FORM 20-F Grupo Casa Saba, S.A.B. de C.V.

Table of Contents
13. Other payables and accrued liabilities
At December 31, 2011 and 2010, the other payables and accrued liabilities balance were as follows:
2011 2010
Other payables Ps. 1,273,720 Ps. 1,457,464
Provisions 630,910 516,781
Tax payables 569,407 341,633
Documents for paying 230,585 131,853
Retentions of taxes 134,735 120,024
Employee profit sharing 3,710 5,356
Ps. 2,843,067 Ps. 2,573,111
Current provisions and other payables referred to above primarily consist of the best estimate of the Management on bonuses and incentive plans for employee benefits, retaining
officers, severance benefits derived from restructuring causes, administrative expenses, fees, marketing insurance and surety bonds, rents of locales, and certain contingencies from
legal procedures. These amounts and concepts are revolving in nature and are expected to be settled and replaced by similar amounts within the next 12 months.
14. Deferred effect of taxes on earnings and employee profit sharing:
At December 31, 2011 and 2010, the deferred income tax effect was as follows:
2011 2010
Cumulative inventory Ps. 155,896 Ps. 256,257
Allowance for doubtful accounts and estimate for slow-moving inventory (339,850) (262,238)
Property and equipment (22,377) (658)
Other 27,734 99,288
Tax loss carryforwards (275,423) (245,917)
Effect of ISR due translation effect of foreign operations 59,111 76,760
Deferred income tax liability (asset) (394,909) (76,508)
Valuation allowance 1,632
Deferred income tax liability (asset), net Ps. (393,277) Ps. (76,508)
i) At December 31, 2011 and 2010, Management determined that income tax will be the taxes on earnings that will normally be paid in future years by the Group’s Mexican
entities. Therefore, the Mexican entities recognized deferred income tax.
The deferred income tax asset is realized when: (i) taxable income is generated and its effect offsets the reversal of deductible temporary differences, including the tax loss carryforwards
effect; and (ii) there are sufficient taxable temporary differences whose reversal occurs in the reversal period of the deductible temporary differences. At December 31, 2011,
Management recorded a deferred Income Tax asset valuation allowance which it estimates will not be realized in the amount of Ps.1,632. Management estimates that the rest of the
deferred income tax asset will be realized considering its business plan, and no IETU will be generated in the short-term. Toward that end, Management takes into account expansion
plans, expiration of tax loss carryforward, projected taxable income, tax planning strategies, etc.
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