Boskalis_Annual_Report_2016

92

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

INCOME TAX (EXPENSE) BENEFIT

BEFORE INCOME TAX

NET OF INCOME TAX

Foreign currency translation differences for foreign operations

24,776 13,336 - 10,722

-

24,776 11,302 - 9,642

Fair value of cash flow hedges

- 2,034

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

1,080

Movement in fair value of investment in Fugro N.V.

357

-

357

27,747

- 954

26,793

2015

INCOME TAX (EXPENSE) BENEFIT

BEFORE INCOME TAX

NET OF INCOME TAX

Foreign currency translation differences for foreign operations

169,474

2,334 - 3,181 - 6,772 - 7,619

171,808

Fair value of cash flow hedges

7,013

3,832

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

45,554 222,041

38,782 214,422

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 ANNUAL REPORT 2016 – BOSKALIS FINANCIAL STATEMENTS 2016 Later than 5 years No later than 1 year Later than 5 years

-

-

- - - -

Later than 1 year and no later than 5 years

1,409

140,731

102,578 103,987

6,863

147,594

2015

INCOME TAX LOSSES CARRIED FORWARD

DEDUCTIBLE TEMPORARY DIFFERENCES

DISPOSAL GROUP

-

-

- - - -

Later than 1 year and no later than 5 years

2,331

95,106 21,128 116,234

143,931 146,262