Philips 2014 Annual Report Download - page 136

Group nancial statements 12.9
136 Annual Report 2014
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 2014 and 2013 respectively are as follows:
Philips Group
Deferred tax assets and liabilities in millions of EUR
2014
Balance as of
January 1,
2014
recognized in
income
recognized in
OCI
acquisitions/
divestments other1)
Balance as of
December 31,
2014
Intangible assets (871) 59 – (40) (128) (980)
Property, plant and equipment 58 9 – – 6 73
Inventories 264 24 – – 23 311
Prepaid pension assets (1) (40) 139 – – 98
Other receivables 50 6 – – (7) 49
Other assets 32 (8) (9) – 9 24
Provisions:
- pensions 426 (49) 146 – 39 562
- guarantees 29 (25) – – – 4
- termination benets 97 23 (13) – 2 109
- other postretirement benets 57 2 4 – 8 71
- other provisions 567 126 (7) – 97 783
Other liabilities 192 (1) 2 – 16 209
Deferred tax assets on tax loss
carryforwards (including tax credit
carryforwards) 699 95 190 1 55 1,040
Net deferred tax assets 1,599 221 452 (39) 120 2,353
Philips Group
Deferred tax assets and liabilities in millions of EUR
2013
Balance as of
January 1,
2013
recognized in
income
recognized in
OCI
acquisitions/
divestments other1)
Balance as of
December 31,
2013
Intangible assets (928) 13 – – 44 (871)
Property, plant and equipment 68 – – – (10) 58
Inventories 258 9 – – (3) 264
Prepaid pension costs – (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 benets 118 (28) 8 – (1) 97
- other postretirement benets 72 (5) (7) – (3) 57
- other provisions 605 (32) 16 – (22) 567
Other liabilities 171 27 – – (6) 192
Deferred tax assets on tax loss
carryforwards (including tax credit
carryforwards) 742 (83) (11) – 51 699
Net deferred tax assets 1,827 (196) (54) (1) 23 1,599
1) Primarily includes foreign currency translation dierences which were recognized in OCI