Reviewing The Deferred Tax Account Reports

Tax Provision calculates a detailed deferred tax and deferred tax charge. Deferred taxes and tax charges are calculated by legal entity and temporary difference.

The standard Tax Provision charge logic as discussed in the national deferred tax rollforward section is used in calculation of the Regional deferred tax rollforward. The Regional deferred tax rollforward reports contain the same temporary difference accounts as the Temporary Differences input app (RA1301).

The regional deferred tax reports contain the same columns as the national deferred tax reports, except the regional tax rate is used in the calculation of the regional deferred tax balances.

Regional deferred taxes and tax charges are calculated as gross amounts and are reflected as a reduction to the national-level deferred tax asset / (liability) in the National Benefit of Regional columns. If a temporary difference on a Regional level should not be deducted at the National level, the NBR indicator is set to FALSE, resulting in no National benefit of Regional amount being calculated.

For more information on deferred tax account reports, see:

• Deferred Tax Account report (RA1401)
• Deferred Tax Account - Scheduling report (RA1402)
• Deferred Tax - for Tax Account Rollforward report (RA1404)
• Deferred Tax Recognised report (RA1405)

Deferred Tax Account report (RA1401)

Tax Provision automatically calculates the deferred tax based on the values in the Temporary Difference input app and the regional tax rates. The Tax Administrator designates temporary difference as either current or non-current, if required, in order to correctly classify the resulting deferred tax asset / (liability).

The deferred tax account shows a rollforward of the deferred tax activity from the beginning of the year to the end of the period for temporary differences, long-term capital losses, tax losses, and tax credits. This report contains tax-affected data for the accounts that appear in the Temporary Differences input app (RA1301).

This report contains the following symbols in the Elements dimension (across):

• NetRBOY_IAS — Regional Opening Deferred Tax Asset/(Liability)

  This column reflects the beginning of year deferred tax asset / liability. This balance is equal to the amount in the beginning of year gross temporary difference column multiplied by the applicable beginning of year deferred tax rate.

• NetRDTNRPY_IAS — Regional Deferred Tax Not Recognised - Prior Year

  This column reflects the deferred tax not recognised from the prior year. These values are populated from the rollover.

• NetRBOYU_IAS — Regional Opening Deferred Tax Asset / (Liability) - Unadjusted

  This column is calculated and is the sum of NetRBOY_IAS + NetRDTNRPY_IAS.

• NetRPYAdj_IAS — Regional Prior Year Adjustment

  This column reflects the tax impact of the gross prior year adjustment. This balance equals the amount in the gross temporary difference prior year adjustment column multiplied by the current year tax rate.

• NetRRTPCurDfd_IAS — Regional True Up

  This column represents the tax impact of the gross true-up adjustment which flows from the Prior Year Adjustment report. This balance is equal to the amount in the gross temporary difference column multiplied by the current year tax rate.

• NetRPYT_IAS — Regional Prior Year Charge

  This column is calculated and is the sum of NetRPYAdj_IAS and NetRRTPCurDfd_IAS.

• NetRBOYA_IAS — Regional Opening Balance as Adjusted

  This is the total opening balance as adjusted. This value is calculated and is the sum of NetRBOYU_IAS and NetRPYT_IAS.

• NetRAcqPR_IAS — Regional Acquisitions Prior

  This column represents the acquisitions that were reflected from an earlier period within the same year, and is populated through the rollover process.

• NetRAcqCur — Regional Acquisitions Current

  This column represents the value of deferred tax balances acquired. This value comes from the Acquisitions input app (RA1303).

• NetRAcq_IAS — Regional Acquisitions

  This column represents the tax impact of the activity posted into the acquisitions column of the gross temporary difference rollforward. This balance equals the amount in the gross temporary difference true-up column multiplied by the current year tax rate.

• NetRRCAcqPR_IAS — Deferred Tax Impact - Change in Tax Rates ACQ PRIOR Reversal

  This column represents the portion of any tax rate change related to an acquired deferred tax balance that does not impact the P/L from a prior period in the current tax year. It is populated as part of the rollover process.

• NetRRCAcqCR_IAS — Deferred Tax Impact - Change in Tax Rates ACQ CUR Reversal

  This column represents the portion of any tax rate change related to an acquired deferred tax balance that does not impact the P/L. This value comes from the Acquisitions input app (RA1303) and represents NetRRCAcqC_IAS multiplied by -1.

• NetRRCAcqTR_IAS — Deferred Tax Impact - Change in Tax Rates TOT ACQ Reversal

  This column is calculated and is the sum of NetRRCAcqPR_IAS and NetRRCAcqCR_IAS.

• NetRDisp_IAS — Regional Disposals

  This column represents the tax impact of the activity posted into the disposals column of the gross temporary difference rollforward. This balance equals the amount in the gross temporary difference column multiplied by the current year tax rate.

• NetRCY_IAS — Regional Current Year (Income Statement)

  This column represents the tax impact of the current year temporary differences that are used in the calculation of the current tax charge. This balance equals the amount in the gross temporary difference column multiplied by the current year tax rate.

• NetRCYOthCurDfd_IAS — Regional Other Adjustments (CT & DT Impact)

  This column represents the tax impact of the activity posted into the other current year adjustment – CT & DT Only Impact column of the gross temporary difference rollforward.

• NetRCYOthDfd_IAS — Regional Other Adjustments (DT Impact)

  This column represents the tax impact of the activity posted into the other current year adjustment – DT Only Impact column of the gross temporary difference rollforward. This balance equals the amount in the gross temporary difference column multiplied by the current year tax rate.

• NetRCYTrfr_IAS — Regional Transfers

  This column represents the tax impact of the activity posted into the transfers column of the gross temporary difference rollforward. This balance equals the amount in the gross temporary difference column multiplied by the current year tax rate.

• NetRUDiff_IAS — Regional Unexplained - Impact Provision

  This column impacts the total Regional level deferred tax balance. It is calculated by multiplying the gross unexplained - impact tax charge amount by the regional current year tax rate. This column applies to Income accounts only.

• NetRDTNRChg_IAS — Regional Change in Deferred Tax Not Recognisable

  This column is calculated and is equal to the negative value in column NetRDTNR_IAS less the value in column NetNDTNRPY_IAS for accounts classified as income. These columns are reflected in the Deferred Tax Not Recognised - Proof report (RA1406).

• NetRRCBOY_IAS — Regional Deferred Tax Impact - Change in Tax Rates (Opening Balances)

  This column is calculated by the system and is equal to the beginning of year gross temporary difference balance multiplied by the difference between the ending and beginning deferred tax rates.

• NetRRCCY_IAS — Regional Deferred Tax Impact - Change in Tax Rates (Movement)

  This column is calculated by the system and is equal to the current year activity for a gross temporary difference multiplied by the difference between the ending deferred tax rate and the current year tax rate.

• NetRRCAcqP_IAS — Regional Deferred Tax Impact - Change in Tax rates ACQ PRIOR

  This column represents the portion of any tax rate change related to an acquired deferred tax balance that does not impact the P/L from a prior period in the current tax year. It is populated as part of the rollover process.

• NetRRCAcqC_IAS — Regional Deferred Tax Impact - Change in Tax rates ACQ CUR

  This column represents the portion of any tax rate change related to an acquired deferred tax balance that does not impact the P/L. This value comes from the Acquisitions input app (RA1303) and represents the value in NetRRCAcqC_IAS — Deferred Tax Impact - Change in Tax Rate ACQ CUR.

• NetRRCAcqT_IAS — Regional Deferred Tax Impact - Change in Tax rates TOT ACQ

  This column is calculated and is the sum of NetRRCAcqP_IAS and NetRRCAcqC_IAS.

• NetRRC_IAS — Regional Deferred Tax Impact - Change in Tax Rates

  This column is calculated and is the sum of NetRRCBOY_IAS, NetRRCCY_IAS, and NetRRCAcqT_IAS.

• NetRCYT_IAS — Regional Total Current Year Movement

  This column is calculated and is the sum of NetRCY_IAS, NetRCYOthCurDfd_IAS, NetRCYOthDfd_IAS, NetRCYTrfr_IAS, NetRUDIFF_IAS, NetRDTNRChg_IAS, and NetRRC_IAS.

• NetROCI_IAS — Regional OCI

  This column represents the after-tax value of GrsOCI_IAS — OCI.

• NetRRTPOCICurDfd_IAS — Regional True Up (CT & DT Impact of OCI Items)

  This column represents the after-tax value of GrsRTPOCICurDfd_IAS — True Up (CT & DT Impact of OCI Items).

• NetRDTNRCOCI_IAS — Regional Change in Deferred Tax Not Recognisable - OCI

  This column is calculated and is equal to the value in column NetRDTNR_IAS less the value in column NetRDTNRPY_IAS for accounts classified as OCI. These columns are reflected in the Deferred Tax Not Recognised – Proof report (RA1406).

• NetROCIOth_IAS — Regional Other OCI

  This column represents the after-tax value of GrsOCIOth_IAS — Other OCI.

• NetROCIRCBOY_IAS — Regional Change in Tax Rate on OCI (Opening Balances)

  This column is calculated by the system and is equal to the beginning of year gross temporary difference balance multiplied by the difference between the ending and beginning deferred tax rates for accounts classified as OCI.

• NetROCIRCCY_IAS — Regional Change in Tax Rate on OCI (Movement)

  This column is calculated by the system and is equal to the current year activity for a gross temporary difference multiplied by the difference between the ending deferred tax rate and the current year tax rate for accounts classified as OCI.

• NetROCIRCT_IAS — Regional Change in Tax Rate on OCI

  This is the total change in tax rate for accounts classified as OCI.

• NetNCTABOY_IAS — Exchange Difference (Opening Balance)

  This column is populated when this report is viewed in a reporting currency for an entity that has a different functional currency. It is calculated on the difference between the beginning of year deferred tax translated at the beginning of year spot rate and the end of period spot rate.

• NetNCTACY_IAS — Exchange Difference (Movement)

  This column is populated when this report is viewed in reporting currency for an entity that has a different functional currency. It is calculated on the difference between the current year deferred tax activity translated at the end of year period rate and the current year deferred tax activity translated at the average rate.

• NetRCTAT_IAS — Regional Foreign Exchange Movement

  This is the total foreign exchange movement.

• NetROCIT_IAS — Regional Total OCI

  This is the total after-tax OCI amount.

• NetREq_IAS — Regional Equity

  This column represents the after-tax value of GrsEq_IAS — Equity.

• NetRRTPEQCurDfd_IAS — Regional True Up (CT & DT Impact of Equity Items)

  This column represents the after-tax value of GrsRTPEqCurDfd_IAS_AF — True Up (CT & DT Impact of Equity Items).

• NetRDTNRCEQ_IAS — Regional Change in Deferred Tax Not Recognisable- Equity

  This column represents the change in regional deferred tax not recognised for accounts classified as Equity.

• NetREQOth_IAS — Regional Other Equity

  This column represents the after-tax value of GrsEqOth_IAS — Other Equity.

• NetRUDiffEq_IAS — Regional Unexplained - Equity

  This column represents the after-tax value of GrsUDiffEq_IAS — Unexplained - Equity.

• NetREqRCBOY_IAS — Regional Change in Tax Rate on Equity (Opening Balances)

  This column is calculated by the system and is equal to the beginning of year gross temporary difference balance multiplied by the difference between the ending and beginning deferred tax rates for accounts classified as equity.

• NetREqRCCY_IAS — Regional Change in Tax Rate on Equity (Movement)

  This column is calculated by the system and is equal to the current year activity for a gross temporary difference multiplied by the difference between the ending deferred tax rate and the current year tax rate for accounts classified as equity.

• NetNEqRCT_IAS — Regional Change in Tax Rate on Equity

  This is the total regional change in tax rate for accounts classified as equity.

• NetREQT_IAS — Regional Total Equity

  This is the total for regional accounts classified as equity.

• NetREOY_IAS — Regional Closing Deferred Tax Asset/(Liability)

  This is the deferred tax balance at the end of the year. This column is calculated and is the sum of NetRBOYA_IAS, NetRACQ_IAS, NetRRCACQTR_IAS, NetRDisp_IAS, NetRCYT_IAS, and NetREQT_IAS.

• NetRRSTA_IAS — Regional Deferred Tax Asset – Short-term

  This column represents the tax impact of the gross temporary difference balance classified as a short-term asset. It equals the gross temporary difference balance classified as a short-term asset multiplied by the applicable ending deferred tax rate.

• NetRRLTA_IAS — Regional Deferred Tax Asset – Long-term

  This column represents the tax impact of the gross temporary difference balance classified as a long-term asset. It equals the gross temporary difference balance classified as a long-term asset multiplied by the applicable ending deferred rate.

• NetRRSTL_IAS — Regional Deferred Tax Liability – Short-term

  This column represents the tax impact of the gross temporary difference balance classified as a short-term liability. It equals the gross temporary difference balance classified as a short-term liability multiplied by the applicable ending deferred rate.

• NetRRLTL_IAS — Regional Deferred Tax Liability – Long-term

  This column represents the tax impact of the gross temporary difference balance classified as a long-term liability. It equals the gross temporary difference balance classified as a long-term liability multiplied by the applicable ending deferred rate.

• NetRTRec_IAS — Regional Deferred Tax Recognisable

  This column is calculated and is the sum of NetRSTA_IAS, NetRRLTA_IAS, NetRRSTL_IAS, and NetRRLTL_IAS.

To review the Deferred Tax Account report:

1. In the Tax Provision navigation pane, click Reports.
2. Expand Regional Annual.
3. Use the drop-down list or the symbol selector to select the appropriate entity. For more information, see Using the Symbol Selector.
4. Click RA1401 - Deferred Tax Account.rtp. The report opens in the workspace.
5. Review the account values for each appropriate element. For more information on the accounts in this report, see Temporary Differences input app (RA1301) or Temporary Differences - Balance Sheet Method elements.

Deferred Tax Account - Scheduling report (RA1402)

Entities using the deferred tax scheduling methodology use the same format and calculations as the deferred tax rollforward with the following differences:

• The end of period deferred tax balance is based on the sum of the deferred tax balances for each of the scheduled years. Since the tax rates may differ during the years over which the temporary difference is expected to reverse, the ending balance is a sum of the calculated deferred tax balances for each year.
• The tax rate change is based on the average deferred tax rate calculated by dividing the ending deferred tax balance as calculated by the end of period gross temporary difference and not on the deferred tax rates entered in the Tax Rates input app (XRC0201 or XRC1201).

This report contains the following symbols in the Elements dimension (across):

• NetREOY1_IAS — Regional Balance Reversing in Year 1

  This column represents the amount reversing in the first year.

• NetREOY2_IAS — Regional Balance Reversing in Year 2

  This column represents the amount reversing in the second year.

• NetREOY3_IAS — Regional Balance Reversing in Year 3

  This column represents the amount reversing in the third year.

• NetREOY4_IAS — Regional Balance Reversing in Year 4

  This column represents the amount reversing in the fourth year.

• NetREOY5_IAS — Regional Balance Reversing in Year 5

  This column represents the amount reversing in the fifth year.

• NetRTYR_IAS — Regional Total Balance Reversing Years

  This column represents the total amount reversing over the five year period.

To review the Deferred Tax Account - Scheduling report:

1. In the Tax Provision navigation pane, click Reports.
2. Expand Regional Annual.
3. Use the drop-down list or the symbol selector to select the appropriate entity. For more information, see Using the Symbol Selector.
4. Click RA1402 - Deferred Tax Account - Scheduling.rtp. The report opens in the workspace.
5. Review the account data for each scheduling period. For information on the accounts in this report, see Temporary Differences input app (RA1301).

Deferred Tax - for Tax Account Rollforward report (RA1404)

This report shows the breakdown of the deferred tax rollforward into further detail for each Element, for use in Tax Account Rollforward mappings.

The deferred tax rollforward is classified as one of the following classifications:

• Regional Deferred Tax Asset - Current
• Regional Deferred Tax Liability - Current
• Regional Deferred Tax Asset - Non-Current
• Regional Deferred Tax Liability - Non-Current
• The classification of these items is based on:
• The “Current or Non-Current” column. This setting determines whether the balance is classified in the current or non-current columns.
• The balance in symbol RecREOY_IAS — Regional Closing Deferred Tax Asset/(Liability) - Recognised. If this balance is positive, the amount is classified as an asset. If this balance is negative, the amount is classified as a liability.

The deferred tax ending balance is considered an asset for all deferred tax accounts except valuation allowances if the value in element RecREOY_IAS — Regional Closing Deferred Tax Asset/(Liability) - Recognised is greater than zero. For the valuation allowance accounts, the balance is treated as an offset to the asset balance if the value in element RecREOY_IAS — Regional Closing Deferred Tax Asset/(Liability) - Recognised is less than zero. Otherwise, the ending balance is considered a liability.

Administrators can use the Current and Deferred Tax editor to indicate the account level at which the classification of the deferred tax balances is determined. The highest level account selected is used as the classification level. For example:

• If you want deferred tax balances to be classified at each temporary difference, select a classification level for each temporary difference account.
• If you want deferred tax balances to be classified at the total GAAP/IFRS to STAT temporary difference level, select the classification level at the GAAP/IFRS to STAT parent temporary difference account. This overrides the classification level setting at the temporary difference account level below the parent level GAAP/IFRS to STAT temporary difference.

For more information, see the Longview Tax Administrator’s Guide.

In addition to the above classification processes, Tax Provision also reviews the classification of balances between the end of the period and the beginning of the year to determine if there has been a change in the overall classification of deferred balances (i.e. current asset at beginning of year is a current liability at the end of the period). If there is a classification change, the reclass elements provide the adjustment that is mapped to the Tax Account Rollforward to automate the reclassification adjustment (reflected in the Reclassification of Deferred Tax Accounts row of the tax account rollforward).

This report contains the following symbols in the Elements dimension (across):

• RecNEOY_IAS — Closing Deferred Tax Asset / (Liability) - Recognised

  This parent contains the same symbols as the “Deferred Tax Recognised report (RA1405)”.

• RecRClass_IAS — Regional Tax Classification - Recognised

  The parent element of the classified deferred tax rollforwards for Regional Deferred Tax Current Asset - Recognised, Regional Deferred Tax Current Liability - Recognised, Regional Deferred Tax Non-Current Asset - Recognised, and Regional Deferred Tax Non-Current Liability - Recognised, along with their related reclass adjustments.

To review the regional actual Deferred Tax - for Tax Account Rollforward report:

1. In the Tax Provision navigation pane, click Reports.
2. Expand Regional Annual.
3. Use the drop-down list or the symbol selector to select the appropriate entity. For more information, see Using the Symbol Selector.
4. Click RA1404 - Deferred Tax - for Tax Account.rtp. The report opens in the workspace.
5. Review the account values for each appropriate element. For detailed information on the accounts in this report, see Temporary Differences input app (RA1301).

Deferred Tax Recognised report (RA1405)

This report provides the recognised portion of the deferred tax account which is used to populate the Effective Tax Rate reports and Tax Account Rollforward.

This report represents the after-tax values of the amounts in the Temporary Differences Recognised report (RA1306).

This report contains the following symbols in the Elements dimension (across):

• RecRBOY_IAS — Regional Opening Deferred Tax Asset/(Liability) - Recognised

  This column reflects the recognised beginning of year deferred tax asset / liability. This balance is equal to the amount in the recognised beginning of year gross temporary difference column multiplied by the applicable beginning of year deferred tax rate.

• RecRPYAdj_IAS — Regional Prior Year Adjustments - Recognised

  This column reflects the tax impact of the recognised gross prior year adjustment. This balance equals the amount in the recognised gross temporary difference prior year adjustment column multiplied by the current year tax rate.

• RecRRTPCurDfd_IAS — Regional True Up - Recognised

  This column represents the recognised gross true-up adjustment. This balance is equal to the amount in the recognised gross temporary difference true-up column multiplied by the current year tax rate.

• RecRPYT_IAS — Regional Prior Year Charge - Recognised

  This column is calculated and is the sum of RecRPYAdj_IAS, RecRRTPCurDfd_IAS, and RectRBRPY_IAS.

• RecRBOYA_IAS — Regional Opening Deferred Tax Asset/(Liability) as Adjusted - Recognised

  This is a total recognised opening balance as adjusted. This value is calculated and is the sum of RecRBOY_IAS, RecRBRBOY_IAS, and RecRPYT_IAS.

• RecRAcqPR_IAS — Regional Acquisitions Prior - Recognised

  This column represents the recognised acquisitions that were reflected from an earlier period within the current tax year and is populated through the rollover process.

• RecRAcqCur_IAS — Regional Acquisitions Current - Recognised

  This column represents the recognised value of the deferred tax balances acquired. The value is based on the information in Acquisitions input app (NA1303).

• RecRAcq_IAS — Regional Acquisition - Recognised

  This column is calculated and is the sum of RecRAcqPR_IAS and RecRAcqCur_IAS.

• RecRRCAcqPR_IAS — Regional Deferred Tax Impact - Change in Tax Rates ACQ PRIOR Reversal - Recognised

  This column represents the portion of any tax rate change related to an acquired deferred tax balance that does not impact the P/L from a prior period in the current tax year. It is populated as part of the rollover process.

• RecRRCAcqCR_IAS — Regional Deferred Tax Impact - Change in Tax Rates ACQ CUR Reversal - Recognised

  This column represents the portion of any tax rate change related to an acquired deferred tax balance that does not impact the P/L. This value comes from Acquisitions input app (RA1303) and represents NetRRCAcqC_IAS multiplied by -1.

• RecRRCAcqTR_IAS — Deferred Tax Impact - Change in Tax Rates TOT ACQ Reversal - Recognised

  This column is calculated and is the sum of NetRRCAcqPR_IAS and NetRRCAcqCR_IAS.

• RecRDisp_IAS — Regional Disposals - Recognised

  This column represents the tax impact of the activity in the disposals column of the recognised gross temporary difference rollforward. This balance equals the amount in the recognised gross temporary difference column multiplied by the current year tax rate.

• RecRCY_IAS — Regional Current Year - Recognised

  This column represents the tax impact of the activity in the current year movement column of the recognised gross temporary difference rollforward. This balance equals the amount in the recognised gross temporary difference column multiplied by the current year tax rate.

• RecRCYOthCurDfd_IAS — Regional Other Adjustment (CT & DT Impact) - Recognised

  This column represents the tax impact of the activity in the other adjustment – CT & DT Impact column of the recognised gross temporary difference rollforward. This balance equals the amount in the recognised gross temporary difference column multiplied by the current year tax rate.

• RecRCYOthDfd_IAS — Regional Other Adjustments (DT Impact) - Recognised

  This column represents the tax impact of the activity in the other adjustment – DT Impact column of the recognised gross temporary difference rollforward. This balance equals the amount in the recognised gross temporary difference column multiplied by the current year tax rate.

• RecRPYDTNR_IAS — Regional Change in DTR Percentage - P/L - Recognised

  This column reports any adjustment to the recognised opening deferred tax balances to reflect that the proportion of deferred tax recognised in the current period has changed compared to the prior period. Whereas the other elements within the report reflect the amount of activity recognised within a single value, any adjustments to the opening balances are shown separately to ensure that the opening recognised balances, the first column of data in the report, match the closing recognised balances in the prior period. This column is used only when the deferred tax account is set to INCOME.

• RecRCYTrfr_IAS — Regional Transfers - Recognised

  This column represents the tax impact of the activity in the transfers column of the recognised gross temporary difference rollforward. This balance equals the amount in the recognised gross temporary difference column multiplied by the current year tax rate.

• RecRUDiff_IAS — Regional Unexplained - Impact Provision - Recognised

  This column represents the tax impact of the activity in the Unexplained – impact tax charge column of the recognised gross temporary difference rollforward. This balance equals the amount in the recognised gross temporary difference column multiplied by the current year tax rate.

• RecRRCBOY_IAS — Regional Change in Tax Rate (Opening Balances) - Recognised

  This column is generally calculated by the system and is equal to the beginning of year recognised gross temporary difference balance multiplied by the difference between the ending and beginning deferred tax rates.

• RecRRCCY_IAS — Regional Deferred Tax Impact - Change in Tax Rates (Movement) - Recognised

  This column is generally calculated by the system and is equal to the recognised current year activity for a gross temporary difference multiplied by the difference between the ending deferred tax rate and the current year tax rate.

• RecRRCAcqP_IAS — Regional Deferred Tax Impact - Change in Tax Rates ACQ PRIOR - Recognised

  This column represents the portion of any tax rate change related to an acquired deferred tax balance that does not impact the P/L from a prior period in the current tax year. It is populated as part of the rollover process.

• RecRRCAcqC_IAS — Regional Deferred Tax Impact - Change in Tax Rates ACQ CUR - Recognised

  This column represents the portion of any tax rate change related to an acquired deferred tax balance that does not impact the P/L. This value comes from the Acquisitions input app (RA1303) and represents the value in NetRRCAcqC_IAS — Deferred Tax Impact - Change in Tax Rate ACQ CUR.

• RecRRCAcqT_IAS — Regional Deferred Tax Impact - Change in Tax Rates TOT ACQ - Recognised

  This column is calculated and is the sum of RecRRCAcqP_IAS and RecRRCAcqC_IAS.

• RecRRC_IAS — Regional Deferred Tax Impact - Change in Tax Rates - Recognised

  This column is calculated and is the sum of RecNRCBOY_IAS, RecNRCCY_IAS, and RecNRCAcqT_IAS.

• RecRCYT_IAS — Regional Total Current Year Movement - Recognised

  This column is calculated and is the sum of RecRCY_IAS, RecRCYOtherCurDfd_IAS, RecRCYOthDfd_IAS, RecRCYTrfr_IAS, RecRUDiff_IAS, RecRRC_IAS, and RecRBRCYT_IAS.

• RecREQ_IAS — Regional Equity - Recognised

  This column represents the tax impact of the activity in the equity column of the recognised gross temporary difference rollforward. This balance equals the amount in the recognised gross temporary difference column multiplied by the current year tax rate.

• RecRRTPEQCurDfd_IAS — Regional True Up (CT & DT Impact of Equity Items) - Recognised

  This column represents the tax impact of the activity in the equity true-up column of the recognised gross temporary difference rollforward. This balance equals the amount in the recognised gross temporary difference column multiplied by the current year tax rate for accounts classified as equity.

• RecRPYDTNREQ_IAS — Regional Change in DTR Percentage - Equity - Recognised

  This column reports any adjustment to the regional recognised opening deferred tax balances to reflect that the proportion of deferred tax recognised in the current period has changed compared to the prior period. Whereas the other elements within the report reflect the amount of activity recognised within a single value, any adjustments to the opening balances are shown separately to ensure that the opening recognised balances match the closing recognised balances in the prior period. This column will be used where the deferred tax account is set as EQUITY.

• RecREQOth_IAS — Regional Other Equity - Recognised

  This column represents the tax impact of the activity in the other equity column of the recognised gross temporary difference rollforward. This balance equals the amount in the recognised gross temporary difference column multiplied by the current year tax rate.

• RecRUDiffEq_IAS — Regional Unexplained - Equity - Recognised

  This column represents the tax impact of the activity in the unexplained - equity column of the recognised gross temporary difference rollforward. This balance equals the amount in the recognised gross temporary difference column multiplied by the current year tax rate.

• RecRCTABOY_IAS — Regional Exchange Difference (Opening Balance) - Recognised

  This column is populated when the report is viewed in reporting currency for an entity that has a different functional currency. It is calculated on the difference between the recognised beginning of year deferred tax translated at the beginning of year spot rate and end of period spot rate.

• RecRCTACY_IAS — Regional Exchange Difference (Movement) - Recognised

  This column is populated when the report is viewed in reporting currency for an entity that has a different functional currency. It is calculated on the difference between the recognised current year deferred tax activity translated at the end of period spot rate and the recognised current year deferred tax activity translated at the average rate.

• RecRCTAT_IAS — Regional Foreign Exchange Movement - Recognised

  This column is calculated and is the sum of RecRCTABOY_IAS and RecRCTACY_IAS.

• RecREqRCBOY_IAS — Regional Change in Tax Rate on Equity (Opening Balances) - Recognised

  This column is calculated by the system and is equal to the beginning of year recognised gross temporary difference balance multiplied by the difference between the ending and beginning deferred tax rates for accounts classified as equity.

• RecREqRCCY_IAS — Regional Change in Tax Rate on Equity (Movement) - Recognised

  This column is calculated by the system and is equal to the recognised current year activity for a gross temporary difference multiplied by the difference between the ending deferred tax rate and the current year tax rate for accounts classified as equity.

• RecREqRCT_IAS — Regional Change in Tax Rate on Equity - Recognised

  This column is calculated and is the sum of RecREqRCBOY_IAS and RecREqRCCY_IAS.

• RecREQT_IAS — Regional Total Equity - Recognised

  This column is calculated and is the sum of RecREQ_IAS, RecRRTPEQCurDfd_IAS, RecREQOth_IAS, RecRCTAT_IAS, RecREqRCT_IAS, and RecRBREq_IAS.

• RecREOY_IAS — Regional Closing Deferred Tax Asset/(Liability) - Recognised

  This is the deferred tax balance at the end of the year. This column is calculated and is the sum of RecRBOYA_IAS, RecRACQ_IAS, RecRRCACQTR_IAS, RecRDisp_IAS, RecRCYT_IAS, and RecREQT_IAS.

• NetRRSTA_IAS — Regional Deferred Tax Asset – Short-term

  This column represents the tax impact of the gross temporary difference balance classified as a short-term recognised asset. It equals the gross temporary difference balance classified as a short-term asset multiplied by the applicable ending deferred tax rate.

• NetRRLTA_IAS — Regional Deferred Tax Asset – Long-term

  This column represents the tax impact of the gross temporary difference balance classified as a long-term recognised asset. It equals the gross temporary difference balance classified as a long-term asset multiplied by the applicable ending deferred rate

• NetRRSTL_IAS — Regional Deferred Tax Liability – Short-term

  This column represents the tax impact of the gross temporary difference balance classified as a short-term recognised liability. It equals the gross temporary difference balance classified as a short-term liability multiplied by the applicable ending deferred rate.

• NetRRLTL_IAS — Regional Deferred Tax Liability – Long-term

  This column represents the tax impact of the gross temporary difference balance classified as a long-term recognised liability. It equals the gross temporary difference balance classified as a long-term liability multiplied by the applicable ending deferred rate.

• NetRTRec_IAS — Regional Deferred Tax Recognisable

  This column is calculated and is the sum of NetRSTA_IAS, NetRRLTA_IAS, NetRRSTL_IAS, and NetRRLTL_IAS.

• NetRDTNR_IAS — Regional Deferred Tax Not Recognised

  This column represents the tax impact of the gross temporary difference classified as Unrecognisable. It is equal to the value in the column GrsUR_IAS multiplied by the applicable ending deferred rate.

• NetRTR_IAS — Regional Deferred Tax Asset/(Liability)

  This column represents the total regional deferred tax asset/liability.

To review the Deferred Tax Recognised report:

1. In the Tax Provision navigation pane, click Reports.
2. Expand Regional Annual.

3. Use the drop-down list or the symbol selector to select the appropriate entity. For more information, see Using the Symbol Selector.

4. Click RA1405 - Deferred Tax Recognised.rtp. The report opens in the workspace.
5. Review the deferred tax recognised for your entity. For information on the accounts in this report, see Temporary Differences input app (RA1301).