Annual Report 2015

20. Deferred tax assets and liabilities

 

Changes in deferred tax assets and liabilities are as follows:

 
               

Deferred tax assets 2015

             

EUR million

1.1.

Trans-

lation

differ-

ence

Acquired/

Divested

subsidi-

aries

Recorded

through

profit

or loss

Recorded

through other

comprehensive

income

Other

changes

31.12.

Pension obligations

3.2

0.0

 

0.0

-0.9

 

2.4

Unused tax losses

5.9

0.2

-0.4

3.5

   

9.1

Impairment on real estate shares

2.6

         

2.6

Restructuring provision

2.6

0.0

 

0.2

 

0.5

3.3

Other temporary differences

1.7

-0.1

 

-0.4

 

-0.5

0.7

Total

16.0

0.1

-0.4

3.3

-0.9

0.0

18.1

               
               

Deferred tax liabilities 2015

             

EUR million

1.1.

Trans-

lation

differ-

ence

Acquired/

Divested

subsidi-

aries

Recorded

through

profit

or loss

Other

changes

31.12.

 

Fair value measurement of intangible and tangible assets in acquisition

15.4

-0.9

0.2

-4.7

 

10.1

 

Accumulated depreciation in excess of plan

10.9

   

-3.4

 

7.5

 

Other temporary differences

5.2

0.0

-0.1

0.5

-0.2

5.4

 

Total

31.6

-0.9

0.1

-7.5

-0.2

23.1

 
               
               

Deferred tax assets 2014

             

EUR million

1.1.

Trans-

lation

differ-

ence

Acquired/

Divested

subsidi-

aries

Recorded

through

profit

or loss

Recorded

through other

comprehensive

income

Other

changes

31.12.

Pension obligations

2.3

0.0

0.0

-0.1

1.1

 

3.2

Unused tax losses

11.2

-3.5

 

-1.8

   

5.9

Impairment on real estate shares

2.6

         

2.6

Restructuring provision

2.9

-0.2

 

-0.1

   

2.6

Other temporary differences

1.6

-0.1

 

-0.1

 

0.3

1.7

Total

20.5

-3.8

0.0

-2.2

1.1

0.3

16.0

               
               

Deferred tax liabilities 2014

             

EUR million

1.1.

Trans-

lation

differ-

ence

Acquired/

Divested

subsidi-

aries

Recorded

through

profit

or loss

Other

changes

31.12.

 

Fair value measurement of intangible and tangible assets in acquisition

24.3

-7.4

0.4

-1.8

 

15.4

 

Accumulated depreciation in excess of plan

14.2

   

-3.3

 

10.9

 

Other temporary differences

5.2

-0.6

0.0

0.2

0.4

5.2

 

Total

43.7

-8.0

0.4

-5.0

0.4

31.6

 
               

On December 31, 2015, the Group had unused tax losses for which it has not recognized deferred taxes of EUR 95.3 (93.7) million, mainly arising from businesses in Scandinavia. Previously unrecognized deferred tax assets on unused tax losses recognized in 2015 amounted to EUR 9.2 (0.0) million. Deferred tax assets of EUR 6.1 million recognized during previous years were recognized as tax expense for the financial year.