| Deferred income tax asset and liability |
15.Deferred Income Tax asset and liability (a)As indicated in Note 3.4(aa), the net deferred tax position has been met based on the separate financial statement of each Subsidiary domiciled in Peru. The following table presents a summary of the items comprising the Subsidiaries' deferred Income Tax:
|
|
|
|
|
|
|
|
|
|
|
2025 |
|
|
2024 |
|
|
|
S/(000) |
|
|
S/(000) |
|
Deferred asset |
|
|
|
|
|
|
Tax loss |
|
|
32,403 |
|
|
|
22,400 |
|
Provision for loan portfolio and other provisions |
|
|
4,479 |
|
|
|
3,859 |
|
Deferred service income |
|
|
2,621 |
|
|
|
5,386 |
|
Right-of-use assets |
|
|
227 |
|
|
|
436 |
|
Others |
|
|
20,221 |
|
|
|
15,402 |
|
Deferred liability |
|
|
|
|
|
|
Deferred cost of POS affiliation and registration |
|
|
(14,383 |
) |
|
|
(22,708 |
) |
Deemed cost of fixed assets |
|
|
(1,118 |
) |
|
|
(2,950 |
) |
Others |
|
|
(2,578 |
) |
|
|
(2,619 |
) |
Total deferred Income Tax asset, net |
|
|
41,872 |
|
|
|
19,206 |
|
Deferred asset |
|
|
|
|
|
|
Provision for loan portfolio and other provisions |
|
|
212,594 |
|
|
|
200,241 |
|
Deferred income from indirect credits (stand-by letters) |
|
|
2,946 |
|
|
|
3,629 |
|
Right-of-use assets |
|
|
2,780 |
|
|
|
2,299 |
|
Unrealized gain from derivatives |
|
|
1,082 |
|
|
|
7,743 |
|
Modification of rescheduled loan cash flows |
|
|
714 |
|
|
|
580 |
|
Net unrealized gain from fluctuation in investments through other comprehensive income |
|
|
360 |
|
|
|
4,542 |
|
Others |
|
|
24,752 |
|
|
|
16,793 |
|
Deferred liability |
|
|
|
|
|
|
Interest of past-due and refinanced loans |
|
|
(170,965 |
) |
|
|
(149,111 |
) |
Amortization of intangible assets, net |
|
|
(63,783 |
) |
|
|
(76,149 |
) |
Higher value of intangibles generated by business combination |
|
|
(62,527 |
) |
|
|
(68,636 |
) |
Deemed cost of fixed assets |
|
|
(58,056 |
) |
|
|
(56,481 |
) |
Leveling of assets and liabilities |
|
|
(20,331 |
) |
|
|
(21,741 |
) |
Higher value of property, furniture and equipment and right-of-use generated by business combination |
|
|
(810 |
) |
|
|
(889 |
) |
Others |
|
|
(4,882 |
) |
|
|
(3,473 |
) |
Total deferred Income Tax liability, net |
|
|
(136,126 |
) |
|
|
(140,653 |
) |
(b)In Management’s opinion, the deferred Income Tax assets will be recovered from the taxable income that will be generated by each company of the Group over the coming years, including the portion that is recorded in the consolidated statement of changes in equity. (c)The table below presents the amounts reported in the consolidated statement of income for the years 2025, 2024 and 2023:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|
|
S/(000) |
|
|
S/(000) |
|
|
S/(000) |
|
Current – Expense |
|
|
526,913 |
|
|
|
188,236 |
|
|
|
140,332 |
|
Income tax on dividends, Note 17(b) |
|
|
40,829 |
|
|
|
26,076 |
|
|
|
33,020 |
|
Deferred – (Income) Expense |
|
|
(37,490 |
) |
|
|
100,053 |
|
|
|
102,244 |
|
|
|
|
530,252 |
|
|
|
314,365 |
|
|
|
275,596 |
|
(d)The table below presents the reconciliation of the effective Income Tax rate to the statutory tax rate for the Group:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|
|
S/(000) |
|
|
% |
|
|
S/(000) |
|
|
% |
|
|
S/(000) |
|
|
% |
|
Income before Income Tax |
|
|
2,473,447 |
|
|
|
100.0 |
|
|
|
1,621,826 |
|
|
|
100.0 |
|
|
|
1,354,872 |
|
|
|
100.0 |
|
Theoretical tax |
|
|
729,667 |
|
|
|
29.5 |
|
|
|
478,439 |
|
|
|
29.5 |
|
|
|
399,687 |
|
|
|
29.5 |
|
(Decrease) increase in income of Subsidiaries not domiciled in Peru |
|
|
(40,397 |
) |
|
|
(1.6 |
) |
|
|
1,299 |
|
|
|
0.1 |
|
|
|
46,453 |
|
|
|
3.4 |
|
Non-taxable income, net |
|
|
(272,937 |
) |
|
|
(11.0 |
) |
|
|
(284,298 |
) |
|
|
(17.5 |
) |
|
|
(275,379 |
) |
|
|
(20.3 |
) |
Permanent non-deductible expenses |
|
|
123,501 |
|
|
|
5.0 |
|
|
|
115,616 |
|
|
|
7.1 |
|
|
|
109,602 |
|
|
|
8.1 |
|
Non-taxable exchange difference |
|
|
(9,582 |
) |
|
|
(0.4 |
) |
|
|
3,309 |
|
|
|
0.2 |
|
|
|
(4,767 |
) |
|
|
(0.4 |
) |
Income Tax |
|
|
530,252 |
|
|
|
21.5 |
|
|
|
314,365 |
|
|
|
19.4 |
|
|
|
275,596 |
|
|
|
20.3 |
|
|