Siemens 2005 Annual Report Download - page 160

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Deferred income tax assets and liabilities on a gross basis are summarized as follows:
Management’s discussion and analysis
September 30,
2005 2004
Current assets:
Inventories 733 514
Receivables 226 284
Accrued liabilities 959 736
Liabilities 468 400
Tax loss and credit carryforward 52 197
Other 212 283
Total current deferred tax assets, before valuation allowances 2,650 2,414
Valuation allowances (6) (42)
Current deferred tax assets 2,644 2,372
Current liabilities:
Inventories 1,766 1,751
Receivables 436 341
Accrued liabilities 192 303
Liabilities 51 164
Other 653 191
Current deferred tax liabilities 3,098 2,750
Current deferred tax (liability) assets, net (454) (378)
Non-current assets:
Long-term investments 629 223
Intangibles 232 235
Property, plant and equipment 285 205
Retirement plans 4,565 3,199
Accrued liabilities 564 672
Liabilities 357 406
Tax loss and credit carryforward 2,361 1,770
Other 415 226
Total non-current deferred tax assets, before valuation allowances 9,408 6,936
Valuation allowances (619) (417)
Non-current deferred tax assets 8,789 6,519
Non-current liabilities:
Intangibles 528 300
Property, plant and equipment 771 503
Accrued liabilities 292 141
Liabilities 46 11
Other 1,258 1,322
Non-current deferred tax liabilities 2,895 2,277
Non-current deferred tax assets, net 5,894 4,242
Total deferred tax assets, net 5,440 3,864