[starxberries96]

Hi sir, may i know for the forecast dividend capacity, less taxation ($108.16m-$10.8m) the 10% come from? why do we need to subtract the $10.8m?

[starxberries96]

Really thankyou for ur crystal explaination!!
Another question is
1) Open balance of deferred liability (current and deferred liability of previous year) is 389.
Ending balance is 565.
This means that the amount charged to profit and loss is 176(565-389)?

2) is the taxable difference for depreciation of asset is include in the current tax liability?

God bless you for ur help(: really having a hard time with this tedious question..

[starxberries96]

Sorry, I am confused for the calculations of the tax expense and tax liability

[starxberries96]

Hi mike, needed help for this.
Financial year ended is 31 dec 2004.
Interest income in 2004 is $3434 and receivable is $100 at 31 dec 2004.
Depreciation is $1032 over 5 years and tax depreciation is over 3 years.
Expenses of $1000 is not deductible for tax purposes.

cost of ppe
1 jan 2004 : $ 5566
Additions : $2746
31 dec 2004 : $8312

accumulated dep
1 jan 2004 : $4336
charge for the year : $1032
31 dec 2004 : $5368

NBV at 31 dec : $2944

written down tax value
2003: $441
2004: $220

Current and deferred tax liabilities on 2003 are $215 and $174. Tax for 2003 is paid on 2004. Tax rate for 2003 is 22% and 2004 is 20%.
Required is the disclosure by IAS 12

[starxberries96]

Got it!thankyou(:

[starxberries96]

Hi.. may i know if the amount due to customer is the difference between costs incurred and costs recognised in the statement of profit or loss?

[starxberries96]

Cambridge International Examinations (CIE) (:

[starxberries96]

Thankyou! I finished my o level already so now i am currently studying in nan yang polytechnic

[starxberries96]

Its a question from my school’s so i dont have the answer yet. ):
Thank you!! But may i know whats the reason?

[Author]

Posts