Y
u r p
r o
F Il
E o
u r
M E
SSA g
E S
o u
r B u
S In
E S
S
o u
r pE
o pl
E
o u
r g
o v
Ern A
n C
E o
ur C
o M
M un
IT IE
S o
u r I
n v
E S
T o
r S
o u
r F
In An
C E
S
Z
DAro EnErgy 2013 AnnuAl rEporT
217
PT ADARO ENERGY Tbk AND SUBSIDIARIES Schedule 557
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2013 AND 2012
Expressed in thousands of
[
S Dollars, unless otherwise stated
34. TAXATION continued
c. Taxes payable
2013 2012
Corporate income tax 27,712
32,087 Other taxes:
- Income tax Articles 23 and 26 5,600
3,591 - Income tax Article 21
2,442 2,092
- Land and building tax 921
1,616 - VAT
628 1,041
- Others 165
210 37,468
40,637
d. Income tax expense
2013 2012
Current tax 212,623
330,856 Deferred tax
22,602 439
Total income tax expense 190,021
330,417 The tax on consolidated profit before tax differs from the theoretical amount that would arise using the weighted
average tax rate applicable to profits of the consolidated entities as follows:
2013 2012
Consolidated profit before income tax 419,284
713,724 Tax calculated at applicable tax rates
182,103 325,709
Income subject to final tax 39,933
53,298 Non-deductible expenses
56,273 68,799
Tax allowance 15,907
15,276 Others each below US5,000
7,485 4,483
Consolidated income tax expense 190,021
330,417 The reconciliation between the consolidated profit before income tax and estimated consolidated taxable income is
as follows:
2013 2012
Consolidated profit before income tax 419,284
713,724 Profit before income tax - subsidiaries
465,638 732,056
Adjusted for consolidation elimination 32,560
2,132 Loss before income tax - the Company
13,794 20,464
Temporary differences: Provision for employee benefits
1,440 4,604
218
\]
IABlE, STrong, EFFICIEnT
PT ADARO ENERGY Tbk AND SUBSIDIARIES Schedule 558
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2013 AND 2012
Expressed in thousands of
_
S Dollars, unless otherwise stated
34. TAXATION continued
d. Income tax expense continued
2013 2012
Permanent differences: Income subject to final tax
417 321
Non-deductible expenses 28,753
22,586 28,336
22,265 15,982
6,405 Utilisation of tax losses
714 6,405
Taxable income - the Company 15,268
- Current income tax - the Company
3,817 -
Current income tax - subsidiaries 208,806
330,856 Consolidated current income tax
212,623 330,856
Current income tax computations are based on estimated taxable income. The amounts may be adjusted when the Annual Tax Returns are filed with the tax office.
The income tax chargedcredited relating to other comprehensive income during the year is as follows:
2013 2012
Tax charge Tax charge
Before tax credit
After tax Before tax
credit After tax
Cash flow hedges 4,066
1,509 2,557
1,324 577
747
e. Deferred tax assetsliabilities
