Review of the Ferondil group's income tax note. Net deferred tax liability: opening 640,000; deferred tax income in profit or loss 220,000; deferred tax charge in other comprehensive income 35,000; deferred tax credited directly to equity 15,000; liability arising from a business combination 410,000. The published statement of financial position shows a net liability of 820,000. Compute the expected closing balance and the difference still to be explained.
- Opening net deferred tax liability
- 640,000
- Deferred tax income in profit or loss
- 220,000
- Charge in other comprehensive income
- 35,000
- Deferred tax credited to equity
- 15,000
- Liability arising from the combination
- 410,000
- Published net liability
- 820,000