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The following movements in deferred income tax assets and liabilities, including applicable income tax rate
changes, together with the items they relate to, are recognized in the statement of other comprehensive
income:
2016
BEFORE
INCOME TAX
INCOME TAX
(EXPENSE)
BENEFIT
NET OF
INCOME TAX
Foreign currency translation differences for foreign operations
24,776
-
24,776
Fair value of cash flow hedges
13,336
- 2,034
11,302
Actuarial gains / losses (-) and asset limitation on defined benefit pension plans
- 10,722
1,080
- 9,642
Movement in fair value of investment in Fugro N.V.
357
-
357
27,747
- 954
26,793
2015
BEFORE
INCOME TAX
INCOME TAX
(EXPENSE)
BENEFIT
NET OF
INCOME TAX
Foreign currency translation differences for foreign operations
169,474
2,334
171,808
Fair value of cash flow hedges
7,013
- 3,181
3,832
Actuarial gains / losses (-) and asset limitation on defined benefit pension plans
45,554
- 6,772
38,782
222,041
- 7,619
214,422
UNRECOGNIZED DEFERRED INCOME TAX ASSETS
Unrecognized deferred income tax assets regarding income tax losses carried forward and/or timing
differences of Group companies amounted to EUR 251.6 million (2015: EUR 262.5 million). These
deferred income tax assets are not recognized in the statement of financial position as long as recovery
through taxable profit or deductible temporary differences before expiration is not probable.
2016
INCOME TAX
LOSSES
CARRIED
FORWARD
DEDUCTIBLE
TEMPORARY
DIFFERENCES
DISPOSAL
GROUP
No later than 1 year
-
-
-
Later than 1 year and no later than 5 years
1,409
140,731
-
Later than 5 years
102,578
6,863
-
103,987
147,594
-
2015
INCOME TAX
LOSSES
CARRIED
FORWARD
DEDUCTIBLE
TEMPORARY
DIFFERENCES
DISPOSAL
GROUP
No later than 1 year
-
-
-
Later than 1 year and no later than 5 years
2,331
95,106
-
Later than 5 years
143,931
21,128
-
146,262
116,234
-
92
ANNUAL REPORT 2016 – BOSKALIS
FINANCIAL STATEMENTS 2016