Boskalis_Annual_Report_2016

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14. DEFERRED INCOME TAX ASSETS AND LIABILITIES

BALANCE AS AT 1 JANUARY 2016

BALANCE AS AT 31 DECEMBER 2016

MOVEMENT IN TEMPORARY DIFFERENCES DURING THE YEAR

In / (out) consolida- tion and business combina- tions

Charged (-)/ added

Reclassified to disposal group

Currency translation differences

to net profit

Charged to equity

Asset

Liability

Asset

Liability

Intangible assets

-

- 2,960 - 13,854

2,742

- - - -

-

- 2,149 - 2,259

202

-

- 2,165 - 12,397 - 6,857

Property, plant and equipment Due from and due to customers Trade and other receivables

2,301

- 2,445 - 6,637

4,930

- 487

583

371

- 358

-

- 926

693

- -

-

- 17

17

17

- 17

- 2

- 2

Hedging reserve

2,409

-

6

- 2,034

-

- 268

217

330

-

Actuarial gains / losses (-) and asset limitation on defined benefit pension plans

11,583

-

-

- 5,801

- -

- -

8

5,790 4,083 1,287

-

Employee benefits

787

- 5,346

- 1,530

6,881

- 1

- 3,292

Provisions

1,070

- 566

1,571

- - - - - -

597

- 598

- 787 - 311

- - -

Interest-bearing borrowings Trade and other payables Other assets and liabilities

344 546 317

- 33

1

-

344 443 579

345

- 154

247

208

1

1,291

- 9,371 - 1,565

7,847

50

- 135

445

- 1,158 - 1,566

Foreign branch results

-

-

- -

- -

- 1 11

-

Income tax losses carried forward

511

-

- 108 1,711

414

-

20,239

- 34,224

- 954

5,802

- 4,851

- 592

14,568

- 27,437

Offsetting of deferred income tax assets and liabilities

- 8,219

8,219

- 4,063

4,063

Net in the consolidated statement of financial position

12,020

- 26,005

10,505

- 23,374

BALANCE AS AT 1 JANUARY 2015

BALANCE AS AT 31 DECEMBER 2015

MOVEMENT IN TEMPORARY DIFFERENCES DURING THE YEAR

Charged (-)/ added

Reclass to disposal group

In / out consolida- tion

Currency translation differences

to net profit

Charged to equity

Asset

Liability

Asset

Liability

Intangible assets

-

- 5,248 - 13,295

182

- - - -

2,702 1,278

- - - - - - - - - - - - - - -

- 596 1,956

-

- 2,960 - 13,854

Property, plant and equipment Due from and due to customers Trade and other receivables

2,053

- 3,545

2,301

-

- 402

415

- - -

-

371

- 358

17

- 54

16

4

-

- 17

Hedging reserve

5,590

-

-

- 3,181

-

2,409

-

Actuarial gains / losses (-) and asset limitation on defined benefit pension plans

18,355

-

-

- 6,772

- - -

-

11,583

-

Employee benefits

1,860 1,461

- 8,005 - 1,300

1,541

- - - - - - -

45 84

787

- 5,346

Provisions

259

1,070

- 566

Interest-bearing borrowings Trade and other payables Other assets and liabilities

392

- 21

1

- 67

6

344 546 317

- 33

1,120

- 245

- 504

- -

21 76 18

- 154

262

- 8,035

- 3,692

2,334

- 9,371

Tax reserves

- -

-

- 197

179

- -

-

Foreign branch results

- 1,575

9

-

- -

- 1,565

Income tax losses carried forward

183

-

232

96

511

-

31,293

- 38,180

- 5,283

- 7,619

4,188

1,614

20,239

- 34,224

Offsetting of deferred income tax assets and liabilities

- 12,106

12,106

- 8,219

8,219

Net in the consolidated statement of financial position

19,187

- 26,074

12,020

- 26,005

Deferred income tax assets are not recognized as long as it is not probable that economic benefits can be expected in future periods. Deferred income tax assets and liabilities within fiscal unities are offset in the statement of financial position.

ANNUAL REPORT 2016 – BOSKALIS

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