What was the current income tax for Bimbo Foods Bakeries Distribution in 2022?
Bimbo_Foods_Bakeries_Distribution Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Income tax: | |||
| Current income tax | $7,825 | $9,462 | $9,938 |
| Deferred income tax and other items | (1,028) | (1,076) | 4,443 |
| $6,797 | $8,386 | $14,381 | |
| as follows: | |||
| --- | --- | --- | --- |
| 2024 | 2023 | 2022 | |
| Profit before income tax anddiscontinued | |||
| operations | $21,034 | $25,324 | $45,878 |
| (Loss)/profit before income taxfrom | |||
| Discontinuedoperations | (277) | (23) | 23,516 |
| Profit before income tax | 20,757 | 25,301 | 69,394 |
| Statutory income tax rate | 30% | 30% | 30% |
| Income tax at statutory tax rate | 6,227 | 7,591 | 20,818 |
Source: Item 14 — Other Accounts Payable and Accrued Liabilities (FDD pages 312–476)
What This Means (2025 FDD)
According to Bimbo Foods Bakeries Distribution's 2025 Franchise Disclosure Document, the current income tax for the company in 2022 was $9,938. The document also provides the current income tax for 2023 and 2024, which were $9,462 and $7,825 respectively.
Additionally, the FDD specifies the deferred income tax and other items for 2022 was $4,443. When combined with the current income tax, the total income tax for 2022 was $14,381. The total income tax for 2023 and 2024 was $8,386 and $6,797 respectively.
The income tax rate enacted for 2022 was 30%. The profit before income tax and discontinued operations was $45,878 in 2022. The profit before income tax from discontinued operations was $23,516 in 2022. Therefore, the profit before income tax was $69,394 in 2022. The income tax at the statutory tax rate was $20,818 in 2022.