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Industrial And Commercial Bank Of China (Industrial And Commercial Bank Of China) Deferred Tax

: $-1,160 Mil (TTM As of Dec. 2023)
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Change In Deferred Tax represents future tax liability or asset, resulting from temporary differences between book (accounting) value of assets and liabilities, and their tax value. This arises due to differences between financial accounting for shareholders and tax accounting.

Industrial And Commercial Bank Of China's change in deferred tax for the three months ended in Dec. 2023 was $295 Mil. Its change in deferred tax for the trailing twelve months (TTM) ended in Dec. 2023 was $-1,160 Mil.

Industrial And Commercial Bank Of China Deferred Tax Historical Data

The historical data trend for Industrial And Commercial Bank Of China's Deferred Tax can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Industrial And Commercial Bank Of China Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Deferred Tax
Get a 7-Day Free Trial Premium Member Only Premium Member Only -835.79 -566.42 -1,333.59 -2,728.75 -1,148.85

Industrial And Commercial Bank Of China Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Deferred Tax Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -66.12 -389.35 -1,100.34 35.22 294.53

Industrial And Commercial Bank Of China Deferred Tax Calculation

Change In Deferred Tax represents future tax liability or asset, resulting from temporary differences between book (accounting) value of assets and liabilities, and their tax value. This arises due to differences between financial accounting for shareholders and tax accounting.

Deferred Tax for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1,160 Mil.


* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Industrial And Commercial Bank Of China Deferred Tax Related Terms

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Industrial And Commercial Bank Of China (Industrial And Commercial Bank Of China) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Industrial And Commercial Bank Of China Ltd (OTCPK:IDCBY) » Definitions » Deferred Tax
Comparable Companies
SHSE:601288 SHSE:601988 SHSE:601939 SHSE:601328 JPM BAC WFC LSE:HSBA TSX:RY ASX:CBA C TSE:8306 TSX:TD XSWX:UBSG TSE:8316 XMAD:SAN TSX:BMO ASX:NAB XMAD:BBVA TSX:BNS
Traded in Other Exchanges
IDCBF:USA 01398:Hong Kong ICK:Germany ICK:Germany 601398:China
Address
3 Garden Road, 33rd Floor, ICBC Tower, Central, Hong Kong, HKG
Website
http://www.icbc-ltd.com
ICBC is headquartered in Beijing and founded in 1984, the bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 16,000 outlets. Among these outlets, 417 outlets are located in 42 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 44%, 44%, and 12% of total revenue, respectively; and 39%, 47%, and 24% of profit before tax in 2022. Overseas banking and other business contributed 8% of total revenue and 6% of profit before tax in 2022.

Industrial And Commercial Bank Of China (Industrial And Commercial Bank Of China) Headlines

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