2020 Annual Report
2020 ANNUAL REPORT
CONSOLIDATED FINANCIAL STATEMENTS
(19) Earnings per share-
Net profit per share results from the division of net profit for the year by the weighted average of the Company's outstanding
shares during the year, excluding the common shares acquired by the Company and held as treasury shares.
Earnings before profits tax
Current rate
Profit from the controlling interest
es
2020
4,353,365
Weighted average shares
1,721,356
Ordinary earnings per share (pesos)
$
2.53
Earnings per CPO (1)
$
(1)
It should be noted that a CPO corresponds to two series "A" shares
(20) Income tax-
2019
Income tax at the current legal rate
4,290,211
More (less) effect on the income tax of the following items:
Annual adjustment for inflation, net
Non-deductibles
1,721,356
2.49
5.06
4.98
(၁
Infrastructure tax deduction
Effective rate
2020
5,859,751
30%
1,757,925
MEGACABLE.
2019
5,773,206
30%
1,731,962
$
(96,655)
67,320
(393,094)
(58,755)
84,914
(437,510)
(1,335,496)
1,320,611
23%
23%
The deferred income tax balance is integrated as follows:
Deferred tax asset
Income Tax (LISR)
The Income Tax Act that entered into force on January 1, 2014 establishes that the applicable income tax rate for 2014 and
subsequent years is 30% on the taxable profit.
For investors in the Real Estate Companies (SIBRAS) regime, the 2014 Tax Reform raises the probability of paying the tax
for the profit generated by their contributions to said entities. As at December 31, 2018, the Group had a short-term liability
of $945,000, however, during the month of July 2019, a payment of $1,170,638 was made, $788,574 of which covered the
restated tax plus $382,064 for surcharges.
Tax loss carryforwards
Intangible assets
Estimate of credit losses
Inventory reserve
Labor obligations
Provisions
Trade advances
a)
Profits tax are comprised as follows:
2020
2019
S
412,183
414,206
410,728
448,276
102,243
71,219
18,103
22,314
25,906
40,519
152,416
165,702
239,818
11,695
$
1,364,875
1,170,453
2020
2019
Deferred income tax
Current income tax
Deferred income tax
$
(1,123,833)
(211,663)
(1,214,943)
(105,668)
Property, networks and equipment, net
S
(2,399,517)
(2,712,573)
Advance payments
(254,610)
(100,784)
Right-of-use lease, net
(666,745)
(101,430)
Total
$
(1,335,496)
(1,320,611)
$
(3,320,872)
(2,914,787)
b)
The reconciliation between the current and effective rates of the consolidated income tax are analyzed as follows:
Total of profits tax deferred, net
$
(1,955,997)
(1,744,334)
69View entire presentation