Porsche 2012 Annual Report Download - page 195

The reconciliation item “Recognition and measurement of deferred taxes” mainly contains
deferred taxes not recognized on unused tax losses and deductible temporary differences and,
conversely, the additional recognition of deferred tax assets on unused tax losses (€9 million). In
the reporting period the item “Difference in tax base” mainly relates to the tax exemption of
profit/loss from investments accounted for at equity and the effects in connection with the prep-
aration of execution of the contribution of the holding business operations, including the related
deconsolidation entries. The taxes relating to other periods essentially result from the use for the
first time of unused tax losses.
The deferred tax assets and liabilities break down by item in the balance sheet as follows:
[8] Profit/loss attributable to non-controlling interests
The profit/loss attributable to non-controlling interests, which is allocable to the investors in
hybrid capital prior to its disposal as a result of the contribution of the business operations
(please also see section “Consolidated group” in these notes), amounts to €11 million
(prior year: €22 million).
Deferred tax assets Deferred tax liabilities
€ million 31/12/2012 31/12/2011 31/12/2012 31/12/2011
Investments accounted for at equity 0 0 90 54
Other receivables and assets 0 0 1 0
Unused tax losses 55 46 0 0
Provisions for pensions and similar obligations 0 1 0 0
Other provisions 1 3 0 0
Other liabilities 0 0 0 4
Valuation allowances on deferred tax assets 0 0 0 0
Reversal of an impairment loss on
deferred tax assets 0 0 0 0
Gross value 56 50 91 58
Offsetting – 56 – 50 – 56 – 50
Balance according to consolidated balance sheet 0 0 35 8
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