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Agf Tax Comp 2014 Yoa1

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48 views6 pages

Agf Tax Comp 2014 Yoa1

vcbvcx

Uploaded by

Japh Dee
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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A G FERRERO AND COMPANY LIMITED

TAX COMPUTATIONS

FOR 2013 YEAR OF ASSESSMENT


( Based on the accounts for the Year Ended 31 March 2012)

A G FERRERO AND COMPANY LIMITED


INCOME TAX COMPUTATION FOR 2014 YEAR OF ASSESSMENT
( Based on the accounts for the year ended 31 March 2013)

N 29,690,000.00

Net profit per financial statement Add Disallowable expenses Depreciation Taxes and levies Donations and subscription

40,308,000.00 18,360,000.00 58,668,000.00

Adjusted Profit/Assessable profit

88,358,000.00

Add: Balancing Charge

88,358,000.00

Deduct capital allowance: Balance brought forward For the year Investment allowance 35,216,402.14 188,200.00
35,404,602.14

(35,404,602.14)

Unrelieved capital allowance carried forward

Taxable Profit Tax payable@30%

52,953,397.86 15,886,019.36

Income Tax Liability

15,886,019.36

51

AG FERRERO AND COMPANY LIMITED EDUCATION TAX COMPUTATION FOR 2013 YEAR OF ASSESSMENT.

(Based on the accounts for the year ended 31 March 2012)

N Assessable Profit 88,358,000.00

Education Tax Liability @2%

1,767,160.00

A G FERRERO AND COMPANY LIMITED DEFERRED TAX COMPUTATION


FOR 2013 YEAR OF ASSESSMENT
N Net book value as at 31 March 2012 Less Capital work in progress N 498,669,000.00 (58,938,000.00) 439,731,000.00 (44,997,611.00) 394,733,389.00 394,733,389.00 118,420,016.70 95,141,000.00 23,279,016.70

Less Tax written down value as at 31 March 2012 Chargeable/Timing differences Less Unutilised capital allowance C/F to 2014 Adjusted chargeable differences Deferred tax liability for the year at 30% Provision made to date as per 2011 signed audited accounts Additional provision

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