INCOME TAX EXPENSE. As Xxxxx was treated as a non-taxable partnership for federal and generally state income tax purposes, during the year ended December 31, 2016 (and there was no income tax expenses incurred for Canadian Corporate income tax nor Texas margin base purposes), we have not applied an income tax expense adjustment to the pro forma statement of operations and comprehensive (loss) for the year ended December 31, 2016 or the six months ended June 30, 2016. For the pro forma statement of operations for the six months ended June 30, 2017, Xxxxx is treated as a taxable corporation for income tax purposes and we have applied Xxxxx’x effective tax rate for the period of (1.42)% to the pretax loss of RockPile as adjusted for the pro forma statement of operations and comprehensive (loss). The effective tax rate differs from the statutory rate primarily due to a valuation allowance.
INCOME TAX EXPENSE. Hong Kong profits tax has been provided at the rate of 16.5% (six months ended 30 September 2009: 16.5%) on the estimated assessable profits arising in Hong Kong during the period. Taxes on profits assessable elsewhere have been calculated at the rates of tax prevailing in the locations in which the Group operates. Hong Kong and the mainland China taxes: Current period provision 62,484 47,900 Elsewhere tax: Current period provision 180 282 Tax charge for the period 62,664 48,182 Six months ended 30 September 2010 (Unaudited) HK$’000 2009 (Unaudited) HK$’000 Proposed interim dividend 310,755 292,008
INCOME TAX EXPENSE. (2,746,021) — — — (2,746,021) — — (2,746,021) — Combined Company Stock that would be received by AppHarvest’s equity holders, approximately 45.6 million would be allocated to holders of common and preferred stock and 4.4 million would be
INCOME TAX EXPENSE. (INCOME)
30.1 Major components of tax expense (income) For the years ended December 31, 2019 and 2018 consisted of: In Thousand Baht Consolidated financial statements Separate financial statements 2019 2018 2019 2018 Income tax expense (income) shown in profit or loss : Current tax expense : Income tax expense for the year 9,865 32,904 - - Deferred tax expense (income) : Changes in temporary differences relating to the original recognition and reversal (15,972) (605) (4,822) 1,271 Total (6,107) 32,299 (4,822) 1,271
30.2 A numerical reconciliation between tax expense (income) and the product of accounting profit multiplied by the applicable tax rate For the years ended December 31, 2019 and 2018 which are summarized as follows: In Thousand Baht Consolidated financial statements Separate financial statements 2019 2018 2019 2018 Accounting profit (loss) for the period (301,194) (2,010,131) (285,079) (2,327,417) The applicable tax rate (%) 12% - 20% 12% - 20% 20% 20% Tax expense (income) at the applicable tax rate (65,669) (342,790) (57,016) (465,483) Reconciliation items: Tax effect of expenses that are not deductible in determining tax profit: 2,747 1,778 - - Tax effect of intercompany transactions - Expenses not allowed as expenses in determining taxable profit (4,715) 261,964 16,738 377,751 - Expenses allowed increase in determine taxable (2,819) (2,819) (2,812) (2,812) - Share of loss investment in associate - 9,478 - - - Share of (gain) loss from investment in joint venture (323) (393) - - - Unused tax losses which may net utilise 64,672 105,081 38,268 91,815 Total reconciliation items 59,562 375,089 59,194 466,754 Total tax expense (income) (6,107) 32,299 (4,822) 1,271
30.3 A numerical reconciliation between the average effective tax rate and the applicable tax rate For the years ended December 31, 2019 and 2018 are summarized as follows: Consolidated financial statements 2019 2018 Tax amount(In Thousand Baht) Tax rate (%) Tax amount (In Thousand Baht) Tax rate (%) Accounting profit (loss) before tax expense for the year (301,194) (2,010,131) Tax expense (income) at the applicable tax rate (65,669) 12% - 20% (342,790) 12%-20% Reconciliation items 59,562 19.78 375,089 18.66 Tax expense (income) at the average effective tax rate (6,107) 2.03 32,299 1.61 Separate financial statements 2019 2018 Tax amount (In Thousand Baht) Tax rate (%) Tax amount (In Thousand Baht) Tax rate (%) Accounting profit (loss) before tax expense for the year (285,079) (2,327,417) ...
INCOME TAX EXPENSE. (TAX INCOME) Major components of income tax expense (tax income) for the three-month and six-month periods ended June 30, 2023 and 2022 consist of :- Consolidated financial statements For the three-month period ended June 30, For the six-month period ended June 30, 2023 2022 2023 2022 Income tax expense (income) shown in for profit or loss: Current income tax expense: Income tax expense for the period 5,654,169.24 2,918,810.62 9,588,286.33 6,975,365.17 Deferred tax expense (income): Change in temporary differences relating to the original recognition and reversal (375,907.72) 534,848.45 (1,534,205.15) 232,122.83 Total 5,278,261.52 3,453,659.07 8,054,081.18 7,207,488.00 Separate financial statements For the three-month period ended June 30, For the six-month period ended June 30, 2023 2022 2023 2022 Income tax expense (income) shown in for profit or loss: Current income tax expense: Income tax expense for the period 5,654,169.24 2,918,810.62 9,588,286.33 6,975,365.17 Deferred tax expense (income): Change in temporary differences relating to the original recognition and reversal 50,306.88 542,740.44 (787,152.69) 264,018.95 Total 5,704,476.12 3,461,551.06 8,801,133.64 7,239,384.12
INCOME TAX EXPENSE. 5.1 A deemed income tax expense will be determined as if the G&P Facilities were operated as a stand alone gathering and processing facility, only carrying on business in the Northwest Territories.
5.2 All large corporation taxes or other capital taxes which would apply if the G&P Facilities were operated as a stand alone gathering and processing facility will also be included in determination of the income tax expense.
INCOME TAX EXPENSE. 5.1 A deemed income tax expense will be determined as if the Liquids Pipeline was operated as a stand alone transportation company, only carrying on business in the Northwest Territories.
5.2 All large corporation taxes or other capital taxes which would apply if the Liquids Pipeline was operated as a stand alone transportation company will also be included in determination of the income tax expense.
INCOME TAX EXPENSE. Income tax expense for the year ended December 31, 1999 consists of the following (in thousands): Current $ 4,288 Deferred (1,106 ) Total 3,182 State: Current 1,008 Deferred (256 ) Total 752 Foreign (190 ) Total federal, state and foreign income tax expense $ 3,744 Income tax expense for the year ended December 31, 1999 differs from the amounts estimated by applying the statutory income tax rates to income before income tax expense as follows: Federal tax at statutory rate 35.00 % State tax at statutory rate, net of federal tax benefits 4.90 Effect of other non-deductible expenses 0.70 Other 1.80 42.40 % Deferred income taxes result from temporary differences between years in the recognition of certain expense items for income tax and financial reporting purposes. The source and income tax effect of these differences as of December 31, 1999 are as follows (in thousands): Allowance for uncollectible receivables 441 Book depreciation in excess of tax depreciation 169 Total deferred tax assets 610 Deferred tax liabilities: State income taxes $ (37 ) Net deferred tax assets $ 573 The Company has not recorded a valuation allowance as management believes it is more likely than not that the net deferred tax asset is recoverable through the results of future operations.
INCOME TAX EXPENSE. Income tax expense from continuing operations increased $0.1 million to $0.5 million in 2002 from $0.4 million in 2001. The income tax expense relates primarily to income taxes owed in certain states. DISCONTINUED OPERATIONS. Income from discontinued operations was $19.5 million in 2002 primarily as a result of a gain on extinguishment of debt of $17.5 million. Losses from discontinued operations for 2001 were $188.3 million. This loss was associated with a loss on the disposition of the CLEC operations of $95.3 million and losses from the discontinued operations of $93.0 million. NET LOSS. Our 2002 net income attributable to common shareholders was $1.3 million after giving effect to $11.9 million in dividends and accretion related to the Redeemable Preferred Stock. Our net loss was $211.6 million for 2001, as a result of the factors discussed above and mainly associated with the loss from discontinued operations. YEAR ENDED DECEMBER 31, 2001 COMPARED WITH YEAR ENDED DECEMBER 31, 2000 REVENUES FROM CONTINUING OPERATIONS. Revenues from continuing operations increased $39.5 million to $235.2 million in 2001 compared to $195.7 million in 2000. Of this increase, $30.7 million was attributable to revenues from companies we acquired in 2001 and 2000, $6.2 million was attributable to revenues from our wholesale long distance company and $2.6 million was related to the internal growth of our earlier acquired RLEC businesses. We derived our revenues from the following sources. LOCAL CALLING SERVICES. Local calling service revenues increased $8.4 million from $43.6 million to $52.0 million, including an increase of $1.0 million from an increase in the number of access lines and local services provided in our earlier acquired RLEC companies, as well as an increase of $7.4 million from the companies we acquired in 2001 and 2000. USF HIGH COST LOOP. USF high cost loop receipts increased $6.7 million to $19.1 million in 2001 from $12.4 million in 2000. Our earlier acquired RLEC companies accounted for $1.2 million of the increase with the balance of $5.5 million coming from companies we acquired in 2001 and 2000. The support from the high cost loop fund is associated with historical expense levels of our companies that exceed the national average cost per loop. INTERSTATE ACCESS. Interstate access revenues increased $15.0 million from $53.1 million in 2000 to $68.1 in 2001. Companies we acquired in 2001 and 2000 accounted for $9.9 million of the increase. The remaining...
INCOME TAX EXPENSE. Income tax expense:
