Audi 2015 Annual Report Download - page 243

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE INCOME STATEMENT
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Loss carryforwards total EUR 3,445 (3,170) million, of
which 97 (47) million may be used indefinitely, with EUR
3,349 (3,123) million to be used within the next ten years
(eleven years in the previous year). Overall, loss carryforwards
in the amount of EUR 3,183 (3,117) million were classed as
unusable. In the 2015 fiscal year, the realization of tax losses
led to a reduction in current income tax expense of EUR 1 (1)
million. Deferred tax assets of EUR 362 (482) million relating
to tax loss carryforwards and tax concessions were not report-
ed due to impairment.
No deferred tax claims were recorded for deductible temporary
differences of EUR 160 (160) million or for tax concessions in
the amount of EUR 12 (101) million.
Deferred tax liabilities of EUR 28 (34) million for temporary
differences and non-distributed profits of AUDI AG subsidiaries
were not recorded due to the existence of control pursuant to
IAS 12.39.
Deferred taxes of EUR 9 (13) 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 companies concerned are expecting to record a positive tax
income in future.
Of the deferred taxes reported in the Balance Sheet, a total of
EUR 285 (995) million was recorded in the current fiscal year
with a resulting increase in equity, without influencing the
Income Statement.
The recording of actuarial profits without affecting profit or
loss, pursuant to IAS 19, led to an decrease in equity of
EUR 133 million in the current fiscal year from the creation of
deferred taxes. During the previous year, deferred taxes of
EUR 401 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 an increase of EUR 418 (594)
million in equity during 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 Compre-
hensive 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, 2015 Dec. 31, 2014 Dec. 31, 2015 Dec. 31, 2014
Intangible assets 112 127 1,285 1,158
Property, plant and equipment 293 289 66 72
Long-term financial investments – – 42 41
Inventories 63 49 26 17
Receivables and other assets 361 81 369 550
Other current assets 136 114 0 0
Provisions for pensions 872 985 – –
Liabilities and other provisions 2,356 2,288 27 15
Impairment losses on deferred tax assets from temporary differences – 86 – 189 – –
Temporary differences after impairment 4,108 3,742 1,815 1,854
Loss carryforwards after impairment 79 16 – –
Tax credits after impairment 119 10 – –
Value before consolidation and balancing 4,305 3,768 1,815 1,854
of which non-current 2,695 1,702 1,501 1,289
Offsetting – 1,626 –1,643 –1,626 – 1,643
Consolidation measures 260 226 3 0
Carrying amount 2,939 2,351 192 211