Siemens 2006 Annual Report Download - page 178

Notes to Consolidated Financial Statements
(in millions of €, except where otherwise stated and per share amounts)
174
Deferred income tax assets and liabilities on a gross basis are summarized as follows:
September 30,
2006 2005
Current assets:
Inventories 565 733
Receivables 597 226
Accrued liabilities 811 959
Liabilities 776 468
Tax loss and credit carryforward 470 52
Other 445 212
Total current deferred tax assets, before valuation allowances 3,664 2,650
Valuation allowances (48) (6)
Current deferred tax assets 3,616 2,644
Current liabilities:
Inventories 1,752 1,766
Receivables 299 436
Accrued liabilities 213 192
Liabilities 268 51
Other 132 653
Current deferred tax liabilities 2,664 3,098
Current deferred tax (liability) assets, net 952 (454)
Non-current assets:
Long-term investments 814 629
Intangibles 120 232
Property, plant and equipment 375 285
Retirement plans 3,694 4,565
Accrued liabilities 757 564
Liabilities 274 357
Tax loss and credit carryforward 1,971 2,273
Other 608 415
Total non-current deferred tax assets, before valuation allowances 8,613 9,320
Valuation allowances (471) (619)
Non-current deferred tax assets 8,142 8,701
Non-current liabilities:
Intangibles 506 528
Property, plant and equipment 849 771
Accrued liabilities 462 292
Liabilities 55 46
Other 1,737 1,258
Non-current deferred tax liabilities 3,609 2,895
Non-current deferred tax assets, net 4,533 5,806
Total deferred tax assets, net 5,485 5,352