SCI Annual Report 2015

SCI Electric Public Company Limited
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
In Baht
Consolidated financial statements
2014
Charged (credited)
to profit or other compre-
Charged to
loss hensive income
2015
Deferred income tax assets
Allowance for doubtful accounts 3,110,256 451,760 - 3,562,016
Employee benefit obligations 1,992,218 281,775 330,823 2,604,816
Fair value of investment available for sale - - 16,929 16,929
Total deferred income tax assets 5,102,474 733,535 347,752 6,183,761
Deferred income tax liabilities
Finance lease agreements (384,624) (262,008) - (646,632)
Fair value of investment trade securities - (598,587) - (598,587)
Total deferred income tax liabilities (384,624) (860,595) - (1,245,219)
Deferred income tax assets, net 4,717,850 (127,060) 347,752 4,938,542
Deferred income tax assets and liabilities are offset when the income taxes related to the same fiscal authority. Deferred
tax assets and deferred tax liabilities in the consolidated statements of financial position are presented at net amount of
assets and liabilities incurred in each entity.
21. Income Tax Refundable
In Baht
Consolidated
financial statements
2015 2014
Income tax refundable 17,127,801 21,394,287
Less Written-off - (4,266,486)
Allowance for unrecoverable (17,127,801) (17,127,801)
Net - -
Income tax refundable comprise of value added tax of Baht 7.3 million, withholding income tax and prepaid tax of
Baht 9.8 million (2014: Baht 14.1 million). The subsidiary is in process of refund such taxes. For conservative purpose, the
subsidiary provided for a full allowance for unrecoverable of Baht 17.1 million.
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