27 Deferred taxes

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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

*

Including insignificant currency effects

Deferred tax assets

 

 

 

 

 

 

 

 

 

 

2018

 

 

 

 

 

 

 

 

 

 

Tax losses carried forward

 

1'359

 

1'601

 

–50

 

0

 

2'909

Property and equipment

 

3'625

 

183

 

0

 

370

 

4'178

Liability for pension plans

 

13'724

 

960

 

–689

 

337

 

14'332

Intangible assets

 

0

 

–5

 

0

 

128

 

123

Derivative financial instruments

 

4'891

 

–1'030

 

0

 

–252

 

3'609

Expected credit losses

 

2'202

 

456

 

–307

 

0

 

2'351

Total

 

25'801

 

2'165

 

–1'046

 

582

 

27'502

Offsetting

 

 

 

 

 

 

 

 

 

–6'732

Total after offsetting

 

 

 

 

 

 

 

 

 

20'770

 

 

 

 

 

 

 

 

 

 

 

2019

 

 

 

 

 

 

 

 

 

 

Tax losses carried forward

 

2'909

 

–2'909

 

0

 

 

 

0

Recognised rights of use from leases

 

0

 

36

 

–1

 

 

 

36

Property and equipment

 

4'178

 

198

 

–42

 

 

 

4'334

Liability for pension plans

 

14'332

 

–937

 

279

 

 

 

13'675

Intangible assets

 

123

 

–107

 

–4

 

 

 

13

Derivative financial instruments

 

3'609

 

–941

 

17

 

 

 

2'685

Expected credit losses

 

2'351

 

–1'008

 

–85

 

 

 

1'258

Total deferred tax assets

 

27'502

 

–5'666

 

164

 

 

 

21'999

Offsetting

 

 

 

 

 

 

 

 

 

–6'461

Total after offsetting

 

 

 

 

 

 

 

 

 

15'538

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred tax liabilities

 

 

 

 

 

 

 

 

 

 

2018

 

 

 

 

 

 

 

 

 

 

Intangible assets

 

3'097

 

–1'532

 

0

 

20'457

 

22'021

Financial investments

 

10'091

 

–466

 

–3'382

 

–418

 

5'824

Provisions

 

12'240

 

987

 

0

 

–85

 

13'143

Total deferred tax liabilities

 

25'428

 

–1'010

 

–3'382

 

19'953

 

40'988

Offsetting

 

 

 

 

 

 

 

 

 

–6'732

Total after offsetting

 

 

 

 

 

 

 

 

 

34'257

 

 

 

 

 

 

 

 

 

 

 

2019

 

 

 

 

 

 

 

 

 

 

Intangible assets

 

22'021

 

–2'481

 

–964

 

 

 

18'576

Financial investments

 

5'824

 

–761

 

2'562

 

 

 

7'626

Property and equipment

 

0

 

229

 

0

 

 

 

229

Provisions

 

13'143

 

–2'040

 

–125

 

 

 

10'977

Total deferred tax liabilities

 

40'988

 

–5'054

 

1'473

 

 

 

37'407

Offsetting

 

 

 

 

 

 

 

 

 

–6'461

Total after offsetting

 

 

 

 

 

 

 

 

 

30'946

As per 31 December 2019, there were no temporary differences which were not reported as deferred taxes and which in future could be offset with potential tax allowances (previous year: CHF thousands 0). As per 31 December 2019, there were tax losses carried forward of around CHF 125 million, which were not recognised as deferred tax assets. They expire within the next six years. 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.