Globant S.A. | CIK:0001557860 | 3

  • Filed: 4/13/2018
  • Entity registrant name: Globant S.A. (CIK: 0001557860)
  • Generator: Workiva (WebFilings)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1557860/000114420418020505/0001144204-18-020505-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1557860/000114420418020505/glob-20171231.xml
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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001557860
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    • ifrs-full:DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory

    The roll forward of the deferred tax assets/(liabilities) presented in the consolidated financial position is as follows:

     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Opening
     
    Recognised in
     
    Recognised
     
    Acquisitions/
     
    Closing
     
     
    balance
     
    profit or loss
     
    directly in equity
     
    disposals
     
    balance
    Deferred tax assets/(liabilities) in relation to:
     
     
     
     
     
     
     
     
     
     
    Share-based compensation plan
     
    4,919

     
    1,026

     
    1,400

     
    (1,573
    )
     
    5,772

    Provision for vacation and bonus
     
    1,339

     
    (30
    )
     
    —

     
    —

     
    1,309

    Intercompany trade payables
     
    —

     
    3,126

     
    —

     
    —

     
    3,126

    Property and equipment
     
    (298
    )
     
    1,054

     
    —

     
    —

     
    756

    Contingencies
     
    31

     
    (31
    )
     
    —

     
    —

     
    —

    Others
     
    (39
    )
     
    (143
    )
     
    —

     
    —

     
    (182
    )
    Subtotal
     
    5,952

     
    5,002

     
    1,400

     
    (1,573
    )
     
    10,781

    Loss carryforward
     
    1,739

     
    970

     
    —

     
    (304
    )
     
    2,405

    TOTAL
     
    7,691

     
    5,972

     
    1,400

     
    (1,877
    )
     
    13,186

     
     
    As of December 31,
     
     
    2017
     
    2016
    Share-based compensation plan
     
    5,772

     
    4,919

    Provision for vacation and bonus
     
    1,309

     
    1,339

    Intercompany trade payables
     
    3,126

     
    —

    Property and equipment
     
    756

     
    (298
    )
    Contingencies
     
    —

     
    31

    Others
     
    (182
    )
     
    (39
    )
    Loss carryforward (1)
     
    2,405

     
    1,739

    TOTAL DEFERRED TAX ASSETS
     
    13,186

     
    7,691

     
    (1)
    As of December 31, 2017 and 2016, the detail of the loss carryforward is as follows:
     
     
    2017
     
    2016
    Company
     
    Loss carryforward
     
    Expiration date
     
    Loss carryforward
     
    Expiration date
    Globant S.A.
     
    737

     
    2035
     
    —

     
    —
    Dynaflows S.A.
     
    80

     
    2020
     
    17

     
    2020
    Globant Brasil Consultoría Ltda. (2)
     
    1,219

     
    does not expire
     
    1,235

     
    does not expire
    We Are London Limited
     
    253

     
    does not expire
     
    —

     
    —
    Sistemas UK Limited
     
    116

     
    does not expire
     
    105

     
    does not expire
    Sistemas Globales Chile Ases. Ltda.
     
    —

     
    —
     
    101

     
    does not expire
    Globant LLC
     
    —

     
    —
     
    274

     
    does not expire
    Software Product Creation S.L.
     
    —

     
    —
     
    7

     
    does not expire
     
     
    2,405

     
     
     
    1,739

     
     

    (2)
    The amount of the carryforward that can be utilized for Globant Brasil Consultoría Ltda. is limited to 30% of taxable income in each carryforward year.