Office Depot 2011 Annual Report Download - page 230

Movements in the valuation allowance for the deferred ISR asset for the years ended December 31 are as follows:
In Colombia, tax losses carryforwards of $229,052 as of December 31, 2011 can be recovered without limitation on the
value or period.
22
Balance at
beginning o
f
period
Additional
charged to
expenses
Amortization
of tax losses
Balance at ending
of period
2011 79,242 21,147 24,802 75,587
2010 (Unaudited)
33,155 46,087
—
79,242
2009 (Unaudited) 2,566 30,589
—
33,155
d. As of December 31, the main items that
g
ive rise to a deferred IETU liabilit
y
are:
2010 2009
(Unaudited)
Deferred IETU liabilit
y
:
Accounts receivable $
—
$(1,761)
Accounts receivable from affiliated com
p
anies (49,690) (33,395)
Vehicles
(1,789) (344)
Deferred IETU liabilit
y
(51,479) (35,500)
Deferred IETU asset:
Accrued ex
p
enses 11,076 9,669
Deferred IETU asset: 11,076 9,669
Total IETU liabilit
y
$(40,403) $(25,831)
Deferred income taxes $27,224 $231
e. The benefits of restated tax loss carryforwards for which the deferred ISR asset has been recognized, can be recovered
sub
j
ect to certain conditions in different
j
urisdictions. Restated amounts as of December 31, 2011 and ex
p
iration dates are:
Year of
Expiration
Tax loss
Carryforwards
2012 $4,277
2013
2,236
2014 1,146
2015
643
2016 586
2017
31
2018 961
2019
357
2020 22
2021
21
$10,280