LensCrafters 2015 Annual Report Download - page 131

Notes to the consolidated financial statement as of December 31, 2015 Page 37 di 68
13. OTHER NON-CURRENT ASSETS
As of December 31
(in thousands of Euro) 2015 2014
Other financial assets 84,800 83,739
Other assets 20,774
40,109
Total other non-current assets 105,574
123,848
Other financial assets primarily include security deposits totaling Euro 38.8 million (Euro 33.7 million as of
December 31, 2014).
Other assets primarily include advance payments made to certain licensees for future contractual minimum royalties totaling
Euro 20.8 million (Euro 40.1 million as of December 31, 2014). The decrease is mainly due to the reclassification to other
current assets of royalties due in 2016.
14. DEFERRED TAX ASSETS AND DEFERRED TAX LIABILITIES
The balance of deferred tax assets and liabilities as of December 31, 2015 and December 31, 2014 is as follows:
As of December
(in thousands of Euro) 2015
2014
Deferred tax assets 174,433 188,199
Deferred tax liabilities 277,327
266,896
Deferred tax liabilities (net) 102,894
78,697
The analysis of deferred tax assets and deferred tax liabilities, without taking into consideration the offsetting of balances
within the same tax jurisdiction, is as follows:
As of December 31
(in thousands of Euro) 2015
2014
Deferred tax assets to be recovered within 12 months 250,465 199,085
Deferred tax assets to be recovered after 12 months 204,923
223,974
455,388 423,059
Deferred tax liabilities to be recovered within 12 months 15,094 17,253
Deferred tax liabilities to be recovered after 12 months 543,189
484,502
558,283 501,755
Deferred tax liabilities (net) 102,894
78,697
The gross movement in the deferred income tax accounts is as follows:
(in thousands of Euro) 2015
2014
As of January 1 78,697 95,455
Exchange rate difference and other movements 43,463 29,345
Business combinations — 535
Income statements (13,609) (10,901)
Tax charge/(credit) directly to equity (5,658)
(35,737)
At December 31 102,894
78,697
The movement of deferred income tax assets and liabilities during the year, without taking into consideration the offsetting of