250 / ANNUAL REPORT 2013
2013 Opening balance
$
2012
85,322
66,046
Provision charged to expenses
38,409
39,845
Reversed amounts
(1,224)
(20,569)
Provisions
NOTE 7
$
122,507
85,322
PREPAID EXPENSE AND DEFERRED CHARGES The following is a breakdown of the Prepaid Expense and Deferred Charges Account at December 31:
2013 Organizational and pre-operating expense
$
2012
19,341
32,530
20
375
157
88
5,204
939
456
145
85
70
Interest
3,969
-
Insurance
1,575
-
Lease rentals
1,269
-
Non proportional contract costs
15,416
13,598
Others
12,632
27,445
Deferred debit income tax on temporary differences
32,627
39,001
449,084
295,102
541,835
409,293
(481,712) 60,123
(155,567) 253,726
Software Office stationery and supplies Improvements to leased properties Advertising and publicity Insurance and sureties
Brokerage commissions - DAC
Less: long-term portion short-term portion
$