Page 177 - Mono Technology Public Company Limited : Annual Report 2014 EN

The reconciliation between accounting profit and income tax expense is shown below.
(Unit: Million Baht)

Consolidated Separate
financial statements financial statements
2014 2013 2014 2013

Accounting profit (loss) before tax (26) 540 608 608

Income tax rate 20% 20% 20% 20%
Accounting profit (loss) before tax multiplied (5) 108 122 122
by income tax rate

Tax effect of income and expenses that are not
taxable income or not deductible in
determining taxable profit

Promotional privileges (Note 23) (66) (68) - -
Dividend income from subsidiaries - - (66) (70)

Others 6 (1) - (1)

Income tax reported in the statement (65) 39 56 51
of comprehensive income

The components of deferred tax assets and deferred tax liabilities are as follows:
(Unit: Million Baht)
Profit or loss in
Consolidated consolidated statements
statements of of comprehensive
financial position
income
For the years ended 31
As at
December
31 December 31 December
2014 2013 2014 2013

Deferred tax assets (liabilities)

Allowance for doubtful accounts and allowance
for sale return 5 6 1 (6)
Intangible assets (Difference in amortisation) (8) (8) - 8
Provision for long-term employee benefits 4 5 - (5)

Unused tax loss 133 12 (121) (12)
Others 2 1 (1) (1)
Deferred tax relating to origination and reversal of
temporary differences - - (121) (16)

Deferred tax assets - net 136 16

Presented as follows:
Deferred tax asset 142 22

Deferred tax asset (6) (6)
Total 136 16

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