Page 55 - PowerPoint Presentation

CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS

Calculations

• COMMENT

• Deferred tax is not recognised on the indemnification

asset since the carrying amount and tax base of the

indemnification asset is equal (the economic benefits

from the indemnification asset will not be taxable in the

future) (IAS 12.7).

• Deferred tax is not recognised on the recognised

contingent liability (indemnification item) since the

carrying amount and tax base of the liability is equal.

• The tax base of the contingent liability is its carrying
amount minus amounts that will be tax deductible in the

future. In this case no amounts will be deductible in the

future in respect of this liability, therefore the carrying

amount and tax base is equal (IAS 12.8).

55