Philips 2007 Annual Report Download - page 214
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Philips Annual Report 2007220
Deferred tax assets and liabilities
Net deferred tax assets relate to the following balance sheet captions and tax loss carryforwards (including tax credit
carryforwards) of which the movements during the year 2007 are as follows:
balance
Dec. 31, 2006
recognized
in income
recognized
in equity
acquisitions/
deconsolidations other
balance
Dec. 31, 2007
Intangible assets (492) 85 − 58 (22) (371)
Property, plant and equipment 26 47 − (1) (7) 65
Inventories 138 (18) − − (3) 117
Prepaid pension costs (90) (47) − − 10 (127)
Other receivables 48 (28) − − 1 21
Other assets 346 (185) − (127) − 34
Provisions:
- Pensions 259 73 − − (28) 304
- Restructuring 24 (24) − − − −
- Guarantees 15 (2) − − − 13
- Termination benets 23 (4) − − − 19
- Other postretirement benets 94 50 − − (11) 133
- Other 294 (158) − (7) − 129
Other liabilities 52 22 14 − 5 93
Tax loss carryforwards
(including tax credit carryforwards) 449 99 − 26 126 700
Net deferred tax assets 1,186 (90) 14 (51) 71 1,130
Net deferred tax assets relate to the following balance sheet captions and tax loss carryforwards (including tax credit
carryforwards) of which the movements during the year 2006 are as follows:
balance
Dec. 31, 2005
recognized
in income
recognized
in equity
acquisitions/
deconsolidations other
balance
Dec. 31, 2006
Intangible assets (343) 440 (95) (502) 8 (492)
Property, plant and equipment 37 (4) − (5) (2) 26
Inventories 153 (12) − − (3) 138
Prepaid pension costs 47 (141) − − 4 (90)
Other receivables 39 10 − − (1) 48
Other assets 259 107 − − (20) 346
Provisions:
- Pensions 294 (5) − − (30) 259
- Restructuring 30 (4) − − (2) 24
- Guarantees 10 6 − − (1) 15
- Termination benets 30 (6) − − (1) 23
- Other postretirement benets 105 (6) − − (5) 94
- Other 427 (118) − 5 (20) 294
Other liabilities 137 (73) (46) − 34 52
Tax loss carryforwards
(including tax credit carryforwards) 905 (190) − − (266) 449
Net deferred tax assets 2,130 4 (141) (502) (305) 1,186
128 Group nancial statements 188 IFRS information
Notes to the IFRS nancial statements
240 Company nancial statements