Page 146 - RFHL ANNUAL REPORT 2024_ONLINE

144 Notes to the Consolidated Financial Statements

For the Year Ended September 30, 2024.
Expressed in millions of Trinidad and Tobago dollars, except where otherwise stated.

11. Deferred tax assets and liabilities (continued)
Components of deferred tax assets and liabilities (continued)
a Deferred tax assets (continued)

(Charge)/Credit
Exchange Consolidated
Opening and other statement Closing
balance adjustments of income OCI balance
2022 2023

Post-retirement medical benefits 8 – (5) 6 9
Leased assets 13 (4) 1 – 10
Unearned loan origination fees 49 – 5 – 54
Provisions 212 – 44 – 256
Other 35 (4) (7) – 24

317 (8) 38 6 353

b Deferred tax liabilities

Charge/(Credit)
Exchange Consolidated
Opening and other statement Closing
balance adjustments of income OCI balance
2023 2024

Pension asset 322 – (4) 6 324
Leased assets (6) – 5 – (1)
Premises and equipment 145 5 21 – 171
Other 26 2 (1) – 27

487 7 21 6 521

Net charge to Consolidated statement of income
and Comprehensive income 33 8

Charge/(Credit)
Exchange Consolidated
Opening and other statement Closing
balance adjustments of income OCI balance
2022 2023

Pension asset 399 – (10) (67) 322
Leased assets 2 (8) – – (6)
Premises and equipment 118 8 19 – 145
Other 16 15 (4) – 26

535 15 5 (67) 487

Net credit to Consolidated statement of income
and Comprehensive income (33) (73)