TERMINOLOGY, FORMS & METHODS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS. COPYRIGHT RODERICK SEEMAN

Article 11. Term Distribution of Corporate Taxes

In the preparation of consolidated financial statements, concerning corporate tax and any other taxes or imposts which are imposed which use as the tax standard monetary amounts related to earnings (hereinafter "corporate tax, etc.") it is possible to use term distribution dispositions (meaning, in those situations where there is a difference between the pretax income in the consolidated financial statement and the total of the taxable income for each consolidated subsidiary, based on differences in the year to which the income or expenses is attributable, the amount of the corporate tax, etc related to the said difference is adjusted to rationally correspond based on the method of term distribution of pretax profits of the consolidated financial statement.)