LensCrafters 2015 Annual Report Download - page 133

Notes to the consolidated financial statement as of December 31, 2015 Page 39 di 68
(in thousands of Euro)
Deferred tax liabilities
As of
January 1,
2015
Exchange
rate
difference
and other
movements
Business
combinations
Income
statements
Tax
charged/(credited)
to equity
As of
December 31,
2015
Dividends 12,899 — — (5,072) — 7,827
Trade names 216,175 20,673 — (17,894) — 218,955
Fixed assets 67,344 (2,014) — 13,927 — 79,257
Other intangibles 188,147 44,501 — (1,008) — 231,640
Other 17,190
(13,814) — 16,429 798 20,604
Total 501,755
49,346
—
6,382 798 558,283
Deferred income tax assets are recognized for tax loss carry- forwards to the extent that the realization of the related tax benefit
through future profit is probable. The Group did not recognize deferred income tax assets of Euro 44.5 million in respect of
losses amounting to Euro 101.6 million that can be carried forward against future taxable income and Euro 70.6 million that
can be indefinitely carried forward. The breakdown of the net operating losses by expiration date is as follows:
(in thousands of Euro)
Year ending December 31: Amount
2016 18,401
2017 21,037
2018 18,152
2019 22,761
2020 13,273
Subsequent years 7,976
Total 101,600
The Group does not provide for an accrual for income taxes on undistributed earnings of its non-Italian operations to the related
Italian parent company of Euro 3.6 billion and Euro 2.9 billion in 2015 and 2014, respectively, that are intended to be
permanently invested. In connection with the 2015 earnings of certain subsidiaries, the Group has provided for an accrual for
income taxes related to dividends from earnings to be paid in 2016.