GeoPark Ltd | CIK:0001464591 | 3

  • Filed: 4/12/2018
  • Entity registrant name: GeoPark Ltd (CIK: 0001464591)
  • Generator: DataTracks
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1464591/000114420418020167/0001144204-18-020167-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1464591/000114420418020167/gprk-20171231.xml
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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001464591
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    • ifrs-full:DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory

    The breakdown and movement of deferred tax assets and liabilities as of 31 December 2017 and 2016 are as follows:
     
    Amounts in US$ '000
     
    At the beginning
    of year
     
    Currency
    translation
    differences
     
    (Charged)
    credited to net
    profit
     
    At end of year
     
    Deferred tax assets
     
     
     
     
     
     
     
     
     
     
     
     
     
    Difference in depreciation
    rates and other
     
     
    19,225
     
     
    (237)
     
     
    (2,817)
     
     
    16,171
     
    Taxable losses
     
     
    3,828
     
     
    -
     
     
    7,637
     
     
    11,465
     
    Total 2017
     
     
    23,053
     
     
    (237)
     
     
    4,820
     
     
    27,636
     
    Total 2016
     
     
    34,646
     
     
    1,463
     
     
    (13,056)
     
     
    23,053
     
     
    Amounts in US$ '000
     
    At the beginning
    of year
     
    Credited to
    net profit
     
    Reclassification  (a)
     
    At end
    of year
     
    Deferred tax liabilities
     
     
     
     
     
     
     
     
     
     
     
     
     
    Difference in depreciation
    rates and other
     
     
    (17,308)
     
     
    (2,766)
     
     
    -
     
     
    (20,074)
     
    Taxable losses
     
     
    14,538
     
     
    3,250
     
     
    -
     
     
    17,788
     
    Total 2017
     
     
    (2,770)
     
     
    484
     
     
    -
     
     
    (2,286)
     
    Total 2016
     
     
    (16,955)
     
     
    13,611
     
     
    574
     
     
    (2,770)
     
     
    (a) Corresponds to differences between income tax provision and the final tax return presented.