DEFERRED TAX ASSETS AND DEFERRED TAX LIABILITIES Sample Clauses

DEFERRED TAX ASSETS AND DEFERRED TAX LIABILITIES. 12.1 Deferred tax assets and deferred tax liabilities are as follows : Consolidated financial statements Separate financial statements As at December As at September As at December Deferred tax assets 22,310 21,960 17,950 17,739 Deferred tax liabilities (56,305) (57,581) (17,971) (18,785) (33,995) (35,621) (21) (1,046) 12.2 Changes in deferred tax assets and deferred tax liabilities for the nine-month period ended September 30, 2021 are summarized as follows : Balance as at Recognized as income (expense) Balance as at Profit/ (Loss) Other September comprehensive 30, 2021 Deferred tax assets Allowance for expected credit losses accounts of trade accounts receivable from sales and service 2,960 - - 2,960 Allowance for decline value in inventories 4,546 44 - 4,590 Provisions for employee benefit 13,490 310 - 13,800 Consignment 964 (4) - 960 Total 21,960 350 - 22,310 Deferred tax liabilities The difference of depreciation of fixed assets between accounting base and tax base 18,785 814 - 17,971 Property, plant and equipment 38,384 384 - 38,000 Right -of- use assets 412 78 - 334 Total 57,581 1,276 - 56,305 Balance as at Recognized as income (expense) Balance as at Profit/ (Loss) Other comprehensive September 30, 2021 Deferred tax assets Allowance for expected credit losses accounts of service 2,959 - - 2,959 Allowance for decline value in inventories 3,989 9 - 3,998 Provisions for employee benefit 9,799 139 - 9,938 Consignment 964 (4) - 960 Lease liabilities 28 67 - 95 Total 17,739 211 - 17,950 Deferred tax liabilities The difference of depreciation of fixed assets between accounting base and tax base Total
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DEFERRED TAX ASSETS AND DEFERRED TAX LIABILITIES. Changes in deferred tax assets (liabilities) for the years ended December 31, 2020 and 2019 are summarized as follows: Balance as at Revenue (expenses) during the year Balance as at Dec. 31, 19 In profit or loss In other comprehensive income Dec. 31, 20 Deferred tax assets: Trade receivables 274,141 (79,722) - 194,419 Right-of-use assets - 12,568 - 12,568 Other current provisions - 3,000,000 - 3,000,000 Employee benefit obligation 13,208,386 1,859,863 - 15,068,249 Total 13,482,527 4,792,709 - 18,275,236 Deferred tax liabilities: (Gain) loss on measuring other non-current financial assets (33,893,300) - 6,733,327 (27,159,973) Total (33,893,300) - 6,733,327 (27,159,973) Deferred tax assets (liabilities)-net (20,410,773) (8,884,737) Balance as at Revenue (expenses) during the year Balance as at Dec. 31, 18 In profit or loss In other comprehensive income Dec. 31, 19 Deferred tax assets: Trade receivables 261,502 12,639 - 274,141 Employee benefit obligation 9,209,523 4,340,057 (341,194) 13,208,386 Total 9,471,025 4,352,696 (341,194) 13,482,527 Deferred tax liabilities: Unrealized gain on remeasuring available for sale Investments (32,493,301) - (1,399,999) (33,893,300) Total (32,493,301) - (1,399,999) (33,893,300) Deferred tax assets (liabilities)-net (23,022,276) (20,410,773)
DEFERRED TAX ASSETS AND DEFERRED TAX LIABILITIES. Changes in deferred tax assets and deferred tax liabilities are summarized as follows: Balance as at Revenue (expenses) during the period Balance as at Dec. 31, 2021 In profit or loss In other comprehensive income Mar. 31, 2022 Deferred tax assets: Trade account receivables 619 35 - 654 Right-of-use assets 10 1 - 11 Employee benefit obligation 11,838 267 - 12,105 Total 12,467 303 - 12,770 Deferred tax liabilities: Unrealized gain on remeasuring Other - non current financial assets (30,227) - (2,666) (32,893) Total (30,227) - (2,666) (32,893)
DEFERRED TAX ASSETS AND DEFERRED TAX LIABILITIES. Deferred tax assets and deferred tax liabilities as follows:- Baht Consolidated financial statements Separate financial statements 2017 2016 2017 2016 Deferred tax assets 5,869,506 6,963,205 16,718,600 14,620,807 Deferred tax liabilities (83,343,534) (84,213,267) (100,062,134) (98,834,074) (77,474,028) (77,250,062) (83,343,534) (84,213,267) Changes in deferred tax assets and deferred tax liabilities for the year ended December 31, 2017 and 2016, are summarized as follows: Balance per book Revenue (expenses) during the year Balance per book as at Dec. 31, 16 In profit or loss In other as at Dec. 31, 17 comprehensive income Deferred tax assets: Trade account and other receivables 3,543,619 (801,787) - 2,741,832 Difference of rental between straight line method - and agreement 1,785,530 239,970 - 2,025,500 Provisions for employee benefits 16,254,863 1,565,911 - 17,820,774 Total 21,584,012 1,004,094 - 22,588,106 Deferred tax liabilities: Additional portion from fixed assets revaluation 72,551,625 1,365,802 - 71,185,823 Liabilities under financial lease agreements 12,159,918 (2,593,862) - 14,753,780 Unrealized gain on measurement of investment 14,122,531 - - 14,122,531 Total 98,834,074 (1,228,060) - 100,062,134 Baht Consolidated financial statements Balance per Transfer in Revenue (expenses) during the year Balance per book as at Dec. 31, 15 In profit or loss In other comprehensive income book as at Dec. 31, 16 Deferred tax assets: Trade account and other receivables 619,170 1,691,944 1,232,505 - 3,543,619 Investments in associated companies 574,080 - (574,080) - - Difference of rental between straight line method and agreement 1,545,559 - 239,971 - 1,785,530 Provisions for employee benefits 11,001,751 5,131,891 1,000,857 (879,636) 16,254,863 Loss carry forward not more than 5 fiscal year 451,374 - (451,374) - - Total 14,191,934 6,823,835 1,447,879 (879,636) 21,584,012 Deferred tax liabilities: Additional portion from fixed assets revaluation 73,991,287 - 1,439,662 - 72,551,625 Liabilities under financial lease agreements 9,643,969 - (2,515,949) - 12,159,918 Unrealized gain on measurement of investment - - (14,122,531) - 14,122,531 Total 83,635,256 - (15,198,818) - 98,834,074 Baht Separate financial statements Balance per book Revenue (expenses) during the year Balance per book as at Dec. 31, 16 In profit or loss In other comprehensive income as at Dec. 31, 17 Deferred tax assets: Trade account and other receivables 1,851,675 706,201 - 2,557,876 and agreement 1...
DEFERRED TAX ASSETS AND DEFERRED TAX LIABILITIES. Deferred tax assets and deferred tax liabilities as follows:- Baht Consolidated financial statements Separate financial statements As at June 30, 2021 As at December 31, 2020 As at June 30, 2021 As at December 31, 2020 Deferred tax assets 9,649,951 8,280,447 20,343,137 18,465,340 Deferred tax liabilities (70,865,718) (74,525,433) (90,125,720) (91,848,302) Deferred tax assets (liabilities) (61,215,767) (66,244,986) (69,782,583) (73,382,962)
DEFERRED TAX ASSETS AND DEFERRED TAX LIABILITIES. Changes in deferred tax assets and deferred tax liabilities for the year ended December 31, 2014 and 2013, were summarized as follows: Baht Consolidated financial statements As at December Income (expense) during the year As at December 31, 2013 (Restated) In profit or loss In other comprehensive income 31, 2014 Deferred tax assets : Allowance for doubtful accounts 32,367,406.10 (6,981,840.12) - 25,385,565.98 Allowance for decline in value of obsolete stocks 35,905,332.89 2,145,038.81 - 38,050,371.70 Allowance for impairment of investment 1,195,490.62 (1,195,490.62) - - Employee benefit obligation 14,152,731.28 (420,702.92) (367,390.40) 13,364,637.96 Loss carried forward on tax bases 32,208,202.00 9,021,460.00 - 41,229,662.00 Total 115,829,162.89 2,568,465.15 (367,390.40) 118,030,237.64 Deferred tax liabilities : Accelerated capital allowances for tax purposes (1,182,622.00) (200,694.00) - (1,383,316.00) Total (1,182,622.00) (200,694.00) - (1,383,316.00) Deferred tax assets (liabilities) , net 114,646,540.89 116,646,921.64 Consolidated financial statements As at December Income (expense) during the year As at December 31, 2012 (Restated) In profit or loss In other comprehensive income 31, 2013 (Restated) Deferred tax assets : Allowance for doubtful accounts 34,712,829.28 (2,345,423.18) - 32,367,406.10 Allowance for decline in value of obsolete stocks 48,505,203.96 (12,599,871.07) - 35,905,332.89 Allowance for impairment of investment 1,195,490.62 - - 1,195,490.62 Employee benefit obligation 12,175,290.84 413,270.21 1,564,170.23 14,152,731.28 Loss carried forward on tax bases 22,212,301.00 9,995,901.00 - 32,208,202.00 Total 118,801,115.70 (4,536,123.04) 1,564,170.23 115,829,162.89 Deferred tax liabilities : Accelerated capital allowances for tax purposes (1,025,177.00) (157,445.00) - (1,182,622.00) Total (1,025,177.00) (157,445.00) - (1,182,622.00) Deferred tax assets (liabilities) , net 117,775,938.70 114,646,540.89 Baht Separate financial statements As at December Income (expense) during the year As at December 31, 2013 (Restated) In profit or loss In other comprehensive income 31, 2014 Deferred tax assets : Allowance for doubtful accounts 32,367,406.10 (6,994,459.26) - 25,372,946.84 Allowance for decline in value of obsolete stocks 31,093,167.90 5,657,013.89 - 36,750,181.79 Allowance for impairment of investment 599,940.00 (599,940.00) - - Employee benefit obligation 12,985,484.70 210,376.80 (294,031.40) 12,901,830.10 Total 77,045,998.70 (1,727,008.57) (...
DEFERRED TAX ASSETS AND DEFERRED TAX LIABILITIES. Deferred tax assets and deferred tax liabilities as follows:- Consolidated financial statements Separate financial statements 2014 2013 2014 2013 Deferred tax assets 9,444 - 8,203,062 13,457,369 Deferred tax liabilities (26,820,930) (21,833,578) (35,023,992) (35,290,947) (26,811,486) (21,833,578) (26,820,930) (21,833,578) Changes in deferred tax assets and deferred tax liabilities for the year ended December 31, 2014 and 2013, are summarized as follows: Balance as at Revenue (expenses) during the year Balance as at Dec. 31, 13 In profit or loss In other comprehensive income Dec. 31, 14 Deferred tax assets: Trade account and other receivables 1,508,757 (461,404) - 1,047,353 Investments in associated companies Difference of rental between straight line method and agreement 6,240,000 1,065,618 (5,665,920) 239,971 - - 574,080 1,305,589 Provisions for employee benefits 4,642,994 633,046 - 5,276,040 Loss carry forward not more than 5 fiscal year - 9,444 - 9,444 Total 13,457,369 (5,244,863) - 8,212,506 Deferred tax liabilities: Additional portion from fixed assets revaluation 29,185,465 2,103,381 - 27,082,084 Liabilities under financial lease agreements 6,105,482 (1,836,426) - 7,941,908 Total 35,290,947 266,955 - 35,023,992 Balance as at Revenue (expenses) during the year Balance as at Dec. 31, 13 In profit or loss In other comprehensive income Dec. 31, 14 Deferred tax assets: Trade account and other receivables 1,508,757 (461,404) - 1,047,353 Investments in associated companies Difference of rental between straight line method and agreement 6,240,000 1,065,618 (5,665,920) 239,971 - - 574,080 1,305,589 Provisions for employee benefits 4,642,994 633,046 - 5,276,040 Total 13,457,369 (5,254,307) - 8,203,062 Deferred tax liabilities: Additional portion from fixed assets revaluation 29,185,465 2,103,381 - 27,082,084 Liabilities under financial lease agreements 6,105,482 (1,836,426) - 7,941,908 Total 35,290,947 266,955 - 35,023,992 Baht Consolidated financial statements/Separate financial statements Balance as at Revenue (expenses) during the year Balance as at Dec. 31, 12 In profit or loss In other comprehensive income Dec. 31, 13 Deferred tax assets: Trade account and other receivables 2,455,187 (946,430) - 1,508,757 Investments in associated companies 6,240,000 - - 6,240,000 Difference of rental between straight line method and agreement 787,696 277,922 - 1,065,618 Provisions for employee benefits 4,184,392 458,602 - 4,642,994 Total 13,667,275 (209,906) - 13,457,369...
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DEFERRED TAX ASSETS AND DEFERRED TAX LIABILITIES. In Thousand Baht In Thousand Baht Separate Financial Statements period 21.2.1 Major components of tax expense (income) For the nine-month periods ended September 30, 2018 and 2017 consisted of: Consolidated Financial Statements Separate Financial Statements Income tax expense (income) shown in profit or loss : Current tax expense: Income tax expense for the period 11,902 5,676 11,902 5,676 Deferred tax expense (income): Changes in temporary differences relating to the original recognition and reversal (357) (4,329) (357) (4,329) Total 11,545 1,347 11,545 1,347 21.2.2 A numerical reconciliation between account expense (income) and the product of accounting profit multiplied by the applicable tax rate For the nine-month periods ended September 30, 2018 and 2017 which are summarized as follows: Consolidated Financial Separate Financial Statements Accounting profit (loss) for the period 48,587 19,118 50,170 22,366 The applicable tax rate (%) 20% 20% 20% 20% Tax expense (income) at the applicable tax rate 9,717 3,823 10,034 4,473 Reconciliation items: Tax effect of expenses that are not deductible in determining tax profit: - Expenses not allowed as expenses in determining taxable profit 1,828 (2,476) 1,511 (3,126) Total reconciliation items 1,828 (2,476) 1,511 (3,126) Total tax expense (income) 11,545 1,347 11,545 1,347 rate 21.2.3 A numerical reconciliation between the average effective tax rate and the applicable tax For the nine-month periods ended September 30, 2018 and 2017 are summarized as follows: 2018 2017 Tax amount (Thousand Baht) Tax rate (%) Tax amount (Thousand Baht) Tax rate (%) Accounting profit (loss) before tax expense for the period 48,587 19,118 Tax expense (income) at the applicable tax rate 9,717 20.00 3,823 20.00 Reconciliation items 1,828 3.76 (2,476) (12.95) Tax expense (income) at the average effective tax rate 11,545 23.76 1,347 7.05 2018 2017 Tax rate (%) Tax amount (Thousand Baht) Accounting profit (loss) before tax expense for the period 50,170 22,366 Tax expense (income) at the applicable tax rate 10,034 20.00 4,473 20.00 Reconciliation items 1,511 3.01 (3,126) (13.98) Tax expense (income) at the average effective tax rate 11,545 23.01 1,347 6.02

Related to DEFERRED TAX ASSETS AND DEFERRED TAX LIABILITIES

  • 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.

  • Tax Liability The Authorized Participant shall be responsible for the payment of any transfer tax, sales or use tax, stamp tax, recording tax, value added tax and any other similar tax or government charge applicable to the creation or redemption of any Basket made pursuant to this Agreement, regardless of whether or not such tax or charge is imposed directly on the Authorized Participant. To the extent the Trustee, the Sponsor or the Trust is required by law to pay any such tax or charge, the Authorized Participant agrees to promptly indemnify such party for any such payment, together with any applicable penalties, additions to tax or interest thereon.

  • Are There Different Types of IRAs or Other Tax Deferred Accounts? Yes. Upon creation of a tax deferred account, you must designate whether the account will be a Traditional IRA, a Xxxx XXX, or a Xxxxxxxxx Education Savings Account (“CESA”). (In addition, there are Simplified Employee Pension Plan (“SEP”) IRAs and Savings Incentive Matched Plan for Employees of Small Employers (“SIMPLE”) IRAs, which are discussed in the Disclosure Statement for Traditional IRAs). • In a Traditional IRA, amounts contributed to the IRA may be tax deductible at the time of contribution. Distributions from the IRA will be taxed upon distribution except to the extent that the distribution represents a return of your own contributions for which you did not claim (or were not eligible to claim) a deduction. • In a Xxxx XXX, amounts contributed to your IRA are taxed at the time of contribution, but distributions from the IRA are not subject to tax if you have held the IRA for certain minimum periods of time (generally, until age 59½ but in some cases longer). • In a Xxxxxxxxx Education Savings Account, you contribute to an IRA maintained on behalf of a beneficiary and do not receive a current deduction. However, if amounts are used for certain educational purposes, neither you nor the beneficiary of the IRA are taxed upon distribution. Each type of account is a custodial account created for the exclusive benefit of the beneficiary – you (or your spouse) in the case of the Traditional IRA and Xxxx XXX, and a named beneficiary in the case of a Xxxxxxxxx Education Savings Account. U.S. Bank, National Association serves as Custodian of the account. Your, your spouse’s or your beneficiary’s (as applicable) interest in the account is nonforfeitable.

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