PA - Banco Security

NotE 5 - Income taxes
Deferred tax assets and liabilities include the temporary differences that are estimated to be paid or recovered by Grupo Security
for the differences between the financial value of assets and liabilities and their tax value, as well as the current tax losses and other
tax credits.
On the other hand, deferred tax assets, identified for temporary differences are only recognized when it is considered probable that
Grupo Security will have in the future sufficient taxable income to realize the benefits brought about by the deferred tax assets.
a) The deferred tax asset balances include the following:
Deferred Tax Assets
31.12.2010 31.12.2009 01.01.2009
ThCLP$ ThCLP$ ThCLP$
Defered tax assets related to depreciations 28,756,002 29,134,220 26,064,005
Defered tax assets related to amortizations - 28,984 22,419
Defered tax assets related to provisions 21,425,308 16,930,655 12,739,570
Defered tax assets related to revaluation of instruments 8,729 61,641 71,921
Defered tax assets related to tax losses 945,238 895,481 926,143
Defered tax assets related to others 3,042,418 4,206,244 4,195,896
Total 54,177,694 51,257,225 44,019,954
b) The deferred tax liability balances include the following:
Deferred Tax Liabilities
31.12.2010 31.12.2009 01.01.2009
ThCLP$ ThCLP$ ThCLP$
Defered tax liabilities related to depreciations 1,295,742 1,850,030 2,877,885
Defered tax liabilities related to provisions 14,581,253 11,877,111 6,821,021
Defered tax liabilities related to lease contracts 28,523,398 27,593,012 26,785,014
Defered tax liabilities related to others 2,095,989 1,719,447 3,642,108
Total 46,496,382 43,039,600 40,126,028