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E
Financial
E.4
Consolidated financial statements
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174
Deferred taxes
Note 8
(In € million)
12months ended
December
31, 2016
12months ended
December
31, 2015
Deferred tax assets
412.3
442.4
Deferred tax liabilities
100.6
70.0
NET DEFERRED TAX
311.7
372.4
Breakdown of deferred tax assets and liabilities by nature
(In € million)
carry
forward
Tax losses
Intangible assets
recognized
as part of PPA Fixed assets Pensions
Other
Total
At January 1, 2015
200.6
-129.4
77.3 247.6 -42.8 353.3
Charge to profit or loss for the year
24.5
22.9
-3.3 -10.0 -23.5 10.6
Change of scope
1.2
0.2
0.4
2.1 17.6 21.5
Charge to equity
-
-
-
-33.9
-2.6 -36.5
Reclassification
6.7
2.1
11.8
-8.7
-2.5
9.4
Exchange differences
2.9
-0.6
8.0
3.3
0.6 14.2
At December 31, 2015
235.9
-104.8
94.2 200.4 -53.2 372.5
Charge to profit or loss for the year
42.5
23.1
1.7
-8.7 -118.4 -59.8
Change of scope
-2.1
-68.3
-36.4 31.5 20.4 -54.9
Charge to equity
0.6
-
-
68.4
4.9 73.9
Reclassification
2.6
-
-0.4
-
-0.7
1.5
Exchange differences
3.0
-3.6
-15.5
-2.5
-2.9 -21.5
AT DECEMBER 31, 2016
282.5
-153.6
43.6 289.1 -149.9 311.7
Tax losses carry forward schedule (basis)
(In € million)
12months endedDecember
31, 2016
12months ended December
31, 2015
Recognized Unrecognized
Total
Recognized Unrecognized
Total
2016
-
-
-
11.7
-
11.7
2017
7.1
3.1
10.2
1.2
2.1
3.3
2018
1.9
2.4
4.3
5.0
2.0
7.0
2019
10.3
4.7
15.0
11.7
12.3
24.0
2020
-
9.7
9.7
-
-
-
Tax losses available for carry forward for
5 years and more
201.2
82.0
283.3
186.3
55.5
241.8
Ordinary tax losses carry forward
220.4
101.9
322.4
215.9
71.9
287.8
Evergreen tax losses carry forward
705.4 2,863.3 3,568.7
575.7 2,216.7 2,792.4
TOTAL TAX LOSSES CARRY FORWARD
925.8 2,965.2 3,891.1
791.6 2,288.6 3,080.2
Netherlands (€ 165.2 million), the United Kingdom (€ 148.9 million), Brazil (€ 136.4 million), the United States (€ 105.2 million), Spain
(€ 86.6 million), Austria (€ 82.8 million), and Italy (€ 50.5 million).
The countries with the largest tax losses available for carry forward were France (€ 1,964.4 million), Germany (€ 997.8 million), The