Ardagh Glass Finance plc - Irish Stock Exchange

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
15. Deferred income tax (Continued)
The movement in deferred tax assets and liabilities during the year, without taking into
consideration the offsetting of balances within the same tax jurisdiction, is as follows:
Deferred tax liabilities
Accelerated tax Fair value
depreciation gains Other Total
E’000 E’000 E’000 E’000
At 1 January 2006 ............................. (29,972) (1,219) (53) (31,244)
Credited to the income statement .................. 14,211 — — 14,211
Exchange movement ............................ (611) (25) — (636)
At 31 December 2006 ........................... (16,372) (1,244) (53) (17,669)
Arising on acquisitions .......................... (21,743) (78,941) (834) (101,518)
Charged/(Credited) to the income statement .......... 8,959 7,217 (1,970) 14,206
Exchange movement ............................ 1,031 107 — 1,138
At 31 December 2007 ........................... (28,125) (72,861) (2,857) (103,843)
Deferred tax assets
Pension Other Total
E’000 E’000 E’000
At 1 January 2006 ........................................... 18,049 617 18,666
Credited/(charged) to the income statement ......................... (5,398) 560 (4,838)
Charged to equity ............................................ (4,952) — (4,952)
Exchange movement .......................................... 356 — 356
At 31 December 2006 ......................................... 8,055 1,177 9,232
Arising on acquisitions ........................................ 4,286 2,898 7,184
(Charged)/credited to the income statement ......................... (2,531) 333 (2,198)
Credited to equity ............................................ (1,155) — (1,155)
Exchange movement .......................................... (603) 53 (550)
At 31 December 2007 ......................................... 8,052 4,461 12,513
The deferred income tax credited to equity during the year was A1,211,000 (2006: A4,952,000)
related to the actuarial loss on the pension schemes.
The Group did not recognise deferred income tax assets of A3,716,000 (2006: A3,227,000) in respect
of losses amounting to A13,431,000 (2006: A10,755,000) that can be carried forward against future
taxable income.
F-102