What was the total income tax for Bimbo Foods Bakeries Distribution in 2024?
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 total income tax for 2024 was $6,797. This figure is derived from the sum of the current income tax of $7,825 and a deferred income tax and other items totaling $(1,028).
To provide context, the profit before income tax for Bimbo Foods Bakeries Distribution in 2024 was $20,757. The statutory income tax rate was 30%, which would have resulted in an income tax amount of $6,227 before adjustments.
Understanding the components of income tax, including current and deferred portions, can help a prospective franchisee assess the overall financial health and tax strategies of Bimbo Foods Bakeries Distribution.