16. Deferred tax assets and liabilities

Changes to deferred tax assets and liabilities in 2015 are as follows:

M €

1 Jan 2015

Recognised

in

profit and loss

Recognised

in other comprehensive income

Other

changes

31 Dec 2015

 

Deferred tax assets

      

Confirmed losses

 

1.3

  

1.3

 

Cash flow hedges

9.1

 

-0.9

 

8.2

 

Electricity derivatives measured

      

at fair value

0.2

0.1

  

0.2

 

Other items/transfers

2.5

-0.3

  

2.2

 

Total

11.8

1.1

-0.9

0.0

12.0

 
       

Deferred tax liabilities

      

Investment properties measured

      

at fair value

405.3

24.3

  

429.6

 

Financial instruments measured

      

at fair value

0.3

 

-0.3

 

0.0

 

Other items/transfers

0.2

   

0.2

 

Total

405.9

24.3

-0.3

0.0

429.8

 
       

M €

1 Jan 2014

Recognised

in

profit and loss

Recognised

in other comprehensive income

Other

changes

31 Dec 2014

 

Deferred tax assets

      

Confirmed losses

0.6

-0.6

  

0.0

 

Cash flow hedges

5.2

 

3.9

 

9.1

 

Electricity derivatives measured

      

at fair value

0.2

   

0.2

 

Other items/transfers

1.4

1.1

  

2.5

 

Total

7.4

0.5

3.9

0.0

11.8

 
       

Deferred tax liabilities

      

Investment properties measured

      

at fair value

392.4

12.7

 

0.2

405.3

 

Financial instruments measured

      

at fair value

0.2

 

0.1

 

0.3

 

Other items/transfers

0.2

   

0.2

 

Total

392.8

12.7

0.1

0.2

405.9

 
       

Expiration years for unrecognised confirmed losses

      

Year of expiration

2016-2017

2018-2019

2020-2021

2022-2023

2024-2025

Yhteensä

Confirmed losses

0.2

0.4

2.2

2.1

0.2

5.1

Unrecognised defered tax

0.0

0.1

0.4

0.4

0.0

1.0

       

Unrecognised deferred taxes include EUR 0.7 million of tax assets from tax losses carried forward for properties transferred to Non-current assets held for sale.

 

 

© VVO Group plc 2015