Labels:text | screenshot | font | book OCR: Deferred taxation Deferred taxation is accounted for on the liability method on the comprehensive basis at current rates in respect of material timing differences which arise from the inclusion of income and expenses or losses in taxation computations in periods different from those in which they are included in the financial statements. Deferred tax assets are raised only to the extent that their recoverability is assured beyond reasonable doubt. Revenue Revenue which excludes value added tax comprises the value of services provided. Revenue is recognised only when it is probable that the economic benefits associated with a transaction will flow to the Group and the amount of revenue can be estimated reliably. The main categories and basis of recognition for the Group are:
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