Sei sulla pagina 1di 1

Company ABC

Depreciation Schedule

Profit & Loss

Depreciation Rates Depreciation Amount Asset Purchase Value Accounting Tax Accounting Tax Buildings 200,000
Depreciation Rates
Depreciation Amount
Asset
Purchase Value
Accounting
Tax
Accounting
Tax
Buildings
200,000
1.63%
10.00%
3,260
20,000
Plant & Machinery
150,000
4.75%
25.00%
7,125
37,500
Total
350,000
10,385
57,500
Tax Calculation
Accounting
Tax
EBITDA
75,000
75,000
Depreciation
10,385
57,500
EBIT
64,615
17,500
Interest
0
0
EBT
64,615
17,500
Tax Expense @ 33.9%
21,904
5,933
Item Amount Revenue 150,000 Operating Expenses 75,000 EBITDA* 75,000 Derpeciation 10,385 EBIT** 64,615
Item
Amount
Revenue
150,000
Operating Expenses
75,000
EBITDA*
75,000
Derpeciation
10,385
EBIT**
64,615
Interest
0
EBT***
64,615
Deferred Tax - A
15,971
Current Tax - B
5,933
Total Tax = A+B
21,904
Profit After Tax (PAT)
42,711
Simple Balance Sheet
Assets
Amount
Liabilities
Amount
Cash
69,067
Capital
350,000
Gross Fixed Assets
350,000
Retained Earnings (P&L Account)
42,711
(-) Depreciation
10,385
Deferred Tax Liability
15,971
Net Fixed Assets
339,615
Total Assets
408,682
Total Liabilities
408,682

The Accounting P&L should reflect the total tax as 21,904 but the actual tax payable is 5,933. The difference between the two tax amounts is the Deferred Tax and the P&L on the right would contain two lines deferred tax (A) and current tax (B). Current Tax is the actual tax payable