REPUBLIC BANK LIMITED
82
Notes to theConsolidatedFinancial Statements
For the year ended September 30, 2014. Expressed in thousands of Trinidad and Tobago dollars ($’000), except where otherwise stated
10 Deferred tax assets and liabilities
Components of deferred tax assets and liabilities
a) Deferred tax assets
(Credit)/Charge
Opening
Exchange
Consolidated
Other
Closing
Balance
and Other
Statement
Comprehensive
Balance
Restated
Adjustments
of Income
Income
2013
2013
2014
Post-retirement medical
benefits
91,325
(80)
4,181
28,291
123,717
Leased assets
24,024
–
472
–
24,496
Unrealised reserve
1,856
(3)
(395)
3,472
4,930
Unearned loan origination fees
25,156
(168)
4,779
–
29,767
Other
612
–
632
–
1,244
142,973
(251)
9,669
31,763
184,154
b) Deferred tax liabilities
Charge/(Credit)
Opening
Exchange
Consolidated
Other
Closing
Balance
and Other
Statement
Comprehensive
Balance
Restated
Adjustments
of Income
Income
2013
2014
Pension asset
324,862
–
(11,942)
10,403
323,323
Leased assets
34,080
–
(1,776)
–
32,304
Premises and equipment
63,052
(189)
7,992
–
70,855
Unrealised reserve
70,266
–
–
(28,712)
41,554
492,260
(189)
(5,726)
(18,309)
468,036
Non-controlling interest share of charge to OCI
742
Net credit to consolidated statement of income/OCI
15,395
50,814
