6.16 Deferred tax assets and liabilities

Deferred tax assets and liabilities

 

 

in EUR

 

2011

2010

DEFERRED TAX ASSETS

 

 

As at 1 January

27,545,028

20,426,847

Increase

13,116,215

7,118,181

Decrease

0

As at 31 December

40,661,243

27,545,028

DEFERRED TAX LIABILITIES

 

 

As at 1 January

14,110,839

16,383,815

Increase

0

0

Decrease

-4,497,252

-2,272,976

As at 31 December

9,613,587

14,110,839

NET DEFERRED TAX ASSETS

31,047,656

13,434,189

 

Documents

 
 
 

Deferred tax assets are recognised for temporary differences arising from the impairment of receivables, financial assets and investment property, from employee benefits and from differences between the tax and carrying amount on property, plant and equipment.

Deferred tax liabilities are recognised due to the valuation of available-for-sale financial assets.

The change in deferred tax assets is recognised in the income statement, increasing and/or decreasing income tax expense, whilst the change in deferred tax liabilities is recognised in other comprehensive income. The impact of changes on the income statement and the comprehensive income is shown in Section 7.14 Income tax expense.

 
 
 
 
 
 
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