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16. Deferred tax assets and liabilities
2004 2004 Movements in 2004 2003
Total Total
(Charged)/ Acqui- (Charged)/ Transcredited
sitions credited lation
to income to equity differences
MCHF MCHF MCHF MCHF MCHF MCHF
Deferred tax assets
Loss carry-forwards 4.8 1.0 3.8
Accrued pension obligation 5.1 (0.1) 0.9 4.3
Property, plant and equipment 3.0 (1.1) (0.2) 4.3
Goodwill and intangible assets 21.6 (2.2) 24.0 (0.4) 0.2
Other 16.3 0.5 2.8 1.5 (0.5) 12.0
Total deferred tax assets 50.8 (1.9) 27.7 1.5 (1.1) 24.6
Deferred tax liabilities
Inventories (5.6) 3.8 (4.7) 0.1 (4.8)
Property, plant and equipment (62.0) 5.4 (4.9) 0.7 (63.2)
Prepaid pension asset (20.6) (20.6)
Intangible assets (21.8) (2.5) (10.5) 0.2 (9.0)
Provisions, reserves and other (6.2) 0.7 (0.7) (1.3) 0.2 (5.1)
Total deferred tax liabilities (116.2) 7.4 (20.8) (1.3) 1.2 (102.7)
2003 2003 Movements in 2003 2002
Total Total
(Charged)/ Acqui- (Charged)/ Transcredited
sitions credited lation
to income to equity differences
MCHF MCHF MCHF MCHF MCHF MCHF
Deferred tax assets
Loss carry-forwards 3.8 0.3 3.5
Accrued pension obligation 4.3 0.8 0.1 3.4
Property, plant and equipment 4.3 1.3 3.0
Goodwill and intangible assets 0.2 (0.1) 0.3
Other 12.0 (0.3) 0.7 0.1 11.5
Total deferred tax assets 24.6 2.0 0.7 0.2 21.7
Deferred tax provisions
Inventories (4.8) 0.5 0.3 (5.6)
Property, plant and equipment (63.2) 4.4 (1.2) (66.4)
Prepaid pension asset (20.6) 0.9 (21.5)
Intangible assets (9.0) 1.8 0.1 (10.9)
Other (5.1) 9.8 1.1 (0.2) (15.8)
Total deferred tax liabilities (102.7) 17.4 1.1 (1.0) (120.2)
Geberit Group