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6B. DEFERRED TAX ONTINUED
Movements n 2015 and 2014
 mllon
As at
1 January
2015
 mllon
Income
statement
 mllon
Other
 mllon
As at
31 December
2015
 mllon
As at
1 January
2014
 mllon
Income
statement
 mllon
Other
 mllon
As at
31 December
2014
Pensons and smlar oblgatons 874 (23) (294) 557 440 (36) 470 874
Provsons 657 144 (93) 708 672 (9) (6) 657
oodwll and ntangble assets (1,292) 8 (17) (1,301) (1,163) (1) (128) (1,292)
Accelerated tax deprecaton (753) 7 (6) (752) (697) (30) (26) (753)
Tax losses 123 14 (14) 123 147 3 (27) 123
Far value gans (10) (2) (13) (25) (17) 6 1 (10)
Far 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 mllon (2014 2,664 mllon) and tax credts amountng to
629 mllon (2014 441 mllon) avalable for offset aganst future taxable profts Deferred tax assets have not been recognsed n
respect of unused tax losses of 2,941 mllon (2014 2,371 mllon) and tax credts of 629 mllon (2014 441 mllon), as t s not
probable that there wll be future taxable profts wthn the enttes aganst whch the losses can be utlsed The maorty of these tax
losses and credts arse n tax ursdctons where they do not expre wth the excepton of 1,790 mllon (2014 1,192 mllon) comprsng
corporate ncome tax losses n the Netherlands whch expre between now and 2024 and state and federal tax losses n the US whch
expre between now and 2034
Other deductble temporary dfferences of 67 mllon (2014 67 mllon) have not been recognsed as a deferred tax asset There s
no expry date for these dfferences
At the balance sheet date, the aggregate amount of temporary dfferences assocated wth undstrbuted earnngs of subsdares for
whch deferred tax labltes have not been recognsed was 1,505 mllon (2014 1,566 mllon) No lablty has been recognsed n
respect of these dfferences because the roup s n a poston to control the tmng of the reversal of the temporary dfferences, and
t s probable that such dfferences wll not reverse n the foreseeable future
Deferred tax assets and labltes are offset when there s a legally enforceable rght to set off current tax assets aganst current tax
labltes and when the deferred ncome taxes relate to the same fscal authorty The followng amounts, determned after approprate
offsettng, are shown n the consoldated balance sheet
Deferred tax assets and labltes
 mllon
Assets
2015
 mllon
Assets
2014
 mllon
Labltes
2015
 mllon
Labltes
2014
 mllon
Total
2015
 mllon
Total
2014
Pensons and smlar oblgatons 434 564 123 310 557 874
Provsons 516 515 192 142 708 657
oodwll and ntangble assets 126 127 (1,427) (1,419) (1,301) (1,292)
Accelerated tax deprecaton (66) (113) (686) (640) (752) (753)
Tax losses 96 88 27 35 123 123
Far value gans 12 14 (37) (24) (25) (10)
Far 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 whch 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