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Cosmos Machinery Enterprises (HKSE:00118) Tax Expense : HK$17 Mil (TTM As of Jun. 2024)


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What is Cosmos Machinery Enterprises Tax Expense?

Cosmos Machinery Enterprises's tax expense for the months ended in Jun. 2024 was HK$6 Mil. Its tax expense for the trailing twelve months (TTM) ended in Jun. 2024 was HK$17 Mil.


Cosmos Machinery Enterprises Tax Expense Historical Data

The historical data trend for Cosmos Machinery Enterprises'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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Cosmos Machinery Enterprises Tax Expense Chart

Cosmos Machinery Enterprises Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.19 9.55 28.91 14.23 17.06

Cosmos Machinery Enterprises Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Tax Expense 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 9.11 5.12 6.76 10.30 6.43

Cosmos Machinery Enterprises 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.

Tax Expense for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$17 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.


Cosmos Machinery Enterprises  (HKSE:00118) 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.


Cosmos Machinery Enterprises Tax Expense Related Terms

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Cosmos Machinery Enterprises Business Description

Traded in Other Exchanges
N/A
Address
No. 10 Cheung Yue Street, 10th Floor, Billion Plaza 2, Cheung Sha Wan, Kowloon, Hong Kong, HKG
Cosmos Machinery Enterprises Ltd is an investment holding company. The company operates in segments namely, trading of Industrial Consumables, Processing and Manufacturing of Plastic Products, Manufacturing of Machinery, Processing and Trading of Printed Circuit Boards, and Machinery Leasing. The company derives maximum revenue from the Machinery Leasing segment. The geographical segments of the company are Hong Kong, Mainland China, Other Asia-Pacific countries, North America, and Europe, of which the majority of its maximum revenue comes from Mainland China.
Executives
Saniwell Holding Inc. 2201 Interest of corporation controlled by you
Tang Yu, Freeman 2201 Interest of corporation controlled by you
Tang To 2201 Interest of corporation controlled by you
Friendchain Investments Limited 2201 Interest of corporation controlled by you
Codo Development Limited 2201 Interest of corporation controlled by you
Cosmos Machinery (holdings) Limited 2101 Beneficial owner
Tai Shing Agencies Limited 2101 Beneficial owner
China Resources Company Limited (formerly Known As China Resources National Corporation)
Law Kit Fong 2201 Interest of corporation controlled by you

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