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Deferred Balances Report in the Expanded (Balance Sheet) View
| • | Beginning Balance column balances are converted using the Beginning Spot rate and the Beginning Tax rate. |
| • | The Rate Change column creates an adjustment to restate the Beginning Balance column at the Ending Spot rate and the Ending Tax rate. |
| • | All other Columns are converted using the Ending Spot rate and the Ending Tax rate. |
| • | The Ending Balance is the sum of the columns and is effectively the Ending Balances converted using Ending Spot Rate and the Ending Tax rate. |
Deferred Balances Report in the CIR Expanded (Balance Sheet) View
| • | The Rate Change column is broken out into FX Rate Change and Def Rate Change. |
| • | The FX Rate Change is the impact of the FX rate change on the beginning balance, including the impact of any FX rate change from a change in the deferred rate. |
| • | The Deferred Rate Change is the impact of the deferred rate change on the beginning balances. |
| • | More detail on each of the rate change activities can be displayed by viewing the Deferred Balances report in the Expanded (Income Statement) view. |
FX Rate Change
The FX Rate Change is the impact of the FX rate change on each of the beginning balances, including the impact of any FX rate change from a change in the deferred rate:
(Beginning Balance / Beginning FX Spot Rate)
– (Beginning Balance / Ending FX Spot Rate)
+ (Beginning Balance X (Ending Deferred Rate – Beginning Deferred Rate) / Ending FX Spot Rate)
– (Beginning Balance X (Ending Deferred Rate – Beginning Deferred Rate) / Weighted Avg FX Rate)
Def Rate Change Computations
The Deferred Rate Change is the impact of the deferred rate change on each of the beginning balances. [((Beginning Balance X Ending Deferred Rate) / Weighted Avg FX Rate) – ((Beginning Balance X Beginning Deferred Rate) / Weighted Avg FX Rate)].
Deferred Balances Report in the Expanded (Income Statement) View
| • | Currency Translation Adjustment. |
| • | Deferred Balances in USD are translated from Local Currency Balances using the Beginning and Ending Spot FX Rates. |
| • | USD Change in Deferred Balances. |
| • | Deferred Expense in USD is translated from the Local Currency Activity using Weighted FX Rates |
| • | Currency Translation Adjustment Computation |
| • | Adjusts the Weighted Average FX Impact and the Ending Spot FX Rate |
Detail of CTA Calculation Components
Information for the Calculation:
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Beginning Temporary Difference Balance
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100,000
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Temporary Difference Activity
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10,000
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Beginning FX Spot Rate
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0.45
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Current Tax Rate
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37%
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Ending FX Spot Rate
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0.55
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Beginning Deferred Tax Rate
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35%
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Weighted Average FX Rate
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0.50
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Ending Deferred Tax Rate
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40%
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