TAXATION continued
21
d. DEFERRED TAX ASSETS LIABILITIES
CONTINUING OPERATION
DEFERRED TAX ASSETS - THE ENTITY:
Employee benefit liabilities 2,723,314
2,688,838 300
299 Provision for declining in value of receivables
103,952 83,850
11 9
Provision for investment 69,375
69,375 8
8 Provision for declining in value of inventories
981,878 1,122,827
108 125
Total deferred tax assets 3,878,519
3,964,890 428
441 DEFERRED TAX LIABILITIES - THE ENTITY:
Fixed assets 1,196,393
1,158,860 132
129 Intangible assets
275,103 302,812
30 34
Financial liability which measure a fair value 2,180,490
- 240
-
Net deferred tax assets 226,533
2,503,218 25
278
DISCONTINUING OPERATION
Total deferred tax assets, net Note 4 103,668
104,011 11
12
Dec 31, 2011 Dec 31, 2010 Dec 31, 2011 Dec 31, 2010 Rp
Rp US
US
e. TAXES RECEIVABLE
The balances of taxes receivable as of December 31, 2011 and 2010 are as follows:
Overpayment of corporate income tax year 2009
- 338,283
- 38
year
2011
163,091 -
18 -
Total Entity taxes receivable 163,091
338,283 18
38 Total taxes receivable, Subsidiary
- 79,896
- 9
Total consolidated taxes receivable 163,091
418,179 18
47 f. TAX ASSESSMENTS
In 2011, the Entity received Underpayment Tax Assessment SKPKB on value added tax, income tax article 21 and income tax article 23 with overall amounted to Rp 185,755. Otherwise, the Entity also received Overpayment Tax Assessment
SKPLB for income tax dated June 16, 2011 and stated overpayment for the year 2009 amounted to Rp 338,283. For the SKPLB, the Entity applied for overbooking SKPKB above and the rest amounted to Rp 152,527 has received by Entity on
August 5, 2011.
In 2010, PT Asiatex Garmindo, Subsidiary received several tax assessments, including Underpayment Tax Assessment SKPKB dated August 29, 2010 for the year 2007 on value added tax amounted to Rp 16,593; Underpayment Tax
Assessment SKPKB dated August 29, 2010 for the year 2007 on Income Tax article 23 amounted to Rp 545,855; as well as Underpayment Tax Assessment SKPKB dated August 29, 2010 for the year 2007 on Income Tax article 26 amounted to Rp
205,336.
In 2011, PT Asiatex Garmindo, Subsidiary received several tax assessment, including Underpayment Tax Assessment SKPKB on income tax article 23 dated March 16, 2011 and stated underpayment on income tax article 23 for the year 2009
amounted to Rp 75,140 and Underpayment Tax Assessment SKPKB on value added tax dated March 16, 2011 and stated underpayment for the year 2009 amounted to Rp 549,377.
Dec 31, 2011 Dec 31, 2010 Dec 31, 2011 Dec 31, 2010 Rp
Rp US
US
EMPLOYEE BENEFIT LIABILITIES
The Entity provide benefits for their employees who achieve the retirement age at 55 based on the provisions of Labor Law No. 132003 dated March 25, 2003 with Projected Unit Credit Method. The benefits are unfunded.
The following tables summarize the components of net employee benefits expense recognized in the consolidated statements of income and amounts recognized in the consolidated statements of financial position for the employee benefit
liability as determined by an independent actuary, PT Bumi Dharma Aktuaria, in their reports dated January 13, 2012.
a. NET EMPLOYEE BENEFITS EXPENSE