TAX INDEX OF FINANCIAL DATA RULES

SUBSIDIARY LEGISLATION 372.22

TAX INDEX OF FINANCIAL DATA RULES

26th July, 2002

LEGAL NOTICE 211 of 2002, as amended by Legal Notice 84 of 2007.

The title of these rules is the Tax Index of Financial Data

Rules.

(Rule 2)

Tax Index of Financial Data

BALANCE SHEET ITEMS

FIXED ASSETS

Item Description

Intangible assets

Accumulated amortisation of intangible assets

Goodwill

Accumulated amortisation of goodwill

Formation expenses

Accumulated amortisation of formation expenses

Royalties, trademarks, paternts, rights, etc.

Accumulated amortisation of royalties, trademarks, patents

Research and development (capitalised)

Accumulated amortisation of research and development

Total Intangible assets

Total accumulated amortisation of Intangible assets

TANGIBLE ASSETS

Land and buildings

Accumulated depreciation of land and buildings

Land improvements

Accumulated depreciation of land improvements

Industrial buildings and structures

Accumulated depreciation of industrial buildings and structures

Non-industrial buildings

Accumulated depreciation of non-industrial buildings

Parking areas

Accumulated depreciation of parking areas

Buildings under construction

Wasting assets

Accumulated depreciation of wasting assets

Petroleum and natural gas properties

Accumulated depreciation of petroleum and natural gas properties

Deferred exploration and development charges

Accumulated depreciation of deferred exploration and development

charges

Quarries

Accumulated depreciation of quarries

Plant and machinery

Accumulated depreciation of plant and machinery

Motor vehicles

Accumulated depreciation of motor vehicles

Construction and excavating equipment

Accumulated depreciation of construction and excavating equipment

Production machinery and equipment

Accumulated depreciation of production machinery and equipment

Tools and dies

Accumulated depreciation of tools and dies

Catering Equipment

Accumulated depreciation of catering equipment

Cable Infrastructure

Accumulated depreciation of Cable Infrastructure

Pipeline Infrastructure

Accumulated depreciation of pipeline infrastructure

Communication and broadcasting equipment

Accumulated depreciation of communication and broadcasting equipment

Medical equipment

Accumulated depreciation of medical equipment

Lifts and escalators

Accumulated depreciation of lifts and escalators

Air-conditioners

Accumulated depreciation of air-conditioners

Equipment mainly designed or used for the production of water or

electricity

Accumulated depreciation of equipment for the production of water or

electricity

Electrical and plumbing installations and sanitary fittings

Accumulated depreciation of electrical and plumbing installations and

sanitary fittings

Exploration equipment

Accumulated depreciation of exploration equipment

Ships and vessels

Accumulated depreciation of ships and vessels

Shipping equipment

Accumulated depreciation of shipping equipment

Aircraft

Accumulated depreciation of aircraft

Machinery and equipment under construction

Commercial vehicles

Accumulated depreciation of commercial vehicles

Computers and electronic equipment

Accumulated depreciation of computers and electronic equipment

Computer software

Accumulated depreciation of computer software

Furniture, fixtures, fittings and soft furnishings

Accumulated depreciation of furniture, fixtures, fittings and soft

furnishings

Other plant

Accumulated depreciation of other plant

Other machinery

Accumulated depreciation of other machinery

Other tangible assets

Accumulated depreciation of other tangible assets

Capital leases - buildings

Accumulated depreciation of capital leases - buildings

Capital leases - machinery and equipment

Accumulated depreciation of capital leases - machinery and equipment

Capital leases - vehicles

Accumulated depreciation of capital leases - vehicles

Capital leases - others

Accumulated depreciation of capital leases - others

Leasehold improvements

Accumulated depreciation of leasehold improvements

Capital assets under construction

Total tangible assets

Total accumulated depreciation of tangible assets

LONG TERM ASSETS

Due from shareholder(s) and / or director(s)

Due from individual shareholder(s)

Due from corporate shareholder(s)

Due from director(s)

Due from members

Due from joint venture(s) and / or partnership(s)

Due from and / or investment in related parties

Shares in local related companies

Loans and / or advances to Maltese related companies

Due from and / or investment in Maltese related parties

Shares in foreign related companies

Loans and / or advances to foreign related companies

Due from and / or investment in foreign related parties

Loans to third parties

Soft loans

Long-term investments

Provision(s) for loss in value of investments

Shares in local companies - Quoted

Shares in local companies

Shares in foreign companies

Investment in joint venture(s) and / or partnership(s)

Long term investments in local institutions

Securities purchased under resale agreements

Government of Malta debt

Other Maltese investments

Other foreign investments

Other long-term assets

Deferred unrealised exchange losses

Other deferred items and / or charges

Accumulated depreciation of deferred charges

Total long-term assets

Total Fixed Assets

CURRENT ASSETS

Stocks

Stock of finished goods

Stock of goods held for resale

Stock of raw materials

Stock of parts and supplies

Stock of properties

Stock of securities

Work in progress

Accounts receivable

Provision for doubtful accounts

Trade debtors

Provision for doubtful trade debtors

Trade accounts receivable from related parties

Provision for doubtful trade accounts receivable from related parties

Interest receivable

Holdbacks receivable

Leases receivable

Provision for doubtful amounts in leases receivable

Subscriptions due from members (NPOs)

Due from shareholder(s) and / or director(s) and related parties - current

portion

Due from individual shareholder(s) - current portion

Due from corporate shareholder(s) - current portion

Due from individual director(s) - current portion

Due from related parties - current portion

Loans, advances and demand notes from related parties - current portion

Interest receivable from related parties

Due from third parties - current portion

Customers’ liability under acceptances

Cash at bank and in hand

Deposits in Maltese banks and institutions - Maltese currency

Deposits in Maltese banks and institutions - foreign currency

Deposits in foreign banks

Other cash like instruments

Cash

Other current assets

Accrued investment income

Deferred income tax

Income tax refundable

VAT refundable

Prepaid expenses, advances, tender deposits, etc.

Total current assets

Total assets*

CURRENT LIABILITIES

Bank overdraft

Short-term debt

Corporate loans

Local bank loan(s) - current portion

Liability for securities sold short

Liability for securities sold under repurchase agreements

Current portion of long term liability

Bankers’ Acceptances

Deferred income - current portion

Amounts payable and accrued liabilities

Trade creditors

Trade accounts payable to related parties

Holdbacks payable

Wages and salaries payable

Management fees payable

Withholding taxes payable

Interest payable

Amounts payable to members of NPOs

Taxes, licences and fees payable

CIR - Corporation Tax payable

CIR - FSS and SSC payable

VAT payable

Registrar of Companies - Registration fee

Licences payable

Fees payable

Due to shareholder(s) and / or director(s) and / or related parties

Short-term loans and / or advances due to individual shareholder(s)

Short-term loans and / or advances due to corporate shareholder(s)

Short-term loans and / or advances due to director(s)

Short-term loans and / or advances due to related parties

Interest payable to shareholder(s) and / or director(s)

Interest payable to related parties

Short-term loans and / or advances due to members (NPOs)

Short-term loans and / or advances due to joint venture(s) and / or

partnership(s)

Short-term loans due to third parties

Other current liabilities

Deposits received

Dividends payable

Deferred income tax

Provisions for guarantees, warranties, or indemnities

General Provisions

Total Current liabilities

LONG TERM LIABILITIES

Long term debt

Bank loan(s)

Soft Loans - MDC

Supply company loan

Third party loans

Deposit liabilities

Bonds and debentures

Deferred income - long-term

Long-term amounts due to shareholder(s) and / or director(s) and / or

related parties

Long-term loans due to individual shareholder(s)

Long-term loans due to corporate shareholder(s)

Long-term loans due to director(s)

Long-term loans due to Maltese related parties

Long-term loans due to foreign related parties

Long-term loans due to members (NPOs)

Long-term loans due to joint venture(s) and / or partnership(s)

Other Long-term liabilities

Long term obligations and / or commitments and / or capital leases

Provision for guarantees, warranties, or indemnities

Deferred revenue from incomplete contracts

Deferred tax

Total long term liabilities

Total liabilities*

CAPITAL AND RESERVES

Capital

Ordinary share capital

Cumulative preference share capital

Non-cumulative preference share capital

Other share capital

Share premium account

Capital account(s) (partnerships and self-employed)

Accumulated fund (NPOs)

Total Capital

Reserves

Revaluation reserve

Capital redemption reserve fund

General reserve

Incentives and Benefits Reserve (BPA)

Retained earnings

Non-distributable reserves

Total Reserves

Total shareholder equity*

Total liabilities and shareholder equity

INCOME STATEMENT

NAME OF THE OPERATING ESTABLISHMENT

OPERATION DESCRIPTION

ACTIVITY NUMBER

REVENUE

Sale of goods and rendering of services

Export sales

Wholesale sales

Retail sales

Sale of goods to related parties

Interdivisional sales

Income from production and / or processing - local

Income from production and / or processing - foreign

Income from production and / or processing - related parties

Income from the rendering of services - local

Income from the rendering of services - overseas

Income from the rendering of services to related parties

Total sales of goods and services

Income from Investments

Interest from Maltese banks

Interest received or receivable from shareholders and / or directors

Interest received or receivable from related parties

Loan interest - from local sources

Securities interest - from local sources

Interest from other Maltese sources

Interest from foreign banks

Loan interest - from foreign sources

Securities interest - from foreign sources

Interest from other foreign sources

Dividends from Maltese sources

Dividends from foreign sources

Commission Income

Commission income on real estate transactions

Rental income

Real estate rental Income

Income from ground rents and / or laudemium

Film rental

Vehicle leasing

Amounts received by non-profit making organisations (NPOs)

Membership fees received

Donations and gifts received

Gross sales and Income from organisational activities

Realised gains or losses on disposal of fixed assets

Realised gains or losses on disposal of intangible assets

Realised gains or losses on disposal of tangible assets

Realised gains or losses on disposal of immovable property

Realised gains or losses on sale of investments

Other Income

Realised profit or loss on exchange

Unrealised profit or loss on exchange

Profit or loss from joint ventures and partnerships

Realisation of deferred Income

Income from royalties, patents, rights, etc.

Management and administration fees

Consultancy fees

Subsidies and grants

Insurance recoveries

Waiver of amounts payable

Bad debt recoveries

Total revenue from other sources

Total revenue*

COST OF SALES

Opening stock

Opening stock of raw materials and / or semi-finished goods

Opening stock of work in progress

Opening stock of finished goods

Property held for development and resale at beginning of period

Purchases

Imports of raw materials and / or semi-finished goods

Local purchases of raw materials and / or semi-finished goods

Imports of finished goods

Freight, insurance and duty on imported goods

Local purchases of finished goods

Carriage inwards

Foreign purchases

Direct Costs

Direct productive wages

Subcontracting

Hire of machinery and equipment

Rent of factory premises

Development expenses

Royalty costs

Stock write down

Depreciation of industrial building or structure

Depreciation of production machinery and equipment

Depreciation of factory plant

Overhead expenses allocated to cost of sales

Closing stock

Closing stock of raw materials and / or semi-finished goods

Closing stock of work in progress

Closing stock of finished goods

Property held for development and resale at end of period

Cost of sales*

Gross profit or loss

OPERATING EXPENDITURE

Advertising and promotion

Advertising

Promotion

Meals and entertainment

Donations

Wages, Salaries and Employee benefits

Wages - Regular

Wages - Casual

Fringe benefits

Bonuses and similar incentive compensation

Directors’ salaries and remuneration

Directors’ fees

Management salaries

Employer’s share of Social Security Contributions

Social Security Contributions - Self

Social Security Contributions - Partners

Social Security Contributions - Directors

Staff training and education

Staff safety

Staff welfare

Staff uniforms

Group insurance benefits

Commissions

Subcontracting and Out-sourcing

Travel Expenses

Meetings and conventions

Insurance

Life insurance on executives

Motor vehicle(s) insurance(s)

Office Expenses

Office stationery and supplies

Office utilities

Data processing

Professional fees

Legal fees

Accountancy fees

Audit fees

Consultancy fees

Architect fees

Appraisal fees

Brokerage fees

Management and administration fees

Restructuring costs

Security and exchange commission fees

Licences, permits and membership

Membership and subscription fees

Franchise fees

Company registration fee

Motor vehicle(s) licence(s)

Rental

Property rental

Occupancy costs

Condominium fees

Equipment rental

Motor vehicle rentals

Berthing and moorage

Storage

Quota rental

Repairs and maintenance

Repairs and maintenance - buildings

Repairs and maintenance - motor vehicles

Repairs and maintenance - boats

Repairs and maintenance - aircraft

Repairs and maintenance - machinery and equipment

Supplies

Loose tools

Shop expense

Uniforms

Laundry

Computer-related expenses

Utilities

Water and Electricity

Fuel costs

Telephone and telecommunications

Garbage removal

Interest and bank charges

Hire Purchase Interest

Overdraft Interest

Bank Loan Interest

Loan Interest to third parties

Bank Charges

Realised loss or gain on exchange

Finance charges

Credit card charges

Provisions

Unrealised loss or gain on exchange

Increase or decrease in provision for bad and doubtful debts

Provision for slow moving or obsolete stock

Provision for diminution in value of investments

Provision for loan losses

Amortisation of intangible assets

Amortisation of goodwill

Amortisation of formation expenses

Amortisation of royalties, trademarks, patents

Amortisation of research and development

Depreciation of Immovable property

Depreciation of industrial buildings and structures

Depreciation of non-industrial buildings

Depreciation of parking areas

Depreciation of wasting assets

Depreciation of petroleum and natural gas properties

Depreciation of deferred exploration and development charges

Depreciation of quarries

Depreciation of tangible assets

Depreciation of motor vehicles

Depreciation of construction and excavating equipment

Depreciation of tools and dies

Depreciation of catering equipment

Depreciation of cable infrastructure

Depreciation of pipeline infrastructure

Depreciation of communication and broadcasting equipment

Depreciation of medical equipment

Depreciation of lifts and escalators

Depreciation of air-conditioners

Depreciation of equipment for the production of water or electricity

Depreciation of electrical and plumbing installations and sanitary fittings

Depreciation of exploration equipment

Depreciation of ships and vessels

Depreciation of shipping equipment

Depreciation of aircraft

Depreciation of commercial vehicles

Depreciation of computers and electronic equipment

Depreciation of computer software

Depreciation of furniture, fixtures, fittings and soft furnishings

Depreciation of other plant

Depreciation of capital leases - buildings

Depreciation of capital leases - machinery & equipment

Depreciation of capital leases - vehicles

Depreciation of capital leases - others

Depreciation of leasehold improvements

Depreciation of other machinery

Other expenses

Bad debts written off

Loan losses

Cash over or short

Warranty expenses

Royalty expenses - resident

Royalty expenses - non-resident

Research and development

General and administrative expenses

Transport Expenses

Formation Expenses written-off

Motor vehicles running costs

Grants

Subsidies

Total operating expenses*

Total Expenses

Net income or loss on ordinary activities before tax*

Current tax provision

Deferred tax provision

Net income or loss on ordinary activities after tax

Extraordinary, exceptional and unusual items

Extraordinary income

Extraordinary charges

Exceptional and unusual items

Prior period adjustments

Unrealised gain or loss on revaluation of assets

Extraordinary profit or loss

Tax on extraordinary profit or loss

STATEMENT OF RETAINED EARNINGS

Net income or loss for the period

Retained earnings brought forward

Dividends proposed during the year

Dividends proposed and paid during the year

Transfer to general reserve

Transfer to revenue reserve

Transfer to capital reserve

Transfer to the Incentives and Benefits Reserve

Transfer to other reserve(s)

Retained earnings carried forward*

Line items that are marked with an asterisk (*) are mandatory fields and

must always be reported.

Any person to whom article 10(4) of the Income Tax

Management Act applies shall furnish the required documents

specified in article 19(4) of the said Act disclosing the items in the

format and order shown in the tax index of financial data which

appears in the Schedule

Provided that these rules shall not apply to companies

carrying on the business of insurance under the Insurance Business

Act.

A transitional period shall be in force for tax returns due to

be filed up to and including the 31st August, 2003. During such

transitional period it shall be acceptable to aggregate items of

expenditure in the Profit and Loss Account under the provisional

code 6996 except for

(i)

provisions and expense items that are not

allowable or require adjustment for tax

purposes; and

(ii) expense items that must satisfy any statutory

disclosure requirements.