Sinn Fein has restated the party accounts to include deferred tax liabilities of €630,000 (£540,000) on the future sale of its property portfolio in Dublin and Belfast.
The party failed to include the estimated future tax payments on the properties in Parnell Square and the Falls Road, valued in total at €2.5m or just over £2m.
Under rules introduced in 2015 in the Republic, companies must include all deferred liabilities in annual accounts.
The party had €5.8m (£5m) in accumulated funds and assets at the end of December 2022, according to the accounts filed with the Standards in Public Office commission (Sipo).
Pearse Doherty TD and Conor Murphy MLA are named as joint treasurers while Louth-based Des Mackin is the party’s long time finance director.
Sinn Fein state in the accounts the adjustment was necessary as accountancy regulations require that “deferred tax be recognised on the timing difference arising on the revaluation of an asset”.
The party owns two properties in Dublin and the Belfast office at 51-55 Falls Road. However, the accounts do not include Connolly House at 147 Andersonstown Road, which the party is currently in the process of leaving for new premises.
According to the accounts, the deferred tax liability rose from €630,000 in 2021 to just over €750,000 last year. The adjustment to the 2021 accounts was to “fully comply with accountancy standards”.
The value of the Dublin properties was €2.2m while the Falls Road headquarters was estimated to be worth €315,000 or £270,000.
While the Belfast property is included, the accounts are listed as a 26 county report.