Notes to the consolidated financial statements
Download note 16 in XLS16. Income tax
| Consolidated income statement | Period | Period |
|---|---|---|
| from 1 January 2015 | from 1 January 2014 | |
| to 31 December 2015 | to 31 December 2014 | |
| PLN’000 | PLN’000 | |
| Current income tax | (9 966) | (15 513) |
| Deferred income tax | 1 018 | 4 007 |
| Tax expense charged to the consolidated income statement | (8 948) | (11 506) |
| Period | Period | |
|---|---|---|
| from 1 January 2015 | from 1 January 2014 | |
| Consolidated statement of other comprehensive income | to 31 December 2015 | to 31 December 2014 |
| PLN’000 | PLN’000 | |
| Consolidated statement of other comprehensive income | (2 109) | (991) |
| Tax charge disclosed in the consolidated statement of other comprehensive income | (2 109) | (991) |
| Reconciliation of the effective tax rate | Period | Period |
|---|---|---|
| from 1 January 2015 | from 1 January 2014 | |
| to 31 December 2015 | to 31 December 2014 | |
| PLN’000 | PLN’000 | |
| Gross financial profit/loss before tax | 42 879 | 55 145 |
| Tax at the statutory tax rate applicable in Poland (19%) | (8 147) | (10 478) |
| Items increasing/decreasing the effective tax rate not included in the deferred tax | (801) | (1 028) |
| - premiums to National Fund for Rehabilitation of the Disabled (PFRON) | (245) | (286) |
| - costs of writing off overdue receivables and bad debts | (242) | (537) |
| - impairment allowances for future liabilities and provisions for various debtors | (333) | (404) |
| - costs related to the share issue scheme | 79 | (103) |
| - prudence payments to the Bank Guarantee Fund | (375) | (264) |
| - fees awarded | (352) | 0 |
| - technology tax credit | 547 | 483 |
| - costs of establishing IBNR up to the amount of appropriation to the general risk fund | 408 | 225 |
| - other expenses | (288) | (142) |
| Total current tax expense charged to consolidated income statement | (8 948) | (11 506) |
| Consolidated statement of financial position | Consolidated statement of comprehensive income | |||
|---|---|---|---|---|
| Balance as at | Balance as at | Balance as at | Balance as at | |
| 31 December 2015 | 31 December 2014 | from 1 January 2015 | from 1 January 2014 | |
| to 31 December 2015 | to 31 December 2014 | |||
| Deferred tax assets | PLN’000 | PLN’000 | PLN’000 | PLN’000 |
| Interest due on deposits | 3 787 | 5 802 | (2 015) | 2 062 |
| Cost of debt securities (premium, EIR) | 1 491 | 1 028 | 463 | 189 |
| Interest due on debt securities | 591 | 621 | (30) | (668) |
| Negative measurement of derivatives | 253 | 78 | 175 | (87) |
| Provisions for due costs by type | 6 249 | 8 623 | (2 374) | 6 670 |
| Commissions and interest accounted for using the effective interest method | 16 669 | 14 497 | 2 172 | (892) |
| Impairment losses on receivables from financial entities | 18 | 31 | (13) | (12) |
| Impairment losses on receivables from non-financial entities | 16 066 | 13 878 | 2 188 | 2 562 |
| Allowances for current account commissions | 2 240 | 2 162 | 78 | 531 |
| Difference between balance-sheet amortization and tax amortization | 741 | 550 | 191 | (547) |
| Contribution to non-bank company | 0 | 0 | 0 | (7) |
| Other | 106 | 12 | 94 | (70) |
| Net deferred income tax assets or asset items charged to profit or loss | 48 211 | 47 282 | 929 | 9 731 |
| Net deferred income tax assets or asset items charged to equity | 434 | 457 | (23) | (72) |
| Total deferred tax assets | 48 645 | 47 739 | 906 | 9 659 |
| Deferred tax liability | tys. zł | tys. zł | tys. zł | tys. zł |
| Interest receivable accrued on loans | (3 564) | (5 080) | 1 516 | (1 112) |
| Discounting and interest on securities | (823) | (686) | (137) | 1 180 |
| Positive measurement of derivatives | (506) | (314) | (192) | 107 |
| Difference between balance-sheet amortization and tax amortization | (5 530) | (4 255) | (1 275) | (703) |
| Commissions with tax withholding paid to credit agents | (15 074) | (15 251) | 177 | (5 198) |
| Social Benefits Fund | 0 | 0 | 0 | 2 |
| Deferred tax liability charged to profit or loss | (25 497) | (25 586) | 89 | (5 724) |
| Deferred tax liability charged to equity | (3 219) | (1 133) | (2 086) | (919) |
| Total deferred tax liability | (28 716) | (26 719) | (1 997) | (6 643) |
| Presentation in the statement of financial position and income statement: | tys. zł | tys. zł | tys. zł | tys. zł |
| Deferred tax asset recognized in the income statement | 48 211 | 47 282 | 929 | 9 731 |
| Deferred tax liability charged to the income statement | (25 497) | (25 586) | 89 | (5 724) |
| Deferred tax liability / asset – effect on the income statement | 22 714 | 21 696 | 1 018 | 4 007 |
| Presentation in the statement of financial position and other comprehensive income: | tys. zł | tys. zł | tys. zł | tys. zł |
| Deferred tax asset recognized in other comprehensive income | 434 | 457 | (23) | (72) |
| Deferred tax liability charged to other comprehensive income | (3 219) | (1 133) | (2 086) | (919) |
| Deferred tax liability / asset - effect on other comprehensive income | (2 785) | (676) | (2 109) | (991) |
Current income tax liabilities/receivables
| Balance as at | Balance as at | |
|---|---|---|
| 31 December 2015 | 31 December 2014 | |
| PLN’000 | PLN’000 | |
| Current income tax receivables | 98 | 120 |
| Current income tax liabilities | 2 145 | 2 979 |