ANNUAL REPORT 2009 - GAM Holding AG

16B DEFERRED TAX LIABILITIES
31.12.2009 31.12.2008
CHF 1000 CHF 1000
Balance at the beginning of the year 87 667 79 049
Income statement – charge 2 072 18 900
Income statement – credit -72 -147
Recognised directly in equity -20 580 -8 466
Translation differences and other adjustments -128 -1 669
Disposal of subsidiaries -67 019 -
Balance at the end of the year 1 940 87 667
The components of deferred tax liabilities are as follows:
Employee compensation and benefits 854 4 988
Property and equipment 1 086 10 285
Financial investments available-for-sale - 19 399
Provisions - 52 059
Other - 936
Total deferred tax liabilities 1 940 87 667
GAM Holding Ltd. Annual Report 2009
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GROUP FINANCIAL REPORT