65.100,00 572 BANKS AND CREDIT INSTITUTIONS 173 410,DD T OTAL ASSETS TOTAL NET EQUITY AND LIABILITIES 173.410,00 LOSS AND PROFIT ACCOUNT 1. Net revenue 204.300,00 700 SALES OF GOODS 200.000.00 705 PROVISION OF SERVICES 5.500,00 703 SALES RETURNS -1 200,00 4. Supplies -69.800,00 600 PURCHASE OF GOODS -72.450,00 610 CHANGE IN INVEN 2.650,00 6. Staff cost -75.170,00 640 WAGES AND SALARIES -56.800,00 642 SOCIAL SECURITY -16.470,00 649 OTHER SOCIAL EXPENSES -1 900,00 7. Other operating cost -19.850,00 626 BANK SERVICES -700,00 627 ADVERTISING AND PR -3.600,00 628 SUPPLIES -3.800,00 629 OTHER SERVICES -7.100,00 631 OTHER TAXES -400,00 694 IMPAIRMENT LOSSES -4.250,00 8. Depreciation 13.950,00 681 DEPRECIATION - 13.950,00 12. Other outcomes - 600,00 678 EXTRA COSTS - 600,00 A) ACTIVITY OUTCOME 24.930,00 13. Financial income 700,00 b) Other financial income 700,00 769 OTHER FINANCIAL INCOME 700,00 B) FINANCIAL OUTCOME 700,00 CJ INCOME BEFORE TAXES 25.630,00 D) FISCAL YEAR OUTCOME 25.630,00BACKGROUND The company, North S.L., has the following information in the Balance Sheet and Profit and Loss Account for 2016, before calculating its Corporate Tax: BALANCE SHEET ASSETS LIABILITIES 69.360.00 4) NON CURRENT ASSET A) NET EQUITY 105 130,00 4 860,00 1. Intangible asset A-1) Equity 60 000,00 4.860,00 1. A+0 1 Capital 60 000,00 4.860,00 201 DEVELOPMENT 1 Issued capital 60 000 00 64.500,00 Il. Tangible Fixed Assets 100 SOCIAL CAPITAL 19 500 00 64:500,00 2. Technical facilities and others. Ol. Funds 12 000,00 52.000,00 213 MACHINERY 1 Legal y statuary 12 000,00 8.000,00 216 FURNITURE 112 LEGAL FUNDS 7500,00 3.500,00 217 INFORMATION PROCESSING EQUIP. 2. Other funds 7500,00 25 000,00 218 TRANSPORT 113 VOLUNTEER FUMA 25 630,00 -24.000,00 281 CUMULATIVE DEPRECIATION Vil. Result of the fiscal year 37 000,00 104 050,00 B) CURRENT ASSET BI NON CURRENT LIABILITY 37 000,00 20.500,00 IL Stock . Long-term debts 20.500,DO 1. Commercial 5. Other financial abilities 20.500,00 300 GOODS 171 LONG-TERM DEBTS 16 380 00 16 250.00 Ill. Debtors CI CURRENT LIABILITY 6.100 00 11 850,00 1. Clients (sales and services) WI. Short term debts 6 100 00 11 850 00 b) Clients (sales and services) short term 5. Other financial Nabilities 6 100 00 14.300,00 430 CLIENTS 523 SUPPLIERS 30.180,00 1.800,00 431 CLIENTS, COMMERCIAL PURPOSE V. Creditors 11 300,00 -4.250,00 490 VALUE IMPAIRMENT 1 Suppliers 11 200,00 4.400,00 6. Other credits wit Public adoviola bj short term suppliers 11 200,00 4.400,00 473 PUBLIC FINANCES, WITHOLDINGS 400 SUPPLIERS 18 980,00 67.300,00 VIL. Cash 3. Different Creditors 18 980 00 67.300,00 1. Treasury 410 Creditors 105 130,00 2.200,00 570 CASH FLOW, EUROSAccounting result +/- Permanent differences +/- Temporal differences Set-off for tax bases from previous tax years. O Tax Base X tax rate Full quota Tax deductions, bonuses and other withholdings Net quota - Withholdings and part payments Tax difference 3. North S.L. is thinking of making an international expansion. However, you need to determine whether to start big in a new market or expand into a potentially large market, but at a slower and safer pace. The options that the company's management has are: a. Enter the North American market, where it is known that their services can work, but they do not know in depth. They can enter through Canada and expand across the United States or vice versa. b. Open slowly but firmly in the Portuguese-speaking market. Due to its proximity. they know the Portuguese market perfectly, and this would allow North S.L. access to the Brazilian market, a country with a thriving economy- To find out which option is more beneficial for North S.L., compare the possibilities that arise and justify which of the two is better, considering which country offers better fiscal conditions and that North S.L. seek the most significant benefit
