In the Folgare group's consolidated financial statements, the net deferred tax liability moves from 200,000 to 310,000. During the year, the group acquired a subsidiary in a business combination that gave rise to a deferred tax liability of 70,000, and recognised 25,000 of deferred tax on a revaluation in other comprehensive income. Compute the deferred tax expense in consolidated profit or loss.
- Opening net deferred tax liability
- 200,000
- Closing net deferred tax liability
- 310,000
- Deferred tax liability arising from the combination
- 70,000
- Deferred tax recognised in other comprehensive income
- 25,000