Philips 2011 Annual Report Download - page 140

12 Group financial statements 12.11 - 12.11
140 Annual Report 2011
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 years 2011 and 2010 respectively are as follows:
December 31,
2010
recognized in
income recognized in equity
acquisitions/
divestments other1)
December 31,
2011
Intangible assets (1,217) 180 − (3) (34) (1,074)
Property, plant and equipment 40 30 − − 7 77
Inventories 242 (9) − − (12) 221
Prepaid pension assets (1) (55) 58 − − 2
Other receivables 38 6 − − − 44
Other assets 28 (26) 19 − (2) 19
Provisions:
- pensions 569 (88) 119 − 17 617
- guarantees 11 7 − − − 18
- termination benefits 68 (26) − − − 42
- other postretirement benefits 79 (4) (6) − 2 71
- other provisions 545 62 (6) 1 34 636
Other liabilities 82 145 (1) (4) 9 231
Tax loss carryforwards
(including tax credit
carryforwards) 696 (29) − 1 64 732
Net deferred tax assets 1,180 193 183 (5) 85 1,636
1) Primarily includes foreign currency translation differences which were recognized in equity
December 31,
2009
recognized in
income recognized in equity
acquisitions/
divestments other1)
December 31,
2010
Intangible assets (1,218) 97 − (3) (93) (1,217)
Property, plant and equipment 15 34 − − (9) 40
Inventories 193 44 − − 5 242
Prepaid pension costs (387) (75) 462 − (1) (1)
Other receivables 36 4 − − (2) 38
Other assets 118 (94) − − 4 28
Provisions:
- pensions 450 (58) 150 − 27 569
- guarantees 11 − − − − 11
- termination benefits 100 (34) − − 2 68
- other postretirement benefits 91 (7) (10) − 5 79
- other provisions 567 (71) 5 (1) 45 545
Other liabilities (29) 107 − − 4 82
Tax loss carryforwards (including tax
credit carryforwards) 766 (143) (1) 1 73 696
Net deferred tax assets 713 (196) 606 (3) 60 1,180
1) Primarily includes foreign currency translation differences which were recognized in equity