HNB Finance (COL:HNBF.N0000) Tax Expense : රු Mil (TTM As of . 20)

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What is HNB Finance Tax Expense?

HNB Finance's tax expense for the six months ended in . 20 was රු0.00 Mil.

HNB Finance Tax Expense Historical Data

The historical data trend for HNB Finance's Tax Expense 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.

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HNB Finance Tax Expense Chart

HNB Finance Annual Data

Trend

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HNB Finance Semi-Annual Data

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HNB Finance Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

HNB Finance (COL:HNBF.N0000) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.

HNB Finance Tax Expense Related Terms

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HNB Finance (COL:HNBF.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » HNB Finance PLC (COL:HNBF.N0000) » Definitions » Tax Expense

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Traded in Other Exchanges

HNBF.X0000:Sri Lanka

Address

No. 168, Nawala Road, Nugegoda, Colombo, LKA

Website

https://www.hnbfinance.lk

HNB Finance PLC is a provider of microfinance facilities, finance leases, vehicle loan facilities, mortgage loans, gold loans, Islamic finance, other credit facilities, acceptance of fixed deposits, maintenance of savings accounts, and value-added services to the finance sector. The company's operating segments include Financial, Gold Loan, Leasing, and Others. The company generates maximum revenue from the Financial segment.

HNB Finance (COL:HNBF.N0000) Headlines

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