79 / 113
Total
Note
Fixed and
Intangible
Assets
Carried
forward
losses
Impairment
of Inventory
Warranty
Provision
Surplus
revaluation of
fixed assets*
Foreign
exchange
loss
December 31,
2016
December 31,
2015
Deferred tax assets
Balance at 1 January
825
15 063
9 910
14 842
-
-
40640
35 517
Reclass
(814)
814
-
-
-
-
-
-
Charged to the income
statement
-
(6 005)
(2 455)
5 177
-
121 998
118 715
5 123
Balance at the endof
the year
11
9872
7455
20019
-
121 998
159 355
40640
Deferred tax liabilities
Balance at 1 January
(82 926)
-
-
-
-
-
(82926)
(85 464)
Charged to the income
statement
(20 300)
-
-
-
-
-
(20 300)
2 538
Charged to Statement
of comprehensive
income
-
-
-
-
(61 163)
-
(61 163)
-
Balance at the endof
the year
(103 226)
-
-
-
(61 163)
-
(164 389)
(82926)
Net deferred tax
liabilities
(103 215)
9872
7455
20019
(61 163)
121 998
(5 034)
(42286)
Net
Balance at 1 January
(82 101)
15 063
9910
14842
-
-
(42286)
(49947)
Reclass
(814)
814
-
-
-
-
-
-
Charged to the income
statement
(9-C)
(20 300)
(6 005)
(2 455)
5 177
-
121 998
98415
7 661
Charged to Statement
of comprehensive
income
-
-
-
-
(61 163)
-
(61 163)
-
Balance at the endof
the year
(103 215)
9872
7455
20019
(61 163)
121 998
(5 034)
(42286)
* Deferred tax expense on surplus revaluation of fixed assets is charged to consolidated statement of comprehensive income.
B Deferred tax assets and liabilities
2016 ANNUAL REPORT
77
GB Auto (S.A.E.)
Notes to the consolidated financial statements for the financial year ended December 31, 2016
(In thenotes all amounts are shown inThousandEgyptianPounds unless otherwise stated)