Audi 2006 Annual Report Download - page 185

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The following deferred tax assets and liabilities carried in the balance sheet are attributable
to the individual balance sheet items:
EUR million Dec. 31, 2006 Dec. 31, 2005 Dec. 31, 2006 Dec. 31, 2005
Deferred tax assets Deferred tax liabilities
Intangible assets 127 38 608 724
Property, plant and equipment 181 84 239 290
Long-term investments 114 91 5 –
Inventories 44 40 38 43
Receivables and other assets 22 22 153 10
Other current assets 93 221 5 33
Defined benefit liabilities 199 305 – 0
Other provisions 860 578 89 46
Liabilities 100 81 14 11
Loss carryforwards 22 35 – –
Gross value 1,762 1,495 1,151 1,157
of which non-current 1,183 1,066 748 859
Offsetting measures – 1,136 – 1,116 – 1,136 – 1,116
Consolidation measures 10 25 – 8 11
636 404 7 52
Reclassifications pursuant to IFRS 5 – – 1 – –
Carrying amount 636 403 7 52
Deferred taxes are explained in greater detail in the recognition and measurement
principles.
Reconciliation from anticipated to reported income tax expense
The anticipated tax expense is above the reported income tax expense. The reasons for the
difference between the anticipated and reported tax expense are illustrated by the following
reconciliation:
EUR million 2006 2005
Profit before tax 1,946 1,310
Anticipated income tax expense 38.3 % (38.3 %) 745 502
Progression:
Divergent foreign tax burden – 84 – 72
Tax portion for:
tax-exempt income – 58 – 65
expenses not deductible for tax purposes 23 28
temporary differences and losses for which no deferred tax
has been recorded 64 79
Tax income/expense not relating to the period – 138 – 8
Effects of tax-rate changes – 8 –
Other tax effects 59 22
Income tax expense reported 603 486
Effective tax rate in % 31.0 37.1