| Summary of Deferred Income Tax |
(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 |
) |
|
| Major Components of Income Tax |
(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 |
|
|
| Reconciliation of Effective Income Tax Rate |
(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 |
|
|