ING Bank Śląski | Annual Report 2014

ING BANK ŚLĄSKI

ING BANK ŚLĄSKIAnnual Report 2014

Financial results
Selected quarterly data

Selected quarterly data for past 8 years are available for download in XLS file

Download
Interactive tables

Compare the presented data over the years and in the form of graphs

VIEW

26. Deferred tax

Movements in temporary differences during the year

2014
  Balance as
of 01 Jan 2014
Changes charged to
the financial result
Changes charged
to equity
Balance as
of 31 Dec 2014
Deferred tax assets        
Interest accrued 34.3 3.8 0.0 38.1
Revaluation -39.2 -0.9 -80.9 -121.0
Impairment losses on credit receivables -139.3 16.2 0.0 -123.1
Other provisions -49.3 0.0 0.0 -49.3
Employee benefits -33.4 -3.9 0.0 -37.3
Correction due to effective interest rate -11.5 0.6 0.0 -10.9
Tax losses -0.3 -0.8 0.0 -1.1
Operating Lease valuation -23.5 -6.8 0.0 -30.3
Finance Lease valuation -4.8 -3.6 0.0 -8.4
Acquisition a subsidiary -91.2 0.0 0.0 -91.2
Other -18.5 0.0 0.0 -18.5
Total -376.7 4.6 -80.9 -453.0
         
Deferred tax provision        
Interest accrued 74.7 -38.0 0.0 36.7
Settlement of the difference between tax and balance sheet depreciation 13.0 -8.8 0.0 4.2
Settlement of prepayments/accruals due to depreciation/ amortisation resulting from the investment relief enjoyed 6.4 -0.6 0.0 5.8
Revaluation 161.6 14.8 397.7 574.1
Operating Lease valuation -16.4 0.0 0.0 -16.4
Finance Lease valuation -59.4 0.0 0.0 -59.4
Acquisition a subsidiary 77.7 0.0 0.0 77.7
Other 2.8 4.3 0.0 7.1
Total 260.4 -28.3 397.7 629.8
         
Deferred tax disclosed in the balance sheet, of which: -116.3 -23.7 316.8 176.8
- deferred tax assets       -58.0
- deferred tax provision       234.8

 

2013
  Balance as
of 01 Jan 2013
Changes charged to
the financial result
Changes charged
to equity
Balance as
of 31 Dec 2013
Deferred tax assets        
Interest accrued 24.8 9.5 0.0 34.3
Revaluation -55.5 -0.2 16.5 -39.2
Impairment losses on credit receivables -120.1 -19.2 0.0 -139.3
Other provisions -38.5 -10.8 0.0 -49.3
Employee benefits -26.3 -7.1 0.0 -33.4
Correction due to effective interest rate -11.9 0.4 0.0 -11.5
Tax losses 0.2 -0.5 0.0 -0.3
Operating Lease valuation -6.7 -16.8 0.0 -23.5
Finance Lease valuation -5.8 1.0 0.0 -4.8
Acquisition a subsidiary -91.2 0.0 0.0 -91.2
Other -18.5 0.0 0.0 -18.5
Total -349.5 -43.7 16.5 -376.7
         
Deferred tax provision        
Interest accrued 32.8 41.9 0.0 74.7
Settlement of the difference between tax and balance sheet depreciation 12.4 0.6 0.0 13.0
Settlement of prepayments/accruals due to depreciation/ amortisation resulting from the investment relief enjoyed 7.8 -1.4 0.0 6.4
Revaluation 289.0 0.7 -128.1 161.6
Operating Lease valuation -15.2 -1.2 0.0 -16.4
Finance Lease valuation -59.4 0.0 0.0 -59.4
Acquisition a subsidiary 77.7 0.0 0.0 77.7
Other -4.9 7.7 0.0 2.8
Total 340.2 48.3 -128.1 260.4
         
Deferred tax disclosed in the balance sheet, of which: -9.3 4.6 -111.6 -116.3
- deferred tax assets       -118.6
- deferred tax provision       2.3

Unrecognised deferred tax assets

Unrecognised assets due to deferred tax are related to provisions whose recovery will not become probable. The amount of unrecognized temporary differences thereunder amounted as at the end of 2014 was PLN 16.5 million (expiry date of temporary differences: 2016) compared to PLN 1.8 million as at the end of 2013 (expiry date of temporary differences: 2015). 

Deferred tax recognised directly in equity

  end of 2014 end of 2013
Revaluation of available-for-sale financial assets 131.7 64.2
Revaluation of property, plant and equipment 7.4 10.1
Revaluation of cash flow hedging instruments 299.8 48.1
Actuarial gains/losses 0.8 0.5
Total 439.7 122.9

 

Briefcase

Your place for bookmarking and printing favourite pages

In Briefcase: page(s)

Your favourite pages Notes      
Your favourite pages Notes      

Send your comments to this Report

×