Philips 2012 Annual Report Download - page 142

12 Group financial statements 12.11 - 12.11
142 Annual Report 2012
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 2012 and 2011 respectively are as follows:
December 31,
2011
recognized in
income recognized in OCI
acquisitions/
divestments other1)
December 31,
2012
Intangible assets (1,074) 165 − (35) 16 (928)
Property, plant and equipment 77 (2) − − (7) 68
Inventories 221 41 − − (4) 258
Prepaid pension assets 2 (70) 72 − (4) −
Other receivables 44 13 − − (2) 55
Other assets 19 17 (7) − 13 42
Provisions:
- pensions 617 (80) 82 − (22) 597
- guarantees 34 (8) − − − 26
- termination benefits 42 67 5 − 4 118
- other postretirement benefits 71 3 (3) − 1 72
- other provisions 636 (33) 10 − (8) 605
Other liabilities 231 (63) (4) − 7 171
Tax loss carryforwards
(including tax credit
carryforwards) 732 24 (7) 6 (14) 741
Net deferred tax assets 1,652 74 148 (29) (20) 1,825
December 31,
2010
recognized in
income recognized in OCI
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 costs (1) (55) 58 − − 2
Other receivables 38 6 − − − 44
Other assets 28 (26) 19 − (2) 19
Provisions:
- pensions 569 (88) 119 − 17 617
- guarantees 27 7 − − − 34
- 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 1,196 193 183 (5) 85 1,652
1) Primarily includes foreign currency translation differences which were recognized in OCI