Note 1 - Beerenberg

Note 10
Tax
(Amounts in NOK 1,000)
01.01 - 31.12
Tax payable is as follows: 2012 2011
Ordinary profit/loss before tax 136 101 93 193
Permanent differences 505 860
Change in temporary differences -13 473 -15 817
Group Contribution -48 037 -35 235
Basis for tax payable 75 096 43 001
Tax payable on profit for the year 21 027 12 040
Tax for the year is as follows:
Tax payable on profit for the year 21 027 12 040
Adjustment from previous years 0 6 087
Gross change in deferred tax 3 772 4 429
Tax on Group Contribution 13 450 9 866
Total tax for the year 38 250 32 423
Tax payable on profit for the year 31-12-12 31-12-11
Tax payable on profit for the year 21 027 12 040
Tax payable from previous year 891 0
Skattefunn refund 0 -40
Total tax payable 21 918 12 001
Specification of basis for deferred tax / deferred tax assets:
Non-current assets 50 134 41 121
Current assets -602 -600
Liabilities -14 907 -19 368
Total basis for deferred tax 34 625 21 153
Deferred tax 9 695 5 923
Explanation of why tax for the year is not 28% of the profit before tax
28% tax on profit before tax 38 108 26 094
Permanent differences (28%) 141 241
Errors from previous years 0 6 087
Estimated tax 38 250 32 423
88
Beerenberg CORP. AS Annual accounts 2012