Porsche 2009 Annual Report Download - page 181

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The reconciliation item “Recognition and measurement of deferred taxes” mainly contains
deferred taxes not recognized on unused tax losses and deductible temporary differences. In the
reporting period the item “Difference in tax base” mainly pertains to the tax exemption of profit/loss
from investments accounted for at equity.
The deferred tax assets and liabilities break down by balance sheet item as follows:
For non-current financial assets, deferred tax assets of €30 million (thereof continuing op-
erations: €0 million) were recorded directly in equity in the prior year. For the derivatives presented
within receivables and other assets and other liabilities, deferred tax assets of €162 million (thereof
continuing operations: €0 million) and for other current assets deferred tax assets of €12 million
(thereof continuing operations: €0 million) were recognized directly in equity.
Deferred tax assets Deferred tax liabilities
31/7/2010 31/7/2009 31/7/2010 31/7/2009
thereof thereof
€ million continuing
operations
continuing
operations
Intangible assets, property,
plant and equipment,
leased assets and investment
property 0 4,273 0 0 10,496 0
Non-current financial assets 0 933 0 0 9 0
Inventories 0 298 0 0 412 0
Receivables and other assets
(including financial services
division) 0 646 0 0 5,713 0
Other current assets 0 76 0 0 59 0
Unused tax losses 0 913 0 0 0 0
Provisions for pensions and
similar obligations 0 1,134 0 0 10 0
Other provisions 0 2,730 0 0 296 0
Liabilities 0 1,691 111 0 1,304 0
Valuation allowances on
deferred tax assets 0 – 7 0 0 0 0
Reversal of valuation allowances
on deferred tax assets 0 0 0 0 0 0
Gross value 0 12,687 111 0 18,299 0
Offsetting 0 – 11,352 0 0 – 11,352 0
Consolidation 0 308 0 0 – 111 0
Balance according to
consolidated balance sheet 0 1,643 111 0 6,836 0