AX Real Estate (MAL:AXR) Tax Expense : €-3.00 Mil (TTM As of Oct. 2023)

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What is AX Real Estate Tax Expense?

AX Real Estate's tax expense for the months ended in Oct. 2023 was €-3.16 Mil. Its tax expense for the trailing twelve months (TTM) ended in Oct. 2023 was €-3.00 Mil.

AX Real Estate Tax Expense Historical Data

The historical data trend for AX Real Estate'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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AX Real Estate Tax Expense Chart

AX Real Estate Annual Data

Trend

Oct21

Oct22

Oct23

Tax Expense

-0.47

-1.05

-3.00

AX Real Estate Semi-Annual Data
	Oct21	Apr22	Oct22	Apr23	Oct23
Tax Expense	-	0.12	-1.17	0.16	-3.16

AX Real Estate 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 Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-3.00 Mil.

AX Real Estate (MAL:AXR) 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.

AX Real Estate Tax Expense Related Terms

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AX Real Estate (MAL:AXR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » AX Real Estate PLC (MAL:AXR) » Definitions » Tax Expense

Comparable Companies

Traded in Other Exchanges

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Address

AX Business Centre, Triq Id-Difiza Civili, Mosta, MLT, MST 1741

Website

https://www.axrealestate.mt

AX Real Estate PLC serves as the holding company of the Estates Group within the AX Group, with the former boasting a diverse portfolio of properties. The company's portfolio includes warehouses, an office block at Hardrocks Industrial Park, as well as an office block at Falcon House. On the other hand, its subsidiaries own a range of properties and developments, such as the Suncrest Hotels, the Royal Hotels, St. John's Boutique Hotel and Palazzo Merkanti Leisure, as well as Central Leisure Developments, Simblija Developments, Heritage Developments and Skyline Developments.