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6B. DEFERRED TAX ONTINUED
Movements n 2015 and 2014
mllon
As at
1 January
2015
mllon
Income
statement
mllon
Other
mllon
As at
31 December
2015
mllon
As at
1 January
2014
mllon
Income
statement
mllon
Other
mllon
As at
31 December
2014
Pensons and smlar oblgatons 874 (23) (294) 557 440 (36) 470 874
Provsons 657 144 (93) 708 672 (9) (6) 657
oodwll and ntangble assets (1,292) 8 (17) (1,301) (1,163) (1) (128) (1,292)
Accelerated tax deprecaton (753) 7 (6) (752) (697) (30) (26) (753)
Tax losses 123 14 (14) 123 147 3 (27) 123
Far value gans (10) (2) (13) (25) (17) 6 1 (10)
Far value losses 10 (62) 68 16 (5) 5 10 10
Share-based payments 172 (2) 20 190 173 (2) 1 172
Other (29) 4 (50) (75) 10 (24) (15) (29)
(248) 88 (399) (559) (440) (88) 280 (248)
At the balance sheet date, the roup had unused tax losses of 3,338 mllon (2014 2,664 mllon) and tax credts amountng to
629 mllon (2014 441 mllon) avalable for offset aganst future taxable profts Deferred tax assets have not been recognsed n
respect of unused tax losses of 2,941 mllon (2014 2,371 mllon) and tax credts of 629 mllon (2014 441 mllon), as t s not
probable that there wll be future taxable profts wthn the enttes aganst whch the losses can be utlsed The maorty of these tax
losses and credts arse n tax ursdctons where they do not expre wth the excepton of 1,790 mllon (2014 1,192 mllon) comprsng
corporate ncome tax losses n the Netherlands whch expre between now and 2024 and state and federal tax losses n the US whch
expre between now and 2034
Other deductble temporary dfferences of 67 mllon (2014 67 mllon) have not been recognsed as a deferred tax asset There s
no expry date for these dfferences
At the balance sheet date, the aggregate amount of temporary dfferences assocated wth undstrbuted earnngs of subsdares for
whch deferred tax labltes have not been recognsed was 1,505 mllon (2014 1,566 mllon) No lablty has been recognsed n
respect of these dfferences because the roup s n a poston to control the tmng of the reversal of the temporary dfferences, and
t s probable that such dfferences wll not reverse n the foreseeable future
Deferred tax assets and labltes are offset when there s a legally enforceable rght to set off current tax assets aganst current tax
labltes and when the deferred ncome taxes relate to the same fscal authorty The followng amounts, determned after approprate
offsettng, are shown n the consoldated balance sheet
Deferred tax assets and labltes
mllon
Assets
2015
mllon
Assets
2014
mllon
Labltes
2015
mllon
Labltes
2014
mllon
Total
2015
mllon
Total
2014
Pensons and smlar oblgatons 434 564 123 310 557 874
Provsons 516 515 192 142 708 657
oodwll and ntangble assets 126 127 (1,427) (1,419) (1,301) (1,292)
Accelerated tax deprecaton (66) (113) (686) (640) (752) (753)
Tax losses 96 88 27 35 123 123
Far value gans 12 14 (37) (24) (25) (10)
Far value losses (5) (8) 21 18 16 10
Share-based payments 59 85 131 87 190 172
Other 13 14 (88) (43) (75) (29)
1,185 1,286 (1,744) (1,534) (559) (248)
Of whch deferred tax to be recovered/(settled) after
more than 12 months 856 1,037 (1,811) (1,586) (955) (549)
107Unilever Annual Report and Accounts 2015 Financial statements