25 Deferred taxes

in CHF thousands	As at 1 January	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
2016
Tax losses carried forward	1'256	29	145	0	1'430
Property and equipment	4'081	−533	0	0	3'548
Liability for pension plans	13'463	860	1'935	0	16'258
Intangible assets	0	126	0	0	126
Derivative financial instruments	4'869	2'091	0	0	6'960
Total	23'669	2'573	2'080	0	28'322
Offsetting					−9'513
Total after offsetting					18'809

2017
Tax losses carried forward	1'430	0	−72	0	1'359
Property and equipment	3'548	77	0	0	3'625
Liability for pension plans	16'258	340	−2'875	0	13'724
Intangible assets	126	−126	0	0	0
Derivative financial instruments	6'960	−2'069	0	0	4'891
Total deferred tax assets	28'322	−1'778	−2'947	0	23'599
Offsetting					−10'956
Total after offsetting					12'642

Deferred tax liabilities
2016
Credit loss (expense) / recovery	17	−17	0	0	0
Intangible assets	4'580	−739	0	0	3'841
Property	949	−949	24	0	24
Financial investments	9'289	−2'649	514	0	7'154
Provisions	6'782	5'458	0	0	12'240
Total deferred tax liabilities	21'617	1'103	538	0	23'258
Offsetting					−9'513
Total after offsetting					13'745

2017
Credit loss (expense) / recovery	0	0	0	0	0
Intangible assets	3'841	−744	0	0	3'097
Property	24	0	−24	0	0
Financial investments	7'154	3'063	−125	0	10'091
Provisions	12'240	0	0	0	12'240
Total deferred tax liabilities	23'258	2'319	−149	0	25'428
Offsetting					−10'956
Total after offsetting					14'472

As at 31 December 2017, there existed temporary differences of CHF thousands 2’365 which were not booked as deferred taxes and which in future could be offset with potential tax allowances (previous year: CHF thousands 3’406).

The tax losses which were not recognised as deferred tax assets as at 31 December 2017 expire as follows:

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in CHF thousands	31.12.2017	31.12.2016	+/– %
Within 1 year	0	0
Within 2 to 5 years	0	0
Within 6 to 7 years	0	0
No expiry	2'365	3'406	−30.6
Total	2'365	3'406	−30.6

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.

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