27. Deferred Taxes
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About this
Report
Chairman's
Foreword
Corporate
Management Report Appendices Governance
Consolidated Financial Company Financial
Statements Statements
Deferred tax assets and liabilities are measured for all temporary
differences using the liability-method. No deferred tax asset has
been recognized for unused tax losses totalling EUR 1,458 million
(2017: EUR 1,544 million). These carryforward losses relate to
various tax authorities and their term to maturity is largely
unlimited.
Deferred tax assets recognized in respect of carry forward losses
can only be utilized if taxable profits are realized in the future. On
December 31,2018, Rabobank expects that sufficient taxable
profits will be generated within the applicable periods.
Tax on
Deferred
tax assets
Deferred
tax
liabilities
Deferred
tax
charges
other
compre
hensive
income
Amounts in millions of euros
On December 312018
Pensions and other post-employment
benefits
42
(2)
8
Impairment allowances on financial
assets
296
(16)
(52)
Provisions
33
(2)
9
Hedge accounting
105
(6)
Carry forward losses
187
(113)
(39)
Tax credits
121
(68)
28
Goodwill and other intangible assets
14
Revaluation reserves for financial
assets at fair value through other
comprehensive income
(35)
2
(26)
(35)
Revaluation reserves - Cash flow
hedges
11
(2)
3
Revaluation reserves - Costs of
hedging
8
8
Revaluation reserve - Fair value
changes due to own credit risk
on financial liabilities designated at
fair value
8
40
Property and equipment, including
operating leases
58
647
199
Other temporary differences
325
(4)
92
Total
1,165
452
211
16
Deferred
tax assets
Deferred
tax
liabilities
Deferred
tax
charges
Tax on
other
compre
hensive
income
Amounts in millions of euros
On December 312017
Pensions and other post-employment
benefits
50
(1)
7
Loan impairment allowance
229
(23)
72
Provisions
25
17
35
Hedge accounting
37
(51)
Carry forward losses
582
(32)
Tax credits
154
(84)
8
Goodwill and other intangible assets
13
(1)
4
Revaluation reserves for available-for-
sale financial assets
(86)
1
9
50
Revaluation reserves - Cash flow
hedges
11
(9)
Revaluation reserve - Fair value
changes due to own credit risk
on financial liabilities designated at
fair value
208
107
Property and equipment, including
operating leases
95
487
(71)
Other temporary differences
415
32
131
Total
1,733
396
144
148
Annual Report 2018 - Consolidated Financial Statements
195
