Deferred taxation accounting in numbers

Earlier this week Netprophet reported on how results in the current reporting round for listed companies have been distorted by more than $1 billion. (Story here)

In this article we link to examples of how deferred tax works. This document has been prepared by Rob Challinor.

Also below we have a table showing the deferred tax “liabilities” for NZX-listed companies. These liabilities come about as a result of the application of International Financial Reporting Standards to withdrawal of tax depreciation on buildings which the government announced in this year's Budget.

The figures above are the reported or estimated additional ‘”liability” at 19 August 2010. No responsibility for the accuracy of these numbers is accepted. If individually quoted, a direct check should be made with the relevant company website.

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