Investor Presentaiton
ANNUAL INTEGRATED REPORT 2021 | AXTEL
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The above-mentioned sensitivity analyses are based on a change
in an assumption, while all other assumptions remain constant. In
practice, this is not likely to happen, and there may be changes in
other correlated assumptions. When calculating the sensitivity of
pension plans to principal actuarial assumptions, the same method
has been used as if it involved calculation of liabilities pertaining to
pension benefit plans recorded in the consolidated statement of
financial position. The methods and type of assumptions used in
preparing the sensitivity analysis suffered no changes with respect to
the prior period.
b. The detail of deferred income tax asset (liability) is as follows:
Tax loss carryforwards
Allowance for doubtful accounts
Property, plant and equipment
Provisions and other
Intangible assets and other
Deferred tax asset
Property, plant and equipment
Intangible assets and other
Deferred tax liability
2021
$1,118,770
481,081
2020
2019
$ 813,140
$1,274,483
640,832
626,165
1,093,232
871,738
719,079
140,288
405,326
262,916
22,739
$2,856,110
(190,493)
(6,356)
$2,540,543 $2,876,287
$
(1,128) $ (4,401) $ (3,489)
(6)
2,947
2,730
$ (1,134) $ (1,454) $ (759)
20
INCOME TAXES
a. Income taxes recognized in the consolidated statement of income:
Current income tax
Deferred income tax
Prior years' adjustment
Income tax (expense) benefit
2019
$(73,606)
86,766
2021
$ (9,338)
393,265
(31,522)
$352,405
2020
$ (49,602)
(364,025)
(379,006)
$(792,633)
$ 15,291
2,131
Deferred income tax assets are recognized over tax loss carryforwards
to the extent the realization of the related tax benefit through future
tax income is likely. Tax losses as of December 31, 2021 for which a tax
asset was recognized amount to $3,729,234. The Company reserved
tax losses of $73,235 since its recovery is not considered probable.
Tax losses as of December 31, 2021 expire in the following years:
Year of expiration
2023
2024
Amount
$ 150,099
121,878
157
15577
2021
Income (loss) before taxes
$(1,149,147)
Statutory rate
(Expense) benefit at statutory rate
30%
344,744
2020
$1,153,888
30%
(346,166)
2019
$(353,309)
30%
105,993
(Plus) less tax effect on:
Tax effects of inflation
Non-deductibles
Other differences, net
Total income tax (expense) benefit
charged to income
Effective rate
(76,082)
(17,228)
100,971
(118,037)
(31,591)
(296,839)
(145,179)
(43,483)
97,960
$ 352,405
$(792,633)
$ 15,291
(31)%
(69)%
(4)%
2025
2026 onwards
99,740
3,357,517
$3,729,234View entire presentation