Leases
-
-
he changes in the overall net deferred tax liabilities were as follows
Ac celerated
Tax
(in millions of Depreciation
Closed
Provision
Pension
Other T
Net defe rr
e d tax liabilities at January 1, 2010 344
(15)
(69)
(25)
(31)
204
Charge (cre
dit) to equity for the year
1
4fi)
5
Charge (cre
dit) to profit or loss for the year 201^
3
(3)
(2)
32
231
Effe ct of c h
ange in tax rates 1
(2)
(1)
Ac q uisition
(1)
(1)
Tran sfers
to) from other accounts 14
(4)
(6)
(4)
Currency tr
anslation effect 20
(1)
(5)
(1)
(3)
10
Net deferre
3d tax liabilities at December 31, 2010 580
(17)
(77)
(33)
(5)
448
Charge (cre
dit) to equity for the year
(7)
(2) (1)
(9)
Charge (cre
dit) to profit or loss for the year (41)
1
2
1
85
48
Effe ct of c h
ange in tax rates
1
1
Acquisition
36
(3)
(9)
24
Tra nsfers
to) from other accounts (1)
1
1
(1)
Currency tr
1 0
anslation effect 'c
(2)
(1)
6
15
Net defe rr
ed tax liabilities at December 31, 201 1 (3) 586
(18)
(76)
(40)
75
527
Charge (cre
dit) to equity for the year -
(4)
(1)(1)
(5)
Charge (cre
dit) to profit or loss for the year (45)
(26)
1
(2)
28
(44)
Effect of ch
ange in tax rates 14
(1)
13
Divestiture
(1)
1
Transfers
to) from other accounts (1)
1
Currency tr
anslation effect (11)
1
1
(1)
(10)
Net deferre
3d tax liabilities at December 31, 2012 542
(43)
(74)
(46)
102
481
(1) In 2012, 2011 and 2010, includes €2 million, €(2) million and €3 million, respectively, in re
(2) Primarily due to a change in tax treatment of capital expenditures in the U.S., which are c
onsidered deductib
ow hedge res
le for tax purp
oses and therefor
e increase the
(3) 2011 wa
is revised to reflect the effects of the completion in the second quarter of 2012 of 1
the purchase price
allocation of t
he Delta Maxi acq
uisition.
At Decem
ber 31, 2012, Delhaize Group did not recognize deferred tax assets of €112 m
lillion, of which.
€42 n
nillion related to U.S. tax loss carry-forwards of €901 million (ma
a inly at a 4.0%
U.S. State
effective tax rate) and U.S.
ta x
credits, which if unused would expire at various dates be twe en 2013
and 2032;
€8 mi
2013
llion related to tax loss carry-forwards of €84 million in Europe,
and 201 7;
which if unused would expire at various
dates be tw een
E
00
MP
llion related to tax credits in Europe, which if unused would exp
ire at various d
ates between 2014 and
2022; and
€54 m
nillion related to tax loss carry-forwards of €170 million in Europe which can bt
utilized without any time
limitation.
The unused tax losses and unused tax credits may not be used to offset 1
axable income
or income
taxes in other
jurisdi cti ons.
Delhaize
Group recognized deferred tax assets only to the extent that
it is probable 1
that future
taxable profit
will be avail.
ble
against which the unused tax losses, the unused tax credits and deductible temporary
d iffe re nce!
can be utilized. At Decem
ber
31, 2012,
the recognized deferred tax assets relating to unused tax losse
s and unused tax credits
was €2 9 milli o
n.
144 DELHAIZE GROUP FINANCIAL STATEMENTS'12
