Philips 2013 Annual Report Download - page 151

11 Group financial statements 11.9 - 11.9
Annual Report 2013 151
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 2013 and 2012 respectively are as follows:
December 31,
2012
recognized in
income recognized in OCI
acquisitions/
divestments other1)
December 31,
2013
Intangible assets (928) 13 − − 44 (871)
Property, plant and equipment 68 − − − (10) 58
Inventories 258 9 − − (3) 264
Prepaid pension assets − (24) 23 − − (1)
Other receivables 55 (3) 1 − (3) 50
Other assets 42 (4) (2) (1) (3) 32
Provisions:
- pensions 598 (70) (82) − (20) 426
- guarantees 26 4 − − (1) 29
- termination benefits 118 (28) 8 − (1) 97
- other postretirement benefits 72 (5) (7) − (3) 57
- other provisions 605 (32) 16 − (22) 567
Other liabilities 171 27 − − (6) 192
Tax loss carryforwards
(including tax credit
carryforwards) 742 (83) (11) − 51 699
Net deferred tax assets 1,827 (196) (54) (1) 23 1,599
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 costs 2 (4) 6 − (4) −
Other receivables 44 13 − − (2) 55
Other assets 19 17 (7) − 13 42
Provisions:
- pensions 617 (62) 64 − (21) 598
- guarantees 34 (10) − − 2 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 (13) 742
Net deferred tax assets 1,652 156 64 (29) (16) 1,827
1) Primarily includes foreign currency translation dierences which were recognized in OCI