25 Deferred taxes

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in CHF thousands

 

As at 1 January

 

Amount reco­gnised in the income state­ment

 

Amount reco­gnised in other compre­hensive income

 

Change from additions and disposals to the scope of consoli­dation

 

As at 31 December

Deferred tax assets

 

 

 

 

 

 

 

 

 

 

2015

 

 

 

 

 

 

 

 

 

 

Loss carry forwards

 

1'390

 

–134

 

0

 

0

 

1'256

Property and equipment

 

4'081

 

0

 

0

 

0

 

4'081

Liability for pension plan

 

14'722

 

–778

 

1'519

 

–2'001

 

13'463

Derivatives

 

5'529

 

–211

 

0

 

–449

 

4'869

Total

 

25'722

 

–1'123

 

1'519

 

–2'450

 

23'669

Offsetting

 

 

 

 

 

 

 

 

 

0

Total, after offsetting

 

 

 

 

 

 

 

 

 

23'669

 

 

 

 

 

 

 

 

 

 

 

2016

 

 

 

 

 

 

 

 

 

 

Loss carry forwards

 

1'256

 

29

 

145

 

0

 

1'430

Property and equipment

 

4'081

 

–533

 

0

 

0

 

3'548

Liability for pension plan

 

13'463

 

860

 

1'935

 

0

 

16'258

Intangible assets

 

0

 

126

 

0

 

0

 

126

Derivatives

 

4'869

 

2'091

 

0

 

0

 

6'960

Total

 

23'669

 

2'573

 

2'080

 

0

 

28'322

Offsetting

 

 

 

 

 

 

 

 

 

–9'513

Total, after offsetting

 

 

 

 

 

 

 

 

 

18'809

 

 

 

 

 

 

 

 

 

 

 

Deferred tax liabilities

 

 

 

 

 

 

 

 

 

 

2015

 

 

 

 

 

 

 

 

 

 

Credit loss (expense) / recovery

 

17

 

0

 

0

 

0

 

17

Intangible assets

 

7'582

 

–744

 

0

 

–2'258

 

4'580

Property

 

949

 

0

 

0

 

0

 

949

Financial instruments

 

8'790

 

499

 

0

 

0

 

9'289

Provisions

 

7'691

 

–361

 

0

 

–548

 

6'782

Total

 

25'029

 

–606

 

0

 

–2'806

 

21'617

Offsetting

 

 

 

 

 

 

 

 

 

0

Total, after offsetting

 

 

 

 

 

 

 

 

 

21'617

 

 

 

 

 

 

 

 

 

 

 

2016

 

 

 

 

 

 

 

 

 

 

Credit loss (expense) / recovery

 

17

 

–17

 

0

 

0

 

0

Intangible assets

 

4'580

 

–739

 

0

 

0

 

3'841

Property

 

949

 

–949

 

24

 

0

 

24

Financial instruments

 

9'289

 

–2'649

 

514

 

0

 

7'154

Provisions

 

6'782

 

5'458

 

0

 

0

 

12'240

Total

 

21'617

 

1'103

 

538

 

0

 

23'258

Offsetting

 

 

 

 

 

 

 

 

 

–9'513

Total, after offsetting

 

 

 

 

 

 

 

 

 

13'745

At 31 December 2016, there existed temporary differences of CHF thousands 3’406 which were not booked as deferred taxes and which in future could be offset with potential tax allowances (previous year: CHF thousands 4’202).

The tax losses which were not recognised as deferred tax assets per 31 December 2016 expire as follows:

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in CHF thousands

 

31.12.2016

 

31.12.2015

 

+/– %

Within 1 year

 

0

 

0

 

 

Within 2 to 5 years

 

0

 

0

 

 

Within 6 to 7 years

 

0

 

0

 

 

No expiry

 

3'406

 

4'202

 

–18.9

Total

 

3'406

 

4'202

 

–18.9

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.