D-Link 2013 Annual Report Download - page 59
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D-LINK CORPORATION AND SUBSIDIARIES
Notes to the consolidated financial statements
(Continued)
(n) Income Taxes
Income tax expenses for the years ended December 31, 2013 and 2012, are summarized as follows:
2013
2012
Current income tax expense
$ 128,578
264,161
Deferred income tax expense
(58,607)
28,883
$ 69,971
293,044
The amount of income tax recognized in other comprehensive income was as follows:
2013
2012
Exchange differences arising on translation of foreign
operations
$ 16,849
(81,154)
Reconciliation of income tax and profit before tax is as follows:
2013
2012
Income before income tax
$ 746,251
1,104,102
Income tax using the Company’s domestic tax rate
$ 126,863
187,697
Effect of tax rate in foreign jurisdiction
123,341
76,986
Non-taxable income
(115,845)
(78,296)
Unrecognized temporary differences
(21,330)
6,355
Recognition of previously unrecognized tax losses
(77,558)
(38,442)
Investment tax credits
54,174
(11,713)
Differences of basic income tax and general tax
(8,384)
(16,425)
Reporting differences on prior years and others
(11,290)
166,882
$ 69,971
293,044
(1) Unrecognized deferred income tax assets
The unrecognized deferred income tax assets are as follows:
December 31,
2013
December 31,
2012
January 1,
2012
Unrealized expenses
$ 93,015
42,101
41,908
Provisions
14,772
12,471
10,679
Impairment
18,206
20,228
16,454
Investment tax credits
6,400
43,822
97,452
Operating loss carryforward
212,938
296,954
223,151
Write-down of inventories to net realizable
value
36,075
35,522
61,605
Others
17,354
44,948
27,014
$ 398,760
496,046
478,263