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089088
2014 Samsung Electronics Annual Report2014 Samsung Electronics Annual Report
(2) 2013 (In millions of Korean won)
Temporary Differences Deferred Income Tax Assets (Liabilities)
Balance as at
January 1
Increase
(Decrease)
Balance as at
December 31
Balance as at
January 1
Increase
(Decrease)
Balance as at
December 31
Deferred tax arising from temporary
differences
Special reserves appropriated
for tax purposes
₩(33,097)₩5,312 ₩(27,785) ₩(8,010) ₩1,286 ₩(6,724)
Revaluation of land (3,477,691) 1,587 (3,476,104) (841,601) 384 (841,217)
Investments in subsidiaries, associates
and joint ventures1
(25,263,866) (2,555,796) (27,819,662) (3,682,268) (318,359) (4,000,627)
Depreciation 1,237,393 (402,647)834,746 193,344 (57,968)135,376
Accrued income (124,177) (179,613) (303,790) (28,163) (44,682) (72,845)
Provisions and accrued expenses 10,362,208 1,983,485 12,345,693 2,556,845 596,301 3,153,146
Foreign currency translation (13,260) (168,042) (181,302) (5,967) (38,058) (44,025)
Asset impairment losses 90,656 251,433 342,089 16,524 65,375 81,899
Assets held-for-sale -7,527,869 7,527,869 -1,821,744 1,821,744
Other (894,234) (10,818,680) (11,712,914) (171,750) (2,527,473) (2,699,223)
Subtotal ₩(18,116,068)₩(4,355,092)₩(22,471,160)₩(1,971,046)₩(501,450)₩(2,472,496)
Deferred tax arising from carryforwards
Unused tax losses ₩130,992 ₩(23,764)₩107,228 ₩27,811 ₩(2,805)₩25,006
Unused tax credits 1,316,509 25,141 1,341,650 1,260,107 52,085 1,312,192
Deferred tax recognized in other
comprehensive income
Valuation of available-for-sale financial
instruments
₩(2,581,628)₩(306,252)₩(2,887,880)₩(580,092)₩(84,080)₩(664,172)
Actuarial valuation 1,471,318 247,136 1,718,454 349,833 59,046 408,879
Subtotal ₩(1,110,310)₩(59,116)₩(1,169,426)₩(230,259)₩(25,034)₩(255,293)
Deferred tax assets ₩4,621,780
Deferred tax liabilities (6,012,371)
Total ₩(1,390,591)
1 Deferred tax assets were not recognized if it is probable that the temporary differences will not reverse in the foreseeable future for investments in subsidiaries, associates and joint ventures.
The Group periodically assesses its ability to recover deferred tax assets. In the event of a significant uncertainty regarding the Group’s ultimate ability to recover such assets,
deferred tax assets are recognized only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilized.
Temporary differences whose deferred tax effects were not recognized due to uncertainty regarding the ultimate realizability of such assets as at December 31, 2014 and 2013,
are as follows: (In millions of Korean won)
2014 2013
Unused tax losses ₩7,366 ₩12,196
Unused tax credits 19,632 30,098
Expiry dates of unused tax losses and unused tax credits for which no deferred tax asset is recognized in the balance sheet are as follows: (In millions of Korean won)
2015 2016 2017 2018 and after
Undisposed accumulated deficit ₩- ₩- ₩- ₩7,366
Tax credit carryforwards 3,978 - 12,812 2,842