What do you find interesting, confusing, surprising or difficult to understand about the treatment of tax in this firms financial statements? What new insights, if any, have you gained about how companies account for income tax as a result of examining this firms tax expense in its accounts?

CONSOLIDATED STATEMENT OF FINANCIAL POSITION 2009 1000 2008 1000 NOTE 5 AS AT ONE ASSETS Current Assets Cash & cash equivalents Receivables Other financial assets Other current assets Total Current Assets 6 7 231,456 452,699 3,003 9,130 696,288 22.559 229,068 23.925 7859 303,421 8 9 10d Non-Current Assets Property, plant & equipment Intangible assets Deferred tax assets Other non-current financial assets Other non-current assets Total Non-Current Assets TOTAL ASSETS 7 4.213 89,072 27,200 2,035 590 124180 820,468 4008 72.495 9261 2,165 875 88,804 392,225 42.916 1,793 252 12 13 50 109,981 2,585 100 597 1.772 5,370 120,405 LIABILITIES Current Liabilities Trade & other payables Employee benefit provision Contract liabilities Interest bearing borrowings Financial abilities Income tax payable Total Current Liabilities Non-Current Liabilities Employee benefits provision Office lease provision Financial liabilities Interest bearing borrowings Total Non-Current Liabilities TOTAL LIABILITIES NET ASSETS 10 1.582 46,593 157 365 13 12 317 565 1,039 49626 51,547 171,952 648,516 161,555 162,077 208,670 183,555 EQUITY Issued capital 11 674.769 192.628 Accumulated losses (70,575) (22,195) Reserves 41.365 13.122 Equity attributable to the owners of Afterpay Touch Group Limited 645,559 183,555 Non-controlling interests 2,957 TOTAL EQUITY 648,516 183,555 1. Due to the option of AS 15 for Afterpay income and Pay Now revenue and the adoption of AAS 9 for Recewables parentes the modified retrospective approach the 2018 comparatives are not comparable to 2019 for recognition and measurement as disclose Note 24 The above Consolidated statement of financial position should be read in conjunction with the accompanying notes CONSOLIDATED STATEMENT OF FINANCIAL POSITION 2009 1000 2008 1000 NOTE 5 AS AT ONE ASSETS Current Assets Cash & cash equivalents Receivables Other financial assets Other current assets Total Current Assets 6 7 231,456 452,699 3,003 9,130 696,288 22.559 229,068 23.925 7859 303,421 8 9 10d Non-Current Assets Property, plant & equipment Intangible assets Deferred tax assets Other non-current financial assets Other non-current assets Total Non-Current Assets TOTAL ASSETS 7 4.213 89,072 27,200 2,035 590 124180 820,468 4008 72.495 9261 2,165 875 88,804 392,225 42.916 1,793 252 12 13 50 109,981 2,585 100 597 1.772 5,370 120,405 LIABILITIES Current Liabilities Trade & other payables Employee benefit provision Contract liabilities Interest bearing borrowings Financial abilities Income tax payable Total Current Liabilities Non-Current Liabilities Employee benefits provision Office lease provision Financial liabilities Interest bearing borrowings Total Non-Current Liabilities TOTAL LIABILITIES NET ASSETS 10 1.582 46,593 157 365 13 12 317 565 1,039 49626 51,547 171,952 648,516 161,555 162,077 208,670 183,555 EQUITY Issued capital 11 674.769 192.628 Accumulated losses (70,575) (22,195) Reserves 41.365 13.122 Equity attributable to the owners of Afterpay Touch Group Limited 645,559 183,555 Non-controlling interests 2,957 TOTAL EQUITY 648,516 183,555 1. Due to the option of AS 15 for Afterpay income and Pay Now revenue and the adoption of AAS 9 for Recewables parentes the modified retrospective approach the 2018 comparatives are not comparable to 2019 for recognition and measurement as disclose Note 24 The above Consolidated statement of financial position should be read in conjunction with the accompanying notes CONSOLIDATED STATEMENT OF FINANCIAL POSITION ro ASSETS Current Assets Cash & cash equivalents Receivables Other financial sets Other current assets Total Current Assets 5 6 7 291,456 452.699 3,003 9,130 696.288 32550 239,068 23,935 7.859 303,421 100 2 4213 89,072 27,280 3.035 580 124,180 B20,468 4008 72.495 0,261 2165 875 89,804 392,225 Non-Current Assets Property, plant equipment Intangible sots Deferred tax assets Other non-current financial assets Other non-current Total Non-Current Assets TOTAL ASSETS LIABILITIES Current Liabilities Trade & other payables Employee benefit provision Contract liabilities Interest bearing borrowings Financiales Income tax payable Total Current Liabilities 42916 1792 12 109,901 2,585 700 507 1,772 5,370 120.405 50 13 10 1,582 46,593 317 157 365 Non-Current Liabilities Employee benefits provision De la provision Financial abilities Interest bearing borrowing Total Non-Current Liabilities TOTAL LIABILITIES NET ASSETS 13 12 565 1.099 40,626 51.547 171.952 648,516 161,555 162,077 209,670 103,555 11 EQUITY Issued capital Accumulated Reserves Equity attributable to the owners of Afterpay Touch Group Limited Non-controlling interest TOTAL EQUITY 674769 070,575 41,365 192.628 (22195 13,122 163,555 645,559 2057 648,516 103,555 5 ASSETS Current Assets Cash & cash equivalents Receivables Other financial assets Other current assets Total Current Assets 6 7 221 456 452699 3.003 9,130 696,288 32,550 229,068 23,935 7,859 303,421 B 100 Non-Current Assets Property, plant & equipment Intangible assets Deferred tax assets Other non-current financial assets Other non-current assets Total Non-Current Assets TOTAL ASSETS 4212 89,072 27 280 2.035 580 124,180 820,468 4,008 72,495 9,261 2,165 875 88,804 392.225 LIABILITIES Current Liabilities Trade & other payables Employee benefit provision Contract liabilities Interest bearing borrowings Financial abilities Income tax payable Total Current Liabilities 109,981 2.585 100 597 1,772 5.370 120,405 42,916 1,793 252 50 12 13 10 1,582 46,593 317 157 365 Non-Current Liabilities Employee benefits provision Office lease provision Financial abilities Interest bearing borrowings Total Non-Current Liabilities TOTAL LIABILITIES 565 1039 13 12 49.626 51,547 171,952 648,516 161,555 162,077 208,670 183,555 NET ASSETS 11 674.769 (70,575) 41 265 192,628 (22,195) 13,122 EQUITY Issued capital Accumulated losses Reserves Equity attributable to the owners of Afterpay Touch Group Limited Non controlling interests TOTAL EQUITY 183,555 645,559 2.957 648,516 183,555