Aer Lingus 2009 Annual Report Download - page 85

Download and view the complete annual report

Please find page 85 of the 2009 Aer Lingus annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 96

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96


Financial Statements Aer Lingus Group Plc – Annual Report 2009
25 Deferred tax [continued]
The movement in deferred tax assets and liabilities during the period, without taking into consideration the offsetting of balances
within the same tax jurisdiction, is as follows:
Deferred tax assets
Provisions Tax losses Total
€’000 €’000 €’000
At 1 January 2008 4,401 21,417 25,818
Credited to the income statement 6,014 2,156 8,170
At 31 December 2008 10,415 23,573 33,988
Credited to the income statement 5,527 12,565 18,092
At 31 December 2009 15,942 36,138 52,080
Deferred tax liabilities
Accelerated
tax
depreciation
Derivative
financial
instruments
Available-
for-sale
reserve Other Total
€’000 €’000 €’000 €’000 €’000
At 1 January 2008 37,889 (2,641) 564 8,154 43,966
Charged/(credited) to the income statement 1,481 2,606 – (8,093) (4,006)
(Credited)/charged directly to equity – (9,048) (369) 93 (9,324)
At 31 December 2008 39,370 (9,083) 195 154 30,636
Charged to the income statement 6,123 – – – 6,123
Charged/(credited) directly to equity – 10,756 (41) (149) 10,566
At 31 December 2009 45,493 1,673 154 5 47,325
Deferred tax (charged)/credited to equity during the period is as follows:
2009 2008
€’000 €’000
Fair value reserves in shareholders’ equity
– Cash flow hedging reserve (10,756) 9,048
– Revaluation reserve on available-for-sale financial assets 41 369
Share-based payment reserve 149 (93)
(10,566) 9,324
The Group is satisfied, based on expected future performance, that there is a reasonable basis on which to recognise the deferred
tax assets.