What was the current income tax for Bimbo Foods Bakeries Distribution in 2024?
Bimbo_Foods_Bakeries_Distribution Franchise · 2025 FDDAnswer from 2025 FDD Document
lows:
| 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 |
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 2024 was $7,825. This is in comparison to $9,462 in 2023 and $9,938 in 2022. The document also lists deferred income tax and other items as -$1,028 for 2024, -$1,076 for 2023, and $4,443 for 2022.
These figures provide a snapshot of Bimbo Foods Bakeries Distribution's income tax obligations over the three-year period. A prospective franchisee can use this information to understand the tax implications and financial performance of the company. It's important to note that these figures represent income tax specifically and do not encompass other potential taxes or financial obligations.
Additionally, the FDD provides the profit before income tax and discontinued operations, which was $21,034 in 2024, $25,324 in 2023, and $45,878 in 2022. The statutory income tax rate was 30% for all three years. This information helps in understanding the context in which the income tax figures are calculated and the overall profitability of Bimbo Foods Bakeries Distribution.