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LLB Annual Report 2020 de

25 Deferred taxes

in CHF thousands

As at 1 January

Amount recognised in the income statement

Amount recognised in other comprehensive income *

As at 31 December

Deferred tax assets

 

 

 

 

2019

 

 

 

 

Tax losses carried forward

2'909

– 2'909

0

– 0

Recognised rights of use from leases

0

36

– 1

36

Property and equipment

4'178

198

– 42

4'334

Liability for pension plans

14'332

– 937

279

13'675

Intangible assets

123

– 107

– 4

13

Derivative financial instruments

3'609

– 941

17

2'685

Expected credit losses

2'351

– 1'008

– 85

1'258

Total deferred tax assets

27'502

– 5'666

164

21'999

Offsetting

 

 

 

– 6'461

Total after offsetting

 

 

 

15'538

 

 

 

 

 

2020

 

 

 

 

Tax losses carried forward

– 0

0

0

– 0

Recognised rights of use from leases

36

25

0

61

Property and equipment

4'334

– 254

0

4'080

Liability for pension plans

13'675

– 337

– 869

12'469

Intangible assets

13

– 13

0

– 0

Derivative financial instruments

2'685

– 1'169

0

1'516

Expected credit losses

1'258

– 557

4

705

Total deferred tax assets

21'999

– 2'305

– 865

18'830

Offsetting

 

 

 

– 7'346

Total after offsetting

 

 

 

11'483

 

 

 

 

 

 

 

 

 

 

Deferred tax liabilities

 

 

 

 

2019

 

 

 

 

Intangible assets

22'021

– 2'481

– 964

18'576

Financial investments

5'824

– 761

2'562

7'626

Property and equipment

0

229

0

229

Provisions

13'143

– 2'040

– 125

10'977

Total deferred tax liabilities

40'988

– 5'054

1'473

37'407

Offsetting

 

 

 

– 6'461

Total after offsetting

 

 

 

30'946

 

 

 

 

 

2020

 

 

 

 

Intangible assets

18'576

– 1'952

– 130

16'494

Financial investments

7'626

– 608

1'850

8'869

Property and equipment

229

– 229

0

0

Provisions

10'977

0

0

10'977

Total deferred tax liabilities

37'407

– 2'789

1'720

36'338

Offsetting

 

 

 

– 7'346

Total after offsetting

 

 

 

28'992

* Including insignificant currency effects

As per 31 December 2020, there were no temporary differences which were not reported as deferred taxes and which in future could be offset with potential tax allowances (previous year: CHF thousands 0). As per 31 December 2020, there were tax losses carried forward of CHF 98 million, which were not recognised as deferred tax assets (previous year: CHF 125 million). They expire within the next five years. In general, tax losses in Switzerland can be carried forward for seven years; in the Principality of Liechtenstein and Austria they can be carried forward for an unlimited period.