Financial statements - Notes to the consolidated financial statements
January 2, 2005
Deferred tax assets
Finance lease liabilities 219 70 289
Benefit plans 318 (36) 282
Other provisions 142 3 145
Other - 27 27
Total gross deferred tax assets 679 64 743
Impairments (84) 2 (82)
Total net deferred tax assets 595 66 661
Tax losses and tax credits 613 - 613
Impairments (237) - (237)
Total net tax losses and tax credits 376 - 376
Total net tax assets position 971 66 1,037
Deferred tax liabilities
Property, plant and equipment 340 79 419
Inventory 78 (3) 75
Derivatives and loans 6 10 16
Total deferred tax liabilities 424 86 510
US GAAP requires balances of deferred tax assets and liabilities to be offset if they originate within the same tax jurisdiction
for a particular tax-paying component of the Company.
206
