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6B. DEFERRED TAX CONTINUED
Movements n 2013 and 2012
 mllon
As at
1 January
2013
 mllon
Income
statement
 mllon
Other
 mllon
As at
31 December
2013
€ million
As at
1 January
2012
(Restated)
€ million
Income
statement
€ million
Other
(Restated)
€ million
As at
31 December
2012
(Restated)
Pensions and similar obligations 750 5(315) 440 686 (39) 103 750
Provisions 619 96 (43) 672 661 105 (147) 619
Goodwill and intangible assets (1,436) 221 52 (1,163) (1,721) 92 193 (1,436)
Accelerated tax depreciation (623) (66) (8) (697) (668) (45) 90 (623)
Tax losses 134 12 1147 100 43 (9) 134
Fair value gains (21) (3) 7(17) (20) 6(7) (21)
Fair value losses 12 (17) –(5) 31 5(24) 12
Share-based payments 172 (8) 9173 118 64 (10) 172
Other 29 (3) (16) 10 47 66 (84) 29
(364) 237 (313) (440) (766) 297 105 (364)
At the balance sheet date, the Group has unused tax losses of €2,066 million (2012: €1,582 million) and tax credits amounting to
€390million (2012: €120 million) available for offset against future taxable profits. Deferred tax assets have not been recognised in
respect of unused tax losses of €1,641 million (2012: €1,234 million) and tax credits of €390 million (2012: €120 million), asit is not
probable that there will be future taxable profits within the entities against which the losses can be utilised. The majority of these tax
losses and credits arise in tax jurisdictions where they do not expire with the exception of €181 million (2012: €516 million) of state and
federal tax losses in the US which expire between now and 2031.
Other deductible temporary differences of €72 million (2012: €39 million) have not been recognised as a deferred tax asset. There is no
expiry date for these differences.
At the balance sheet date, the aggregate amount of temporary differences associated with undistributed earnings of subsidiaries for
which deferred tax liabilities have not been recognised was €1,306 million (2012: €1,449 million). No liability has been recognised in
respect of these differences because the Group is in a position to control the timing of the reversal of the temporary differences, and it
is probable that such differences will not reverse in the foreseeable future.
Deferred income tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against
current tax liabilities and when the deferred income taxes relate to the same fiscal authority. The following amounts, determined after
appropriate offsetting, are shown in the consolidated balance sheet:
Deferred tax assets and labltes
 mllon
Assets
2013
€ million
Assets
2012
(Restated)
 mllon
Labltes
2013
€ million
Liabilities
2012
(Restated)
 mllon
Total
2013
€ million
Total
2012
(Restated)
Pensions and similar obligations 368 551 72 199 440 750
Provisions 532 561 140 58 672 619
Goodwill and intangible assets 58 (111) (1,221) (1,325) (1,163) (1,436)
Accelerated tax depreciation (176) (175) (521) (448) (697) (623)
Tax losses 142 133 51147 134
Fair value gains 10 7(28) (28) (18) (21)
Fair value losses (11) 1711 (4) 12
Share-based payments 96 51 77 121 173 172
Other 65 32 (55) (3) 10 29
1,084 1,050 (1,524) (1,414) (440) (364)
Of which deferred tax to be recovered/(settled) after
more than 12 months 896 725 (1,563) (1,378) (667) (653)
107Unlever Annual Report and Accounts 2013 Fnancal statements