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NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2013
107 INDOFOOD AGRI RESOURCES LTD • ANNUAL REPORT 2013
16. CLAIMS FOR TAX REFUND
Claims for tax refund represent (a) advance tax payment made by each entity within the Group which is creditable against their
respective corporate income tax payable; and (b) tax assessments being appealed to the taxation authorities.
17. DEFERRED TAX
Deferred tax as at 31 December relates to the following:
31.12.2013 31.12.2012 1.1.2012
Rp million Rp million Rp million
(Restated) (Restated)
Deferred tax assets
Property, plant and equipment (49,332) (33,836) (27,658)
Biological assets 62,177 35,580 71,384
Allowance for impairment and amortised costs adjustments of
plasma receivables 68,349 73,209 44,798
Allowance for employees benefit expenses 14,684 15,298 11,573
Allowance for decline in market value and obsolescence of
inventories 4,835 22,218 5,131
Employee benefits liabilities 109,501 88,868 66,700
Deferred inter-company profits 61,792 38,535 58,113
Tax losses carry forward 690,720 451,947 297,804
Others (48) (159) (1,178)
Total 962,678 691,660 526,667
Deferred tax liabilities
Property, plant and equipment (327,274) (330,077) (346,689)
Biological assets (1,940,725) (1,839,223) (1,787,247)
Allowance for impairment and amortised costs adjustments of
plasma receivables 8,884 6,900 7,545
Allowance for employees benefit expenses 34,190 32,950 40,148
Allowance for decline in market value and obsolescence of
inventories 1,024 483 677
Allowance for unrecoverable advances for purchases of land – – 11,000
Employee benefits liabilities 275,321 221,954 103,202
Deferred inter-company profits – – 6,157
Tax losses carry forward 11,687 7,161 19,202
Withholding tax on distributable profit of foreign subsidiaries (15,211) (33,320) (66,662)
Net actuarial losses recognised during the year – – 64,743
Others 302 246 (986)
Total (1,951,802) (1,932,926) (1,948,910)