79
10 Income taxes continued
-
Notes to the consolidated financial statements continued
Ahold
Annual Report 2010
Group at a glance
Performance
Governance
Financials
Investors
Deferred income tax
The significant components and annual movements of deferred income tax assets and liabilities as of January 2, 2011 and January 3,
2010 (including discontinued operations) are as follows:
million
December 28,
2008
Recognized in
income
statement
Other
January 3,
2010
Recognized in
income
statement
Other
January 2,
2011
Leases and financings
188
12
(3)
197
11
14
222
Pensions and other post-employment benefits
108
(54)
(2)
52
(18)
12
46
Provisions
77
60
137
(16)
10
131
Derivatives and loans
16
(4)
(6)
6
(3)
4
7
Interest
32
5
(1)
36
(4)
3
35
Other
20
2
5
27
21
4
52
Total gross deductible temporary differences
441
21
(7)
455
(9)
47
493
Unrecognized deductible temporary
differences
(21)
3
1
(17)
(4)
1
(20)
Total recognized deductible temporary
differences
420
24
(6)
438
(13)
48
473
Tax losses and tax credits
241
296
7
544
(5)
33
572
Unrecognized tax losses and tax credits
(207)
(224)
(3)
(434)
11
(36)
(459)
Total recognized tax losses and tax credits
34
72
4
110
6
(3)
113
Total net deferred tax asset position
454
96
(2)
548
(7)
45
586
Property, plant and equipment and intangible
assets
(110)
(82)
1
(191)
(48)
(6)
(245)
Inventories
(88)
(6)
2
(92)
(5)
(6)
(103)
Other
(13)
8
(4)
(9)
5
(1)
(5)
Total deferred tax liabilities
(211)
(80)
(1)
(292)
(48)
(13)
(353)
Net deferred tax assets
243
16
(3)
256
(55)
32
233
The column "Other" in the table above includes amounts recorded in equity, the effects of acquisitions, divestments, and exchange rate
differences, as well as reclassifications between deferred tax components and the application of tax losses and tax credits against current
year income tax payables.
Deferred income tax assets and liabilities are offset on the balance sheet when there is a legally enforceable right to offset current tax
assets against current tax liabilities and when the deferred income taxes relate to income taxes levied by the same fiscal authority. The
deferred tax assets and liabilities are presented as non-current assets and liabilities on the balance sheet as follows:
January 2,
January 3,
million
2011
2010
Deferred tax assets
410
429
Deferred tax liabilities
(177)
(173)
Net deferred tax assets
233
256
