SCI Annual Report 2015

SCI ELECTRIC PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES
(FORMERLY KNOW AS “SCI ELECTRIC MANUFACTURER COMPANY LIMITED”)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE TEAR ENDED 31 DECEMBER 2015
20. Deferred Income Tax
Deferred income taxes are calculated in full on temporary differences, using the liability method and using a principal tax
rate of 20%. The deferred taxation related to the temporary differences between the carrying amounts and the tax bases of
assets and liabilities of the Group are summarized below:
In Baht
Consolidated financial statements Separate financial statements
2015 2014 2015 2014
Deferred income tax assets
Allowance for doubtful accounts 3,562,016 3,110,256 3,562,016 3,110,256
Employee benefit obligations 5,666,690 4,753,118 2,604,816 1,992,218
Fair value of investment
available for sale 16,929 - 16,929 -
Total deferred income tax assets 9,245,635 7,863,374 6,183,761 5,102,474
Annual Report 2015
Deferred income tax liabilities
Finance lease agreements (1,443,686) (384,624) (646,632) (384,624)
Fair value of investment
trade securities (598,587) - (598,587) -
Total deferred income tax liabilities (2,042,273) (384,624) (1,245,219) (384,624)
Deferred income tax assets, net 7,203,362 7,478,750 4,938,542 4,717,850
The movement in the deferred income tax account is as follows
In Baht
Consolidated financial statements
2014
Charged (credited)
to profit or
loss
Charged to
other comprehensive
income
Deferred income tax assets
Allowance for doubtful accounts 3,110,256 451,760 - 3,562,016
Employee benefit obligations 4,753,118 93,931 819,641 5,666,690
available for sale - - 16,929 16,929
Total deferred income tax assets 7,863,374 545,691 836,570 9,245,635
Deferred income tax liabilities
Finance lease agreements (384,624) (1,059,062) - (1,443,686)
trade securities - (598,587) - (598,587)
Total deferred income tax liabilities (384,624) (1,657,649) - (2,042,273)
Deferred income tax assets, net 7,478,750 (1,111,958) 836,570 7,203,362
2015
227