SBN HOLDINGS LIMITED Annual Report 2022
NOTES TO THE ANNUAL FINANCIAL STATEMENTS continued
86
13.
Deferred tax
13.1
Deferred tax analysis
GROUP
Originating/(reversing) temporary differences arising from:
2022
N$'000
2021
N$'000
Deferred tax asset
Property, equipment and intangible assets
(245 761)
(65 074)
Assets on lease
(7 477)
Post-employment benefits
36 194
493
Provision for loan impairment
125 471
Provisions and other differences
48 040
664
Tax losses
87 592
65 477
Deferred tax asset closing balance
44 059
1 560
Deferred tax asset
44 059
1 560
Deferred tax liability
Property, equipment and intangible assets
(47 004)
(211 495)
Assets on lease
(10 782)
Provisions and other differences
116 703
Provisions for loan impairment
60 996
Post-employment benefits
34 357
Goodwill
(2048)
Tax losses
21 575
Other differences
(2344)
397
Deferred tax liability closing balance
(27 476)
(12 168)
Deferred tax liability
(27 476)
(12 168)
COMPANY
2022
N$'000
2021
N$'000
13.
Deferred tax continued
13.2
Deferred tax reconciliation
Deferred tax asset
SBN HOLDINGS LIMITED
Annual report 2022
GROUP
COMPANY
2021
N$'000
2022
N$'000
2022
N$'000
Deferred tax asset balance at the beginning of the year
1 560
23 450
Temporary differences for the year:
42 499
(21 890)
Property, equipment and intangible assets
(180 687)
Assets on lease
(7 477)
(3440)
137
Post-employment benefits
35 701
Provisions for loan impairments
125 471
Provisions and other differences
47 376
Tax losses
22 115
(5 979)
(12 608)
Deferred tax asset balance at the end of the year
44 059
1 560
Deferred tax liability
Deferred tax liability balance at the beginning of the year
(12 168)
Temporary differences for the year:
(15 308)
(5 356)
(6 812)
Property, equipment and intangible assets
Assets on lease
164 491
10 782
1 832
9 737
Provisions and other differences
(116 703)
Provisions for loan impairments
Post-employment benefits
(60 996)
(34 357)
(16 629)
Deferred tax on acquisition
Goodwill
Tax losses
296
(2 317)
(203)
Other differences
21 575
(397)
768
Deferred tax liability balance at the end of the year
(27 476)
(12 168)
16 474
(10 608)
Net deferred tax balance at the end of the year
Temporary differences for the year comprise:
Recognised in profit or loss
Recognised in OCI (note 32.2)
Recognised in retained earnings
Total
(53 437)
17 321
221
26 025
9 254
(27 191)
26 575
14.
Deposits and current accounts
2021
N$'000
GROUP
COMPANY
2022
N$'000
2021
Restated¹
N$'000
2022
N$'000
2021
N$'000
Deposits from banks
1 430 532
1 474 539
Deposits and current accounts from customers
25 922 875
26 781 347
Current accounts
7 714 366
Cash management deposits
Card creditors
Call deposits
Term deposits
1 334 140
27 037
9 940 923
8 222 857
1956 685
26 036
9 292 793
Savings accounts
Negotiable certificates of deposit
Total
603 177
685 688
3 018 670
2 982 189
3 284 562
3 615 099
27 353 407
28 255 886
1 Refer to the restatement narrative included in the accounting policy elections and restatements section for further information.
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