BACKGROUND

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 A) 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. R+D

1. Capital

60.000,00

4.860,00 201 DEVELOPMENT

1. Issued capital

60.000,00

64.500,00 II. Tangible Fixed Assets

100 SOCIAL CAPITAL

19.500,00

64.500,00 2. Technical facilities and others.

III. Funds

12.000,00

52.000,00 213 MACHINERY

1. Legal y statuary

12.000,00

8.000,00 216 FURNITURE

112 LEGAL FUNDS

7.500,00

3.500,00 217 INFORMATION PROCESSING EQUIP.

2. Other funds

7.500,00

25.000,00 218 TRANSPORT

113 VOLUNTEER FUND

25.630,00

-24.000,00 281 CUMULATIVE DEPRECIATION

VII. Result of the fiscal year

32.000,00

104.050,00 B) CURRENT ASSET

B) NON-CURRENT LIABILITY

32.000,00

20.500,00 II. Stock

II. Long-term debts

32.000,00

20.500,00 1. Commercial

5. Other financial liabilities

32.000,00

20.500,00 300 GOODS

171 LONG-TERM DEBTS

36.280,00

16.250,00 III. Debtors

C) CURRENT LIABILITY

6.100,00

11.850,00 1. Clients (sales and services)

III. Short-term debts

6.100,00

11.850,00 b) Clients (sales and services) short-term

5. Other financial liabilities

6.100,00

14.300,00 430 CLIENTS

523 SUPPLIERS

30.180,00

1.800,00 431 CLIENTS, COMMERCIAL PURPOSE

V. Creditors

11.200,00

-4.250,00 490 VALUE IMPAIRMENT

1. Suppliers

11.200,00

4.400,00 6. Other credits with Public Adminis.

b) Short-term suppliers

11.200,00

4.400,00 473 PUBLIC FINANCES, WITHOLDINGS

400 SUPPLIERS

18.980,00

67.300,00 VII. Cash

3. Different Creditors

18.980,00

67.300,00 1. Treasury

410 Creditors

105.130,00

2.200,00 570 CASH FLOW, EUROS

65.100,00 572 BANKS AND CREDIT INSTITUTIONS

173.410,00 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

708 SALES RETURNS

-1.200,00

4. Supplies

-69.800,00

600 PURCHASE OF GOODS

-72.450,00

610 CHANGE IN INVENTORY

2.650,00

6. Staff costs

-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 costs

-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

C) INCOME BEFORE TAXES

25.630,00

D) FISCAL YEAR OUTCOME

25.630,00

1. Make in each of the following points the adjustment needed to obtain the tax base of the Corporate Tax, basing the response and establishing the amount that corresponds. You must also indicate if you are facing a temporary or permanent difference. In points 8 and 9 you should not propose any adjustment, in these two cases you should describe how they affect the liquidation of the Corporate Tax.

1. The machinery was acquired for 52,000 in January 2014. An accounting depreciation expense of 7,000 is provided. Fiscally a maximum amortisation coefficient of 12% and a maximum period of 18 years is established.

2. The transport element or vehicle was acquired on January 1, 2013, with a price of 25,000 and a useful life of 5 years. The accounting amortisation is carried out using the method of decreasing digit numbers.

3. Provision of 1,250 is provided for a debt that occurs on October 1, 2016. The liability has not been claimed judicially.

4. A provision for insolvencies of 3,000 is provided, an obligation that has already been judicially claimed.

5. The administrators have been paid for the performance of senior management functions with 10,000.

6. An administrative penalty of 600 has been imposed on the company.

7. The company has paid the posters for a sports conference for its employees. This serves to advertise their products and services and has cost 1,200. The company gave the customers who attended the event a batch of products worth 2,200. Extraordinarily, he has given his employees an assortment of products worth 400.

8. The company is entitled to a deduction for having made investments affected to R & D of 1,200.

9. The company has made instalment payments of 4,400.

2. Calculate the liquidation of the Corporate Tax in a word document, using the following scheme.: