PRIME INSURANCE COMPANY LIMITED

Deferred Tax
BASIS PERIOD: JANUARY - DECEMBER
2016 YEAR OF ASSESSMENT
Class 1 Class 2 Class 3 Class 4 Total
Carrying Value 447,114 642,187 564,642 5,553 1,659,496
Tax Base-WDV 228,779 233,190 128,883 - 590,852
Timing difference 218,335 408,997 435,759 5,553 1,068,643
Tax thereon @ 25% 54,584 102,249 108,940 1,388 267,161

Deferred tax (asset)/liability-2016 267,161

Deferred tax asset-2015 (127,868)
Deferred tax liability-2016 charged to the account 395,029

TaxC16