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What do you find interesting, confusing, surprising or difficult to understand about the treatment of taxin your firm's financial statements? What new insights, if any,

What do you find interesting, confusing, surprising or difficult to understand about the treatment of taxin your firm's financial statements? What new insights, if any, have you gained about how companiesaccount for income tax as a result of examining your firm's tax expense in its accounts

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2019 201 AS AT 30 JUNE 2019 NOTE $'000 $'OC ASSETS Current Assets Cash & cash equivalents 5 231,456 32,55 Receivables 6 452,699 239,06 Other financial assets 7 3,003 23,93 Other current assets 9,130 7,85 Total Current Assets 696,288 303,42 Non-Current Assets Property, plant & equipment 8 4,213 4,00 Intangible assets 9 89,072 72,49 Deferred tax assets 10d 27,280 9,26 Other non-current financial assets 7 3,035 2, 16 Other non-current assets 580 87 Total Non-Current Assets 124,180 88,80 TOTAL ASSETS 820,468 392,22 LIABILITIES Current Liabilities Trade & other payables 109,981 42,91 Employee benefit provision 2,585 1,79 Contract liabilities 100 25 Interest bearing borrowings 12 597 Financial liabilities 13 1,772 Income tax payable 10 5,370 1,58 Total Current Liabilities 120,405 46,59 Non-Current Liabilities Employee benefits provision 317 15 Office lease provision 565 36 Financial liabilities 13 1,039 Interest bearing borrowings 12 49,626 161,55 Total Non-Current Liabilities 51,547 162,07 TOTAL LIABILITIES 171,952 208,67 NET ASSETS 648,516 183,55 EQUITY Issued capital 11 674,769 192,62 Accumulated losses (70,575) (22,195 Reserves 41,365 13,12 Equity attributable to the owners of Afterpay Touch Group Limited 645,559 183,55 Non-controlling interests 2,957 TOTAL EQUITY 648,516 183,55 1. Due to the adoption of AASB 15 for Afterpay income and Pay Now revenue, and the adoption of AASB 9 for Receivables impairmer

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