Republic Bank Limited
108
For the year ended September 30, 2015. Expressed in thousands of Trinidad and Tobago dollars ($’000) except where otherwise stated
Notes to theConsolidatedFinancial Statements
4
Financial
10 DEFERRED TAX ASSETS AND LIABILITIES
Components of deferred tax assets and liabilities
a) Deferred tax assets
(Credit)/charge
Opening
Acquisition
Exchange Consolidated
Closing
balance
of
and other statement of
balance
2014
Subsidiaries adjustments
income
OCI
2015
Post-retirement
medical benefits
123,717
–
(597)
8,381
(21,448)
110,053
Leased assets
24,496
–
–
(9,717)
–
14,779
Unrealised reserve
4,930
–
1,328
27
1,527
7,812
Unearned loan
origination fees
29,767
–
19
1,593
–
31,379
Other
1,244
–
–
5,473
(4)
6,713
184,154
–
750
5,757
(19,925)
170,736
b) Deferred tax liabilities
Charge/(credit)
Opening
Acquisition
Exchange Consolidated
Closing
balance
of
and other statement of
balance
2014
Subsidiaries adjustments
income
OCI
2015
Pension asset
323,323
–
2,051
(9,948)
(7,579)
307,847
Leased assets
32,304
–
–
(4,435)
–
27,869
Premises and
equipment
70,855
2,619
(2,586)
1,658
–
72,546
Unrealised reserve
41,554
–
55
–
(32,134)
9,475
Other
–
2,284
–
–
(10)
2,274
468,036
4,903
(480)
(12,725)
(39,723)
420,011
Net credit to consolidated statement of income
18,482
