Notes to the consolidated financial statements (IFRS)

17. DEFERRED INCOME TAX
 
The analysis of deferred tax assets and deferred tax liabilities
 
EUR million         31 Dec 2014 31 Dec 2013
Deferred tax assets    
Deferred tax asset to be recovered after more than 12 months 18.0 17.5
Deferred tax asset to be recovered within 12 months 9.9 9.8
Total         27.9 27.3
     
Deferred tax liabilities    
Deferred tax liability to be recovered after more than 12 months 20.1 22.4
Deferred tax liability to be recovered within 12 months 2.8 3.2
Total         22.9 25.6
     
Net deferred tax asset 5.0 1.7
             
 
The movement in deferred income tax assets and liabilities on gross basis during the year
 
  1 Jan 2014 Charged to income statement Charged to other comprehensive income Aquisitions and disposals Other changes 31 Dec 2014
Deferred tax asset            
Restructuring costs 2.4 2.8 - - - 5.2
Other provisions 3.5 -0.7 - - -0.1 2.7
Employee benefits 4.4 0.5 0.8 - -0.1 5.6
Depreciation difference 8.5 -0.2 - 0.5 - 8.8
Other temporary difference 5.9 -1.0 - - 0.2 5.1
Fair value adjustment 0.4 - -0.3 - -0.1 -
Tax losses carried forward 2.2 -1.6 - - -0.1 0.5
Total 27.3 -0.2 0.5 0.5 -0.2 27.9
             
Deferred tax liability            
Depreciation difference 0.1 - - - - 0.1
Intangible assets 21.4 0.1 - - -1.0 20.5
Employee benefits 1.5 0.9 -2.1 - -0.1 0.2
Finance Lease 0.2 0.4 - - - 0.6
Fair value adjustment - - - - - -
Other temporary difference 2.4 -0.7 - - -0.2 1.5
Total 25.6 0.7 -2.1 - -1.3 22.9
             
Net deferred tax asset 1.7 -0.9 2.6 0.5 1.1 5.0
             
The movement in deferred income tax assets and liabilities on gross basis during the year
             
  1 Jan 2013 Charged to income statement Charged to other comprehensive income Aquisitions and disposals Other changes 31 Dec 2013
Deferred tax asset            
Restructuring costs 1.7 0.9 - - -0.2 2.4
Other provisions 2.3 1.2 - - - 3.5
Employee benefits 6.4 -2.2 -1.4 - 1.6 4.4
Depreciation difference 7.8 0.8 - - -0.1 8.5
Other temporary difference 4.2 1.5 - - 0.2 5.9
Fair value adjustment - - 0.4 - - 0.4
Tax losses carried forward 7.3 -5.1 - - - 2.2
Total 29.7 -2.9 -1.0 - 1.5 27.3
             
Deferred tax liability            
Depreciation difference - - - - 0.1 0.1
Intangible assets 23.7 -1.6 - - -0.7 21.4
Employee benefits - -1.0 0.8 - 1.7 1.5
Finance Lease 0.2 -0.1 - - 0.1 0.2
Fair value adjustment 0.1 - -0.1 - - -
Other temporary difference 1.3 1.1 - - - 2.4
Total 25.3 -1.6 0.7 - 1.2 25.6
             
Net deferred tax asset 4.4 -1.3 -1.7 - 0.3 1.7
 
At 31 December 2014 the Group had deferred tax assets on recognized tax losses carried forward totalling EUR 0.5 million (EUR 2.2 million in 2013) of which EUR 0.2 million had no expiry date and EUR 0.2 million will expire during the years 2015–2019 and the remainder thereafter.
     
At 31 December 2014 the Group had deferred tax assets on operational tax losses carried forward totalling EUR 1.3 million (EUR 0.4 million in 2013) which were not recognized due to uncertainty of utilization.
     
The Group does not provide for deferred taxes on undistributed earnings of subsidiaries to the extent such earnings are intended to be permanently reinvested in those companies or if such earnings may be transferred to the Parent Company without any tax consequences.