42
23. Deferred taxes Deferred taxes changed as follows:
CHF 1 000
2009
2008
43 498 50 346 6 848
36 827 47 457 10 630
Restatement IAS 38 Deferred taxes as at 1 January (net) after Restatement
– 6 848
– 1 353 9 277
Changes recognised in the income statement Changes not recognised in the income statement Acquisitions Translation differences Deferred taxes as at 31 December (net)
– 544 – 4 078 570 579 3 375
– 5 256 2 862 4 209 – 4 244 6 848
39 684 43 059
43 498 50 346
Deferred tax assets Deferred tax liabilities Deferred taxes as at 1 January (net) before Restatement
Deferred tax assets Deferred tax liabilities
At year-end the cumulative deferred taxes recognised directly in equity amounted to CHF 1.1 million (2008: CHF – 2.9 million). They arise largely from the positive and negative current market values of the currency and fuel price hedging contracts classified as cash flow hedges. Deferred taxes are derived from the following statement of financial position items:
CHF 1 000
Current assets Tangible fixed assets Other non-current assets Accrued expenses and provisions Deferred taxes deriving from timing differences Netting of deferred taxes within each Group company Deferred taxes deriving from timing differences (net) Tax effect on undistibuted retained earnings of subsidiaries Deferred taxes on recognised tax loss carry-forwards Total
Deferred tax assets 31 Dec 2009
Deferred tax liabilities 31 Dec 2009
Deferred tax assets 31 Dec 2008
Deferred tax liabilities 31 Dec 2008
Deferred tax assets 1 Jan 2008
Deferred tax liabilities 1 Jan 2008
765 1 595 14 12 880 15 254
6 157 5 508 29 445 2 371 43 481
752 844 1 008 23 087 25 691
22 623 6 138 26 757 2 960 58 478
1 179 1 680 586 11 762 15 207
8 069 7 686 29 488 2 717 47 960
– 10 061 5 193
– 10 061 33 420
– 16 746 8 945
– 16 746 41 732
– 9 283 5 924
– 9 283 38 677
9 639 34 491 39 684
43 059
8 614 34 553 43 498
50 346
8 814 32 290 38 214
47 491