APC 2013 Annual Report Download - page 212

5CONSOLIDATED FINANCIALSTATEMENTS ATDECEMBER 31, 2013
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Deferred taxes by type Note16
Deferred taxes by type can be analyzed as follows:
Dec.31, 2013 Dec.31, 2012*
Deferred tax assets
Tax credits and tax loss carryforwards 450 354
Provisions for pensions and other post-retirement benefit obligations 484 609
Impairment of receivables and inventory 169 166
Non-deductible provisions for contingencies and accruals 48 59
Other 602 551
TOTAL DEFERRED TAX ASSETS 1,753 1,739
Deferred tax liabilities
Differences between tax and accounting depreciation (113) (82)
Trademarks and other intangible assets (276) (321)
Capitalized development costs (R&D) (72) (60)
Other (533) (551)
TOTAL DEFERRED TAX LIABILITIES (994) (1,014)
The 2012 figures were restated for the application of IAS19 Revised disclosed in note22 of the consolidated financial statements.*
Deferred tax assets recorded in respect of tax loss carryforwards at December31, 2012 essentially concern France (EUR326million).
Inventories and work in progress Note17
Inventories and work in process changed as follows:
Dec.31, 2013 Dec.31, 2012
Cost:
Raw materials 1,354 1,478
Production work in process 281 323
Semi-finished and finished products 1,306 1,512
Goods 378 67
Solution work in process 94 106
INVENTORIES AND WORK IN PROCESS AT COST 3,413 3,486
Impairment:
Raw materials (204) (200)
Production work in process (8) (8)
Semi-finished and finished products (152) (169)
Goods (10) (13)
Solution work in process (5) (7)
IMPAIRMENT LOSS (379) (396)
Net:
Raw materials 1,150 1,279
Production work in process 273 315
Semi-finished and finished products 1,154 1,342
Goods 368 54
Solution work in process 89 100
INVENTORIES AND WORK IN PROCESS, NET 3,034 3,090
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