24 Deferred taxes
| Download |
in CHF thousands |
As at 1 January |
New measurement: ECL value allowance (from initial application IFRS 9) |
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 |
|
|
|
|
|
|
||||||
2017 |
|
|
|
|
|
|
||||||
Tax losses carried forward |
1'430 |
0 |
0 |
–72 |
0 |
1'359 |
||||||
Property and equipment |
3'548 |
0 |
77 |
0 |
0 |
3'625 |
||||||
Liability for pension plans |
16'258 |
0 |
340 |
–2'875 |
0 |
13'724 |
||||||
Intangible assets |
126 |
0 |
–126 |
0 |
0 |
0 |
||||||
Derivative financial instruments |
6'960 |
0 |
–2'069 |
0 |
0 |
4'891 |
||||||
Total |
28'322 |
0 |
–1'778 |
–2'947 |
0 |
23'599 |
||||||
Offsetting |
|
|
|
|
|
–10'956 |
||||||
Total after offsetting |
|
|
|
|
|
12'642 |
||||||
|
|
|
|
|
|
|
||||||
2018 |
|
|
|
|
|
|
||||||
Tax losses carried forward |
1'359 |
0 |
1'601 |
–50 |
0 |
2'909 |
||||||
Property and equipment |
3'625 |
0 |
183 |
0 |
370 |
4'178 |
||||||
Liability for pension plans |
13'724 |
0 |
960 |
–689 |
337 |
14'332 |
||||||
Intangible assets |
0 |
0 |
–5 |
0 |
128 |
123 |
||||||
Derivative financial instruments |
4'891 |
0 |
–1'030 |
0 |
–252 |
3'609 |
||||||
Expected credit losses |
|
2'202 |
456 |
–307 |
0 |
2'351 |
||||||
Total deferred tax assets |
23'599 |
2'202 |
2'165 |
–1'046 |
582 |
27'502 |
||||||
Offsetting |
|
|
|
|
|
–6'732 |
||||||
Total after offsetting |
|
|
|
|
|
20'770 |
||||||
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
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Deferred tax liabilities |
|
|
|
|
|
|
||||||
2017 |
|
|
|
|
|
|
||||||
Intangible assets |
3'841 |
0 |
–744 |
0 |
0 |
3'097 |
||||||
Property |
24 |
0 |
0 |
–24 |
0 |
0 |
||||||
Financial investments |
7'154 |
0 |
3'063 |
–125 |
0 |
10'091 |
||||||
Provisions |
12'240 |
0 |
0 |
0 |
0 |
12'240 |
||||||
Total deferred tax liabilities |
23'258 |
0 |
2'319 |
–149 |
0 |
25'428 |
||||||
Offsetting |
|
|
|
|
|
–10'956 |
||||||
Total after offsetting |
|
|
|
|
|
14'472 |
||||||
|
|
|
|
|
|
|
||||||
2018 |
|
|
|
|
|
|
||||||
Intangible assets |
3'097 |
0 |
–1'532 |
0 |
20'457 |
22'021 |
||||||
Financial investments |
10'091 |
0 |
–466 |
–3'382 |
–418 |
5'824 |
||||||
Provisions |
12'240 |
0 |
987 |
0 |
–85 |
13'143 |
||||||
Total deferred tax liabilities |
25'428 |
0 |
–1'010 |
–3'382 |
19'953 |
40'988 |
||||||
Offsetting |
|
|
|
|
|
–6'732 |
||||||
Total after offsetting |
|
|
|
|
|
34'257 |
As at 31 December 2018, no temporary differences which were not booked as deferred taxes and which in future could be offset with potential tax allowances existed (previous year: CHF thousands 2’365).
The tax losses carried forward which were not recognised as deferred tax assets as at 31 December 2018 expire as follows:
| Download |
in CHF thousands |
31.12.2018 |
31.12.2017 |
+/− % |
|||
|---|---|---|---|---|---|---|
Within 1 year |
0 |
0 |
|
|||
Within 2 to 5 years |
0 |
0 |
|
|||
Within 6 to 7 years |
0 |
0 |
|
|||
No expiry |
0 |
2'365 |
–100.0 |
|||
Total |
0 |
2'365 |
–100.0 |
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.