Deutsche Post DHL - Annual Report 2009

32 Deferred taxes


€m
	2008		2009
	Assets	Liabilities	Assets	Liabilities
Intangible assets	98	294	57	295
Property, plant and quipment	61	38	90	32
Non-current financial assets	47	2	3	0
Other non-current assets	9	29	33	36
Other current assets	29	41	33	41
Provisions	338	245	211	14
Financial liabilities	293	1	412	97
Other liabilities	167	250	67	47
Tax loss carryforwards	58	–	142	–
Gross amount	1,100	900	1,048	562
Netting	–67	–67	–380	–380
Carrying amount	1,033	833	668	182

€85 million (previous year: €2 million) of the deferred taxes on tax loss carryforwards relates to tax loss carryforwards in Germany and €57 million (previous year: €56 million) to foreign tax loss carryforwards.

No deferred tax assets were recognised for tax loss carryforwards of around €16.6 billion (previous year: €16.3 billion) and for temporary differences of around €3,208 million (previous year: €696 million), as it can be assumed that the Group will probably not be able to use these tax loss carryforwards and temporary differences in its tax planning. Most of the loss carryforwards are attributable to Deutsche Post AG. It will be possible to utilise them for an indefinite period of time. In the case of the foreign companies, the significant loss carryforwards will not lapse before 2020.

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