CERTYNEX IFRS ACADEMY

In the Nimbrage group's consolidated financial statements, the subsidiary Orsavel has a current tax receivable of 150,000 and the subsidiary Pruvenza a current tax payable of 400,000 to the same authority. Each files and pays separately; no mechanism allows them to make a single net payment. How should these balances be presented?

A net payable of 250,000, both subsidiaries belonging to the same group.

A net payable of 250,000, since the authority is the same.

A receivable of 150,000 and a payable of 400,000, for lack of a right to a single net payment.

A payable of 400,000 only, the receivable being eliminated on consolidation.