Indicate how these balances will be presented in Ivanhoe's December 31, 2023 SFP, assuming that Ivanhoe reports under the ASPE future income taxes method. Long-Term Liabilities Dofo Jimbillt IVANHOE CORPORATION (Partial) Statement of Financial Position December 31, 2023

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Deferred Tax

Deferred tax is an estimated future tax which is made while preparing accounts. It is estimated as a result of past and present transactions in the financial statements. It is not the actual tax which needs to be paid or refundable from the revenue authority, it is an accounting entry. It exists because of the difference between accounting profits and taxable profits.