Page 38 - Kitron Annual Report 2011

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Notes to the consolidated financial statements
38
Kitron annual report 2011
Changes in deferred tax assets and deferred tax (with netting in same tax regime)
Deferred tax liabilities
Current assetsGain and loss accountFinancial leasing
Total
At 1 January 2010
-
596
158
754
Profit/(loss) for the period
2 121
1 081
(158)
3 044
Conversion differences
-
-
-
-
Deferred tax from disposal group
-
-
-
-
At 31 December 2010
2 121
1 677
-
3 798
Profit/(loss) for the period
5 503
(171)
-
5 332
Conversion differences
420
(3)
-
417
Deferred tax from disposal group
-
-
-
-
At 31 December 2011
8 044
1 503
-
9 547
Deferred tax asset
Provision and
Fixed assets
Loss carried
current assets
and goodwill
forward
Pension
Total
At 1 January 2010
5 624
10 235
77 905
5 971
99 735
Profit/(loss) for the period
(1 467)
(2 225)
296
(2 589)
(5 985)
Conversion differences
-
-
2 070
-
2 070
Deferred tax from disposal group
-
-
2 625
-
2 625
At 31 December 2010
4 157
8 010
82 896
3 382
98 445
Profit/(loss) for the period
(191)
(1 242)
6 307
(884)
3 990
Conversion differences
8
-
227
-
235
Deferred tax from disposal group
-
-
383
-
383
At 31 December 2011
3 974
6 768
89 813
2 498
103 053
Deferred tax assets related to tax loss carried forward is recognised in the balance sheet to the extent that it
is probable that the group can apply this against future taxable profit. Then group did not recognise deferred
tax assets of TNOK 15 200 (2010: TNOK 13 454) in respect of losses amounting to TNOK 62 800 (2010:
TNOK 50 473). There are no restrictions on the right to carry the tax loss forward.