The movement in deferred tax assets and liabilities (prior to offsetting balances within the same tax jurisdiction) during the year is as follows:
(all amounts in Euro thousands)
Group
|
1 January 2016 |
Debit/(Credit) to net profit |
Debit/(Credit) to equity through statement OCI |
Additions due to acquisition of joint venture (note 30) |
Fair value adjustments due to joint venture acquisition (note 30) |
Exchange differences |
31 December 2016 |
| Deferred tax liabilities (before set - offs) |
| Property, plant and equipment |
212,717 |
189 |
- |
1,605 |
2,062 |
-49,512 |
167,061 |
| Mineral deposits |
33,588 |
-785 |
- |
- |
- |
1,063 |
33,866 |
| Intangible assets |
47,372 |
3,432 |
- |
- |
- |
-3,343 |
47,461 |
| Unrealized foreign exchange differences |
9,149 |
-1,254 |
-9,039 |
- |
- |
1,082 |
-62 |
| Provisions |
1,454 |
2 |
- |
- |
- |
-1 |
1,455 |
| Long term borrowings |
31 |
-31 |
- |
- |
- |
- |
- |
| Investments |
2,756 |
-1,403 |
- |
- |
- |
39 |
1,392 |
| Receivables and prepayments |
351 |
- |
- |
- |
- |
- |
351 |
| Trade and other payables |
417 |
218 |
- |
- |
- |
- |
635 |
| Available for sale financial assets |
40 |
- |
-40 |
- |
- |
- |
- |
| Prepaid expenses |
1,367 |
61 |
- |
- |
- |
48 |
1,476 |
| Cash and cash equivalents |
- |
131 |
- |
- |
- |
- |
131 |
| Other |
1,948 |
-431 |
150 |
- |
- |
-196 |
1,471 |
| |
311,190 |
129 |
-8,929 |
1,605 |
2,062 |
-50,820 |
255,237 |
| Deferred tax assets (before set - offs) |
| Intangible assets |
-10,534 |
2,624 |
- |
- |
- |
-215 |
-8,125 |
| Investments & other non-current receivables |
-3,500 |
-98 |
- |
- |
- |
- |
-3,598 |
| Inventories |
-4,169 |
-20 |
- |
- |
- |
-24 |
-4,213 |
| Post-employment and termination benefits |
-10,225 |
973 |
-775 |
- |
- |
-106 |
-10,133 |
| Receivables and prepayments |
-8,352 |
85 |
- |
- |
- |
-97 |
-8,364 |
| Tax losses carried forward (note 8) |
-74,146 |
-82,684 |
- |
- |
- |
624 |
-156,206 |
| Interest expense tax carried forward |
-13,336 |
12,930 |
- |
- |
- |
184 |
-222 |
| Deferred income |
-938 |
-296 |
- |
- |
- |
-46 |
-1,280 |
| Lease obligations |
-4,941 |
-1,873 |
- |
- |
- |
-256 |
-7,070 |
| Government grants and other non current liabilities |
-1,186 |
63 |
- |
- |
- |
- |
-1,123 |
| Provisions and accrued expenses |
-16,630 |
-3,734 |
- |
- |
- |
1,357 |
-19,007 |
| Trade and other payables |
-25 |
17 |
- |
- |
- |
- |
-8 |
| Other |
-228 |
15 |
- |
- |
- |
-49 |
-262 |
|
-148,210 |
-71,998 |
-775 |
- |
- |
1,372 |
-219,611 |
| Net deferred tax liability |
162,980 |
-71,869 |
-9,704 |
1,605 |
2,062 |
-49,448 |
35,626 |
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.