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. Ill. 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 Il. 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 Ill. Debtors C) CURRENT LIABILITY 6.100,00 11.850,00 1. Clients (sales and services) Ill. 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 TOTAL ASSETS TOTAL NET EQUITY AND LIABILITIES 173.410,00\fLOSS 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 DE PRECIATION - 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 \fAccounting result +!- Permanent differences +i- Temporal differences - Set-off for tax bases from previous tax years. Tax Base X tax rate Full quota - Tax deductions, bonuses and other withholdings Net quota - Withholdings and part payments Tax difference
