Annual report 2019

100

14. DEFERRED INCOME TAX ASSETS AND LIABILITIES

BALANCE AS AT 1 JANUARY 2019

BALANCE AS AT 31 DECEMBER 2019

MOVEMENT IN TEMPORARY DIFFERENCES DURING THE YEAR

In / (out) consolidation and business combinations

Charged (-)/ added to net profit

Currency translation differences

Charged to equity

Asset

Liability

Asset

Liability

Intangible assets

195 128

- 1,999 - 3,005

157

- - -

-

1 3

206 152

- 1,852 - 6,590

Property, plant and equipment Trade and other receivables

- 3,291

- 273

57

- -

-

- -

- -

57

- -

Hedging reserve

1,000

- 69

- 531

400

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

7,324 3,518

-

- 2,584

1,852

- - - - - - - - -

16

6,608 3,974

-

Employee benefits

- 3,400

3,009 - 720

- - - - - - -

- 17

- 864

Provisions

731 249 354 276

- -

14

25

- -

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

-

-

249 428 253 105

- 95

67

3

- 99

- 709

377

- 247

- 556

Leases

- -

-

97

- -

- 8

Foreign branch results

- 1,436

-

-

- 1,436

Income tax losses carried forward

47

-

11,651

1,135 2,456

5

12,838 25,295

-

13,879

- 10,644

8,694

- 273

- 222

- 11,405

Offsetting of deferred income tax assets and liabilities

- 4,874

4,874

- 9,955

9,955

Net in the Consolidated Statement of Financial Position

9,005

- 5,770

15,340

- 1,450

BALANCE AS AT 1 JANUARY 2018

BALANCE AS AT 31 DECEMBER 2018

MOVEMENT IN TEMPORARY DIFFERENCES DURING THE YEAR

Charged (-) /added to net profit

In / (out) consolidation and business combinations

Currency translation differences

ANNUAL REPORT 2019 – BOSKALIS FINANCIAL STATEMENTS 2019 A NUAL REPORT 2019 -- BOSKALIS FINANCIAL STATEMENTS 2019 Intangible assets Property, plant and equipment Unbilled revenue and deferred revenue Trade and other receivables Hedging reserve Actuarial gains / losses (-) and asset limitation on defined benefit pension plans Employee benefits Provisions Interest-bearing borrowings Trade and other payables Other assets and liabilities Foreign branch results Income tax losses carried forward Offsetting of deferred income tax assets and liabilities Net in the Consolidated Statement of Financial Position

Charged to equity

Asset

Liability

Asset

Liability

-

- 2,387 - 3,120

583

- - - -

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

-

195 128

- 1,999 - 3,005

390

- 103

- 44

-

- 34

34 18

-

-

- - -

38

-

1

57

-

- 3,252

321

3,931

-

1,000

7,069 4,026

-

252

- 39

42

7,324 3,518

-

- 3,388

- 484 - 670

- - - - - - -

- 36 504

- 3,400

897 249 252 308 600

- -

731 249 354 276

- -

-

-

- 370

403 381 300

- 26

- 95

- 1,163 - 2,336

41

- 709

-

-

- 1,436

86

-

-

- 39 443

47

-

13,915

- 16,050

1,035

3,892

13,879

- 10,644

- 4,367

4,367

- 4,874

4,874

9,548

- 11,683

9,005

- 5,770

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.