27 Deferred taxes
| Download |
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 |
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Deferred tax assets |
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2018 |
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|
|
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Tax losses carried forward |
1'359 |
1'601 |
–50 |
0 |
2'909 |
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Property and equipment |
3'625 |
183 |
0 |
370 |
4'178 |
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Liability for pension plans |
13'724 |
960 |
–689 |
337 |
14'332 |
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Intangible assets |
0 |
–5 |
0 |
128 |
123 |
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Derivative financial instruments |
4'891 |
–1'030 |
0 |
–252 |
3'609 |
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Expected credit losses |
2'202 |
456 |
–307 |
0 |
2'351 |
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Total |
25'801 |
2'165 |
–1'046 |
582 |
27'502 |
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Offsetting |
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|
–6'732 |
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Total after offsetting |
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|
20'770 |
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2019 |
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Tax losses carried forward |
2'909 |
–2'909 |
0 |
|
0 |
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Recognised rights of use from leases |
0 |
36 |
–1 |
|
36 |
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Property and equipment |
4'178 |
198 |
–42 |
|
4'334 |
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Liability for pension plans |
14'332 |
–937 |
279 |
|
13'675 |
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Intangible assets |
123 |
–107 |
–4 |
|
13 |
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Derivative financial instruments |
3'609 |
–941 |
17 |
|
2'685 |
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Expected credit losses |
2'351 |
–1'008 |
–85 |
|
1'258 |
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Total deferred tax assets |
27'502 |
–5'666 |
164 |
|
21'999 |
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Offsetting |
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–6'461 |
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Total after offsetting |
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|
15'538 |
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Deferred tax liabilities |
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2018 |
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|
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Intangible assets |
3'097 |
–1'532 |
0 |
20'457 |
22'021 |
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Financial investments |
10'091 |
–466 |
–3'382 |
–418 |
5'824 |
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Provisions |
12'240 |
987 |
0 |
–85 |
13'143 |
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Total deferred tax liabilities |
25'428 |
–1'010 |
–3'382 |
19'953 |
40'988 |
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Offsetting |
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–6'732 |
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Total after offsetting |
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34'257 |
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2019 |
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Intangible assets |
22'021 |
–2'481 |
–964 |
|
18'576 |
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Financial investments |
5'824 |
–761 |
2'562 |
|
7'626 |
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Property and equipment |
0 |
229 |
0 |
|
229 |
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Provisions |
13'143 |
–2'040 |
–125 |
|
10'977 |
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Total deferred tax liabilities |
40'988 |
–5'054 |
1'473 |
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37'407 |
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Offsetting |
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–6'461 |
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Total after offsetting |
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30'946 |
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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.