108.
INDOFOOD AGRI RESOURCES LTD
ANNUAL REPORT 2015
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For the financial year ended 31 December 2015
17.
DEFERRED TAX
Deferred tax as at 31 December relates to the following:
Group
2015
2014
Rp million
Rp million
Deferred tax assets
Property, plant and equipment
(217,019)
(74,884)
Biological assets
(44,797)
56,890
Allowance for impairment and amortised costs adjustments of
plasma receivables
95,217
78,822
Allowance for employees benefit expenses
43,874
19,621
Allowance for decline in market value and obsolescence of inventories
11,043
3,379
Employee benefits liabilities
428,793
144,970
Deferred inter-company profits
41,728
42,875
Tax losses carry forward
1,030,698
880,715
Others
797
589
Total
1,390,334
1,152,977
Deferred tax liabilities
Property, plant and equipment
(194,177)
(320,672)
Biological assets
(1,939,582)
(1,992,913)
Allowance for impairment and amortised costs adjustments of
plasma receivables
381
6,326
Allowance for employees benefit expenses
184
25,369
Allowance for decline in market value and obsolescence of inventories
31
6,912
Employee benefits liabilities
(32)
300,353
Withholding tax on distributable profit of foreign subsidiaries
(7,772)
(24,751)
Others
1
252
Total
(2,140,966)
(1,999,124)
For purposes of presentation in the consolidated balance sheet, the asset or liability classification of the deferred tax
effect of each of the above temporary differences is determined based on the net deferred tax position (net assets or
net liabilities) on a per entity basis.
Deferred tax assets and liabilities cover the future tax consequences attributable to differences between the financial
and tax reporting bases of assets and liabilities and the benefits of tax loss carry forwards.
