Audi 2013 Annual Report Download - page 245

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE INCOME STATEMENT
CONSOLIDATED FINANCIAL STATEMENTS
242
B
The effects arising as a result of the tax benefits on research and
development expenditure in Hungary are reported under tax-
exempt income in the reconciliation accounts.
There are loss carryforwards totaling EUR 3,052 (3,044) million,
of which the amount of EUR 3,051 (3,031) million can be used
indefinitely. Overall, loss carryforwards in the amount of EUR
3,049 (3,020) million were classed as unusable. In the 2013
fiscal year, the realization of tax losses led to a reduction in
current income tax expense of EUR 43 (22) million. Deferred
tax assets of EUR 416 (307) million relating to tax loss carry-
forwards and tax concessions were not reported due to im-
pairment.
Deferred taxes of EUR 2 (10) million were capitalized, with no
deferred tax liabilities in the corresponding amount being
offset against them. Following a loss in the current fiscal year,
the company concerned is expecting to record a positive tax
income in future.
The devaluation of deferred tax claims resulted in a deferred
tax expense of EUR 19 (–) million.
Of the deferred taxes reported in the Balance Sheet, a total of
EUR 353 (3) million was recorded with a resulting reduction in
equity, without influencing the Income Statement.
The recording of actuarial gains without affecting profit or loss,
pursuant to IAS 19, led in the current fiscal year to a decrease
in equity of EUR 83 million from the creation of deferred taxes.
During the prior year, deferred taxes of EUR 275 million on
actuarial losses were taken into account, resulting in an increase
in equity. The change in deferred taxes on the effects recognized
in equity for derivative financial instruments and securities led
to a reduction of EUR 270 (278) million in equity in the course
of the year.
Deferred taxes posted directly in equity in the current fiscal year
are broken down in detail in the Statement of Comprehensive
Income.
10.1 / DEFERRED TAX ASSETS AND LIABILITIES ON RECOGNITION AND MEASUREMENT DIFFERENCES
RELATING TO INDIVIDUAL BALANCE SHEET ITEMS AND ON TAX LOSS CARRYFORWARDS
EUR million Deferred tax assets Deferred tax liabilities
Dec. 31, 2013 Dec. 31, 2012 1) Dec. 31, 2013 Dec. 31, 2012
Intangible assets 128 106 997 842
Property, plant and equipment 266 260 76 80
Long-term financial investments – 3 24 1
Inventories 39 42 42 8
Receivables and other assets 11 15 541 97
Other current assets 99 42 – –
Provisions for pensions 550 409 1 3
Liabilities and other provisions 1,552 1,429 19 17
Loss carryforwards 1 7 – –
Tax credits after impairment 33 53 – –
Gross value 2,678 2,366 1,700 1,047
of which non-current 1,280 1,449 1,325 957
Offsetting –1,184 –839 –1,184 –839
Consolidation measures 226 187 1 1
Carrying amount 1,720 1,713 517 208
1) Figures have been adjusted to reflect the revised IAS 19.