Deutsche Post Annual Report 2007


€m	2006	2007
Deferred tax assets for tax loss carryforwards	270	227
Deferred tax assets for temporary differences	272	793
	542	1,020
Deferred tax liabilities for temporary differences	1,426	1,569

No deferred tax assets were recognised for tax loss carryforwards of around €11.7 billion (previous year: €10.3 billion) and for temporary differences of around €1.2 billion (previous year: €1.9 billion), as it can be assumed that the Group will not be able to use these tax loss carryforwards and temporary differences within the framework of tax planning. It will be possible to utilise these tax loss carryforwards for an indefinite period of time. Most of the loss carryforwards are attributable to Deutsche Post AG. Deferred taxes have not been recognised for temporary differences of €468 million (previous year: €380 million) relating to earnings of German and foreign subsidiaries because it is probable that these temporary differences will not reverse in the foreseeable future.

Deferred tax assets for tax loss carryforwards
€m	2006	2007
Deferred taxes for German tax loss carryforwards
Corporation tax and solidarity surcharge	111	80
Trade tax	95	70
Deferred taxes for foreign tax loss carryforwards	64	77
	270	227

Maturity structure of deferred tax assets for tax loss carryforwards
€m	2006	2007
Less than 1 year	48	10
1 to 2 years	42	9
2 to 3 years	111	86
3 to 4 years	15	84
4 to 5 years	18	4
More than 5 years	36	34
	270	227

Maturity structure of deferred tax assets and liabilities for temporary differences
€m	2006		2007
	Assets	Liabilities	Assets	Liabilities
Less than 1 year	61	141	220	12
1 to 2 years	35	18	67	18
2 to 3 years	26	4	38	7
3 to 4 years	12	90	20	417
4 to 5 years	19	903	285	542
More than 5 years	119	270	163	573
	272	1,426	793	1,569

The following deferred tax assets and liabilities for temporary differences result from differences in the carrying amounts of individual balance sheet items:

Deferred taxes for temporary differences
€m	2006		2007
	Assets	Liabilities	Assets	Liabilities
Intangible assets	58	727	72	701
Property, plant and equipment	24	71	17	75
Non-current financial assets	0	1	26	0
Other non-current assets	3	117	14	37
Current assets
Receivables and other securities from financial services	139	1,965	394	2,205
Other current assets	203	49	143	10
Provisions	367	27	434	131
Financial liabilities	25	0	4	0
Liabilities from financial services	1,154	83	1,653	97
Other liabilities	20	107	31	313
	1,993	3,147	2,788	3,569
Balance of deferred tax assets and liabilities
of which for tax loss carryforwards	0	0	0	–5
of which for temporary differences	–1,721	–1,721	–1,995	–1,995
Carrying amount	272	1,426	793	1,569

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27. Deferred taxes

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