Omega ltd has been in business for many years, operating in Chinhoyi Town. The Managing Director is a worried man over the deferred tax liability appearing in the statement of financial position. On 31 December 2011 the deferred tax liability of Omega Ltd amounted to 112 000. Included in this balance is a deferred tax asset of 28 000 relating to a tax loss. On 31 December 2012 the company's cumulative taxable temporary differences amounted to 600 000. The accounting profit before tax was 80 000, but this included dividends received of 30 000, which are not taxable, as well as legal costs of 20 000, which may not be claimed for tax purposes. On 31 December 2013 the company's cumulative taxable temporary differences amounted to 580 000. The accounting profit before tax was 100 000, which included no non-taxable or non-deductible items. Assume that the temporary difference relate to property, plant and equipment measured using the historical cost model. The tax rate is 25