Airbus 2015 Annual Report Download - page 214

AIRBUS GROUP FINANCIAL STATEMENTS 2015 l 32 l
Notes to the IFRSConsolidatedFinancialStatements
2.4 Group Performance
Roll forward of deferred taxes:
(In € million) 2015 2014
Net deferred tax asset beginning of the year 4,587 2,279
Deferred tax (expense) in income statement (16) (317)
Deferred tax recognised directly in AOCI (IAS39) 1,112 1,961
Deferred tax on remeasurement of the net defined benefit liability (235) 577
Others 111 87
Net deferred tax asset at year-end 5,559 4,587
Details of deferred taxes recognised cumulatively in equity are as follows:
31December
(In € million) 2015 2014
Available-for-sale investments (86) (51)
Cash flow hedges 2,612 1,465
Deferred tax on remeasurement of the net defined benefit liability 1,313 1,548
Total 3,839 2,962
Deferred income taxes as of 31December 2015 are related to the following assets and liabilities:
(In € million)
1January 2015 Other movements Movement through income statement 31December 2015
Deferred
tax
assets
Deferred
tax
liabilities OCI/ IAS19 Others(1)
R&D
tax
credits
Deferred
tax benefit
(expense)
Deferred
tax
assets
Deferred
tax
liabilities
Intangible assets 50 (475) 0(1) 0(59) 53 (538)
Property, plant and equipment 490 (1,355) 0(10) 0354 832 (1,353)
Investments and other long-term
financial assets 332 (167) (35) 80 0(181) 186 (157)
Inventories 1,219 (457) 0(8) 0(173) 1,333 (752)
Receivables and other assets 397 (2,267) (115) (1) 0208 837 (2,615)
Prepaid expenses 2 0 0 0 0 0 3(1)
Provision for retirement plans 1,897 0(235) 13 0(156) 1,519 0
Other provisions 2,422 (498) 0(2) 0(550) 1,999 (627)
Liabilities 2,335 (871) 1,389 1 0 713 4,007 (440)
Deferred income 53 (22) 0 0 0 (7) 98 (74)
Net operating loss and tax credit
carry forwards 2,080 0 0 82 (51) (262) 1,849 0
Deferred tax assets(liabilities)
beforeoffsetting 11,277 (6,112) 1,004 154 (51) (113) 12,716 (6,557)
Valuation allowances on deferred
tax assets (578) 0(127) 8 0 97 (600) 0
Set-off (4,982) 4,982 0 0 0 0 (5,357) 5,357
Net deferred tax
assets(liabilities) 5,717 (1,130) 877 162 (51) (16) 6,759 (1,200)
(1) “Others” mainly comprises changes in the consolidation scope and foreign exchange rate effects.
Financial Statements 2015
11 22 33 44 55
QRegistration Document 2015
Annual Report 2015 Financial Statements 2015