Deferred Charges (SF.BS.DeferredCharges) refers to prepaid expenses other than for operations. Such expenses may be deferred and amortized in later years. Certain deferred charges, such as debt issuance expenses, may be deferred as an asset and amortized during the life of related debt instruments. However, a similar item, such as…
Deferred Gas Cost (SF.BS.DeferredGasCost) refers to the cost of gas already consumed but not yet charged to consumers. Gas utility companies are required to deliver supplies at a reasonable price to consumers, but rates to consumers might not reflect fluctuations in the wholesale gas purchasing market. Gas utility companies accumulate…
Deferred Income Tax – Current Asset (SF.BS.DeferredIncomeTax_CurrentAsset) refers to the deferred tax assets with a current maturity. This accounting item arises when there is a timing difference between financial reporting and tax preparation practices, a company might have credits or additional tax liabilities from the government. Such credits or additional…
Deferred Income Tax – Current Liability (SF.BS.DeferredIncomeTax_CurrentLiability) refers to income taxes estimated and expected to be paid within one year or an operating cycle, whichever is longer. When liabilities of a company are not delineated between current and non-current, all deferred income tax liabilities are classified in the non-current section…
Deferred Income Tax – Long-Term Asset (SF.BS.DeferredIncomeTax_LTAsset) refers to the Credits on the Tax expected to be paid in the future. Deferred Income Tax – Long-Term Asset (SF.BS.DeferredIncomeTax_LTAsset) does not include: Prepaid taxes, where obligation is confirmed and differentiated from estimated deferred tax assets (shown in Prepaid Expenses (SF.BS.PrepaidExpenses) when…
Deferred Income Tax – LT Liability (SF.BS.DeferredIncomeTax_LTLiability) refers to the deferred income tax liabilities that is expected to become due in more than a year. It is also used for Short Term / Current Income Tax Liabilities if those are not reported separately. Deferred Income Tax – LT Liability (SF.BS.DeferredIncomeTax_LTLiability)…
Deferred Income Tax (SF.BS.DeferredIncomeTax) is the sum of: Deferred Income Tax – LT Liability (SF.BS.DeferredIncomeTax_LTLiability) Deferred Investment Tax Credit (SF.BS.DeferredInvestmentTaxCredit) (Utilities only).
Deferred Investment Tax Credit (SF.BS.DeferredInvestmentTaxCredit) refers to the estimated tax credits on certain investments by Utility companies. The Tax credit may be used in the future to reduce tax liabilities.
Deferred Policy Acquisition Costs (SF.CF.DeferredPolicyAcquisitionCostsChange) is the change in the capitalized deferred policy acquisition costs. Deferred Policy Acquisition Costs (SF.CF.DeferredPolicyAcquisitionCostsChange) does not include: Amortization of deferred policy acquisition costs (shown in Amortization of Deferred Policy Acquisition Costs (SF.CF.AmortOfDeferredPolicyAcqCosts))
Deferred Taxes (SF.CF.DeferredTaxes) is the portion of the income taxes expensed in the Income Statement but not paid. Deferred Taxes (SF.CF.DeferredTaxes) includes: Changes in deferred income tax assets/liabilities Deferred Taxes does not include: Accrued income taxes (shown in Taxes Payable (SF.CF.TaxesPayable)) Deferred income (shown in Other Liabilities (SF.CF.OtherLiabilitiesChange))
