Chrysler 2013 Annual Report Download - page 162

161
Consolidated
Financial Statements
at 31 December 2013
Changes in net deferred tax assets of €1,678 million are mainly due to the following:
recognition of a net benefit of €1,570 million arising on previously unrecognized Deferred tax assets and the recognition of Deferred tax
assets on temporary differences arising during the year, net of write-down of deferred tax relating to previous years;
recognition directly to Equity of net deferred tax assets of €212 million;
exchange rate differences and other changes for a negative amount of €99 million.
The significant components of Deferred tax assets and liabilities and their changes during the year are as follows:
(€ million)
At 31
December
2012
Recognized
in Income
statement
Charged to
equity
Changes in
the scope of
consolidation
Translation
differences
and other
changes
At 31
December
2013
Deferred tax asset arising on:
Provisions 2,911 368 - 3 (353) 2,929
Provision for employee benefits 1,022 137 18 - (47) 1,130
Intangible assets 381 (38) - 1 (1) 343
Impairment of financial assets 228 13 - - (50) 191
Inventories 264 (1) - 1 (4) 260
Allowances for doubtful accounts 90 18 - - 2 110
Other 1,457 (223) - 2 (26) 1,210
Total 6,353 274 18 7 (479) 6,173
Deferred tax liabilities arising on:
Accelerated depreciation (1,354) (128) - 1 77 (1,404)
Capitalization of development costs (1,211) (252) - - 47 (1,416)
Brands and other intangibles (784) 48 - (17) 113 (640)
Provision for employee benefits (21) - - (1) 2 (20)
Other (527) 53 (23) (2) (63) (562)
Total (3,897) (279) (23) (19) 176 (4,042)
Deferred tax asset arising on tax loss carry-forward 3,399 437 - 7 (33) 3,810
Unrecognized deferred tax assets (4,918) 1,138 217 - 237 (3,326)
Total net Deferred tax assets 937 1,570 212 (5) (99) 2,615