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
Transfer to deferred
Charged to tax assets
Acquisition Credited to
112013 profit or loss
liabilities of subsidiary
equity 31122013
Deferred tax assets Tax losses carried forward
21,256 8,910
- -
- 30,166
Provision for impairment of trade receivables
- 1,750
- -
- 1,750
Retirement benefits obligation 2,412
412 530
- -
2,294 Difference between the
commercial and tax net book values of fixed assets
468 -
468 -
- -
23,200 11,072
62 -
- 34,210
Unrecognised deferred tax assets 14,860
10,656 -
- -
25,516 Deferred tax assets at
the end of the year 8,340
416 62
- -
8,694
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219
PT ADARO ENERGY Tbk AND SUBSIDIARIES Schedule 559
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2013 AND 2012
Expressed in thousands of
b
S Dollars, unless otherwise stated
34. TAXATION continued
e. Deferred tax assetsliabilities continued
Transfer to deferred
Charged to tax assets
Acquisition Credited to
112013 profit or loss
liabilities of subsidiary
equity 31122013
Deferred tax liabilities Capitalised borrowing cost
14,667 5,760
- -
- 20,427
Retirement benefits obligation 2,079
456 530
- -
3,065 Mining properties
462,227 16,939
- 68,410
- 513,698
Losses due to changes in the fair values of derivative
financial instruments 1,050
117 -
- 1,509
576 Differences between the
commercial and tax net book values of fixed assets
120,580 5,595
468 -
- 115,453
Provision for impairment of trade receivables
4,500 4,500
- -
- 9,000
Differences in fixed assets under finance leases
and lease installments 6,719
1,919 -
- -
4,800 Income from subsidiaries
4,525 1,346
- -
- 5,871
Deferred tax liabilities at the end of the year
601,089 22,186
62 68,410
1,509 648,760
Transfer to deferred
Charged to tax assets
Acquisition Credited to
112012 profit or loss
liabilities of subsidiary
equity 31122012
Deferred tax assets Tax losses carried forward
18,676 400
- 2,180
- 21,256
Retirement benefits obligation 1,143
1,269 -
- -
2,412 Difference between the
commercial and tax net book values of fixed assets
473 5
- -
- 468
Losses due to changes in fair value of derivative
financial instruments 183
- -
- 183
- 19,529
1,674 -
2,180 183
23,200 Unrecognised deferred tax assets
13,985 1,305
- 2,180
- 14,860
Deferred tax assets at the end of the year
5,544 2,979
- -
183 8,340
Deferred tax liabilities Capitalised borrowing costs
8,532 6,135
- -
- 14,667
Retirement benefits obligation 1,552
527 -
- -
2,079 Mining properties
314,401 14,635
- 162,461
- 462,227
Losses due to changes in the fair values of derivative
financial instruments 1,638
194 -
- 394
1,050 Differences between the
commercial and tax net book values of fixed assets
102,975 17,605
- -
- 120,580
Provision for impairment of trade receivables
- 4,500
- -
- 4,500
Differences in fixed assets under finance leases
and lease installments 12,976
6,257 -
- -
6,719 Income from subsidiaries
- 4,525
- -
- 4,525
Deferred tax liabilities at the end of the year
435,694 2,540
- 162,461
394 601,089
220
cde
IABlE, STrong, EFFICIEnT
PT ADARO ENERGY Tbk AND SUBSIDIARIES Schedule 560
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2013 AND 2012
Expressed in thousands of
f
S Dollars, unless otherwise stated
34. TAXATION continued
e. Deferred tax assetsliabilities continued
