What was the total income tax reported for Bimbo Foods Bakeries Distribution in 2024?
Bimbo_Foods_Bakeries_Distribution Franchise · 2025 FDDAnswer from 2025 FDD Document
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| | 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 |
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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 reported for 2024 was $6,797. This figure is derived from the sum of current income tax ($7,825) and deferred income tax and other items ($-1,028).
This total income tax of $6,797 is based on a profit before income tax of $20,757 and a statutory income tax rate of 30%, which would result in an income tax at the statutory tax rate of $6,227. The difference between the income tax at the statutory tax rate and the total income tax is due to deferred income tax and other items.
Prospective franchisees should note that these figures reflect the overall financial performance of Grupo Bimbo and may not directly correlate with the financial performance of an individual Bimbo Foods Bakeries Distribution franchise. Understanding the factors that influence income tax, such as tax rates and deferred tax items, can help franchisees better assess the financial health of the company.