Chrysler 2013 Annual Report Download - page 293

292 Fiat S.p.A.
Statutory Financial
Statements
at 31 December 2013
Notes
A breakdown of deferred tax liabilities, net of deferred tax assets, is provided in the following table:
(€ thousand)
31 December
2012
Recognized
in income
statement
Charged to
equity
31 December
2013
Deferred tax assets arising from:
- Taxed provisions and other minor differences 28,935 19,696 - 48,631
Total deferred tax assets 28,935 19,696 - 48,631
Deferred tax liabilities arising from:
- Measurement of construction contracts by the percentage completion method (48,319) 170 - (48,149)
- Others (927) (1,920) - (2,847)
Total deferred tax liabilities (49,246) (1,750) - (50,996)
Theoretical tax benefit arising from tax loss carryforwards 216,560 51,629 - 268,189
Adjustments for assets whose recoverability is not probable (208,445) (69,575) - (278,020)
Total deferred tax liabilities, net of deferred tax assets (12,196) - - (12,196)
Determination of deferred tax assets is based on an analysis of the existence of the conditions for their future realization, using updated
plans and related tax aspects. As a consequence, the total theoretical future tax benefit arising from deductible temporary differences
(€48,631 thousand at 31 December 2013 and €28,935 thousand at 31 December 2012) and tax loss carryforwards (€268,189 thousand
at 31 December 2013 and €216,560 thousand at 31 December 2012) was reduced by €278,020 thousand at 31 December 2013
(€208,445 thousand at 31 December 2012).
Total temporary differences (deductible and taxable) and tax losses at 31 December 2013 and amounts for which deferred tax assets have not
been recognized, broken down by year of expiry, are as follows:
Year of expiry
(€ thousand)
Total at
31 December
2013 2014 2015 2016 2017
Beyond
2017
Non-expiring/
undeterminable
Temporary differences and tax losses relating to IRES:
-Deductible temporary differences 176,837 176,837 - - - - -
- Taxable temporary differences (155,820) (82,167) (73,653) - - - -
- Tax losses 975,233 - - - - - 975,233
- Temporary differences and tax losses for which deferred tax assets
have not been recognized (1,010,981) (94,670) - - - - (916,311)
Temporary differences and tax losses subject to national taxation (14,731) - (73,653) - - - 58,922
Temporary differences relating to IRAP:
- Deductible temporary differences -- - - - -
- Taxable temporary differences (146,225) (82,823) (63,402) - - - -
Temporary differences and tax losses subject to local taxation (146,225) (82,823) (63,402) - - - -