01 12,895,493.59 4,119,612.23 7,445,582.38 Distributor account payable 9,143,799.44 6,235,575.14 5,579,139.00 5,173,854.93 Others 1,350,923.32 5,558,142.19 1,099,869.97 5,471,801.11 Total 19,860,425.77 24,689,210.92 10,798,621.20 18,091,238.42 14. SHORT-TERM FROM OTHER PERSON Short-term from other person are presented in the form of promissory note, maturity at call with the interest of 4.00% per annum .
Sample 1
DEFERRED TAX ASSETS. (DEFERRED TAX LIABILITIES) Consolidated Financial Statements As at Movement increase/(decrease) As at January 1,2021 Profit or loss Other comprehensive income December 31,2021 Deferred tax assets Consolidated Financial Statements As at Movement increase/(decrease) As at January 1,2021 Profit or loss Other comprehensive income December 31, 2021 Deferred tax liabilities Consolidated Financial Statements As at January 1,2020 Movement increase/(decrease) As at Profit or loss Other comprehensive income December 31, 2020 Deferred tax assets Deferred tax liabilities Separate Financial Statements As at Movement increase/(decrease) As at January 1,2021 Profit or loss Other comprehensive income December 31, 2021 Deferred tax assets (liabilities) Separate Financial Statements As at January 1,2020 Movement increase/(decrease) As at Profit or loss Other comprehensive income December 31, 2020 Deferred tax assets (liabilities) 24. BANK OVERDRAFT AND SHORT - TERM LOANS FROM FINANCIAL INSTITUTIONS Unit : Thousand Baht Interest rate % per annum Due (months) 2021 2020 Demco Plc. Co., Ltd. Demco Power Co., Ltd.
Sample 1
DEFERRED TAX ASSETS. Deferred tax assets and deferred tax liabilities as follows:- Deferred tax assets Deferred tax liabilities As at September As at December As at September As at December 4,982 3,998 4,982 3,998 Consolidated financial statements Separate financial statements In Thousand Baht Consolidated financial statements Balance as at Recognized in Recognized in Exchange Balance as at December 31, Profit and Loss Other translating September 30, 2016 Additions Utilized/ Comprehensive differences 2017 Reversal Income Deferred tax assets resulted from Allowance for decline in value in inventories 858 694 - - 10 1,562 Employee benefit obligations 3,140 272 - - 8 3,420 Total deferred tax assets 3,998 966 - - 18 4,982 Deferred tax assets resulted from In Thousand Baht Separate financial statements Balance as at Recognized in Recognized Exchange Balance as at December 31, Profit and Loss in Other translating September 30, 2016 Additions Utilized/ Comprehensive differences 2017 Reversal Income Allowance for decline in value in inventories 858 694 - - 10 1,562 Employee benefit obligation 3,140 272 - - 8 3,420 Total deferred tax assets 3,998 966 - - 18 4,982
Sample 1
DEFERRED TAX ASSETS the recognition of deferred tax assets is based on forecasts of future taxable profit. The measurement of future taxable profit for the purposes of determining whether or not to recognize deferred tax assets depends on factors which may vary over time and which may lead to significant effects on the measurement of this item.
Sample 1
DEFERRED TAX ASSETS. The Majority Shareholder shall be responsible for, and shall indemnify the Purchaser from and against, that portion of any additional Taxes payable by the Parent, the Purchaser, the Company or any Subsidiary as a result of the reduction or disallowance of any deferred tax asset included in Current Assets for purposes of calculating Net Working Capital as further described in this Section 7.10(h). In the event that the determination of the Final Working Capital Schedule under Section 3.4 resulted in a Working Capital Deficit, the Majority Shareholder shall pay to the Purchaser, within ten (10) days after the amount of any such additional Taxes is finally determined (i) upon the filing of the Pre-Acquisition Consolidated Return, (ii) by the applicable Governmental Entity or (iii) by mutual agreement of the Majority Shareholder and the Purchaser, an amount equal to the full amount of such additional Taxes. In the event that the determination of the Final Working Capital Schedule under Section 3.4 did not result in a Working Capital Deficit, the Majority Shareholder shall pay to the Purchaser, within ten (10) days after the amount of any such additional Taxes is finally determined as provided above, an amount equal to only the amount of such additional Taxes that would have caused a Working Capital Deficit had the reduction or disallowance of any deferred tax asset included in Current Assets for purposes of calculating Net Working Capital been known at the time of the determination of the Final Working Capital Schedule under Section 3.4. In addition, in the event that the Parent, the Purchaser, the Company or any Subsidiary decides to contest the imposition of such additional Taxes in a forum that requires the prior payment of such additional Taxes in order to pursue such contest, the Majority Shareholder shall advance to the Purchaser an amount equal to the amount of such additional Taxes which the Majority Shareholder is otherwise obligated to pay under this Section 7.10(h) within ten (10) days after the Purchaser provides written notice of such decision to the Majority Shareholder. If all or any portion of such additional Taxes which the Majority Shareholder is otherwise obligated to pay under this Section 7.10(h) are refunded to the Parent, the Purchaser, the Company or any Subsidiary, an amount equal to such refund, plus any interest paid by the applicable Governmental Entity in connection with such refund, shall be paid by the Purchaser to the Majority S...
Sample 1
DEFERRED TAX ASSETS. Any Deferred Tax Assets of Seller or any Selling Affiliate related to the Business;
Sample 1
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DEFERRED TAX ASSETS. Deferred tax assets and deferred tax liabilities as follows:- As at June As at December As at June As at December 7,267 7,889 7,267 7,889 Consolidated financial statements Separate financial statements Deferred tax assets Deferred tax liabilities In Thousand Baht Consolidated financial statements Balance as at Recognized in Recognized in Balance as at December 31, Profit and Loss Other June 30, 2018 Additions Utilized/ Comprehensive 2019 Reversal Income Deferred tax assets resulted from Allowance for decline in value in inventories 5,762 - (1,494) - 4,268 Employee benefit obligations 1,961 730 - 308 2,999 Other provision 166 - (166) - - Total 7,889 730 (1,660) 308 7,267 Deferred tax liabilities from Property, plant and equipment (17,419) - 1,182 - (16,237) Prepaid rental expense (Land leasehold) (28,889) - 349 - (28,540) Total (46,308) - 1,531 - (44,777) Net (38,419) 730 (129) 308 (37,510) In Thousand Baht Deferred tax assets resulted from Allowance for decline in value in Separate financial statements Balance as at Recognized in Recognized Balance as at December 31, Profit and Loss in Other June 30, 2018 Additions Utilized/ Comprehensive 2019 Reversal Income inventories 5,762 - (1,494) - 4,268 Employee benefit obligation 1,961 730 - 308 2,999 Other provision 166 - (166) - - Total deferred tax assets 7,889 730 (1,660) 308 7,267 During the first quarter of 2019, a Japan subsidiary had repaid the loan from financial institution in full amount of JPY 300 million. As at June 30, 2019, a China subsidiary had short-term loan from financial institution in the amount of Yuan 8 million with interest rate at 5.6550% per annum, maturity less than one year. The loan is guaranteed by the construction on the subsidiary’s land leasehold.
Sample 1
DEFERRED TAX ASSETS. A statement of the proposed amount of deferred Tax assets relating to the PBO Liability to be included in the Business Assets transferred to the Company in the Company Split, and reflected on the Incorporation Balance Sheet and the Estimated Completion Date Balance Sheet (the "Deferred Tax Assets"). The amount of the Deferred Tax Assets shall be the estimated amount of valid and permissible income Tax deductions by the Company resulting from payments under the NECY Plans (and corresponding to the PBO Liability) to (i) Company employees scheduled to retire at the age of sixty (60) and (ii) probable early retirees at the age of fifty-six (56) during the four year period following the Completion Date, and shall in no event exceed three hundred ninety-five million Japanese yen (JPY 395,000,000); and
Sample 1

Related to DEFERRED TAX ASSETS

  • Tax-Deferred Earnings The investment earnings of your Xxxx XXX are not subject to federal income tax as they accumulate in your Xxxx XXX. In addition, distributions of your Xxxx XXX earnings will be free from federal income tax if you take a qualified distribution, as described below.

  • Imputed Income The Bank shall impute the economic benefit to the Executive on an annual basis, by adding the economic benefit to the Executive’s W-2, or if applicable, Form 1099.

  • Amended Tax Returns (a) Subject to Section 4.4 and notwithstanding Section 2.1 and Section 2.2, a Party (or its Subsidiary) that is entitled to file an amended Tax Return for a Pre-Distribution Tax Period or a Straddle Tax Period for members of its Tax Group shall be permitted to prepare and file an amended Tax Return at its own cost and expense; provided, however, that (i) such amended Tax Return shall be prepared in a manner consistent with (and the Parties and their Affiliates shall not take any position inconsistent with) past practices of the Parties and their Affiliates or supported by an unqualified reasoned “should” or “will” opinion of a Qualified Tax Advisor, unless otherwise modified by a Final Determination or required by applicable Law, the IRS Ruling, the Tax Representation Letters, or the Tax Opinions; and (ii) if such amended Tax Return could result in one or more other Parties becoming responsible for a payment of Taxes pursuant to Article III or a payment to a Party pursuant to Article IX, such amended Tax Return shall be permitted only if the consent of such other Parties is obtained. The consent of such other Parties shall not be withheld unreasonably and shall be deemed to be obtained in the event that a Party (or its Subsidiary) is required to file an amended Tax Return as a result of an Audit adjustment that arose in accordance with Article IX. (b) A Party (or its Subsidiary) that is entitled to file an amended Tax Return for a Post-Distribution Tax Period, shall be permitted to do so at its own cost and expense and without the consent of any Party. (c) A Party that is permitted (or whose Subsidiary is permitted) to file an amended Tax Return, shall not be relieved of any liability for payments pursuant to this Agreement notwithstanding that another Party consented thereto.

  • Consolidated or Combined Tax Returns SpinCo will elect and join, and will cause its respective Affiliates to elect and join, in filing any Parent State Combined Income Tax Returns and any Joint Returns that Parent determines are required to be filed or that Parent chooses to file pursuant to Section 4.02(b). With respect to any SpinCo Separate Returns relating to any Tax Period (or portion thereof) ending on or prior to the Distribution Date, SpinCo will elect and join, and will cause its respective Affiliates to elect and join, in filing consolidated, unitary, combined, or other similar joint Tax Returns, to the extent each entity is eligible to join in such Tax Returns, if Parent reasonably determines that the filing of such Tax Returns is consistent with past reporting practices or otherwise so requests.

  • Determination of Realized Tax Benefit Section 2.1. Basis Adjustments and Section 704(c) Allocations; The LLC 754 Election.

  • Income Tax Liability Within ten (10) Business Days after the receipt of revenue agent reports or other written proposals, determinations or assessments of the IRS or any other taxing authority which propose, determine or otherwise set forth positive adjustments to the Tax liability of, or assess or propose the collection of Taxes required to have been withheld by, the Borrower which equal or exceed $100,000 in the aggregate, telephonic or facsimile notice (confirmed in writing within five (5) Business Days) specifying the nature of the items giving rise to such adjustments and the amounts thereof;

  • Tax Attributes (i) Tax attributes with respect to, and the -------------- overpayment of, property taxes, sales and use taxes and franchise taxes which relate primarily to the Company Business and (ii) to the extent provided in the Tax Sharing Agreement, tax attributes with respect to, and the overpayment of, income and payroll taxes which relate to the Company Business or are otherwise allocated to the Company.

  • Tax Benefit Payments Section 3.1 Payments 12 Section 3.2 No Duplicative Payments 13

  • Company Tax Returns The Company shall file all tax returns, if any, required to be filed by the Company.

  • FOREIGN TAX CREDITS AVIF agrees to consult in advance with LIFE COMPANY concerning any decision to elect or not to elect pursuant to Section 853 of the Code to pass through the benefit of any foreign tax credits to its shareholders.

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