annual report - Hypo Real Estate Holding AG

Group Accounts
31. Other liabilities
Balances due to group companies in the Group balance sheet include amounts payable to other entities in the HRE
Group.
32. Deferred income tax
Deferred income taxes are calculated on all temporary differences under the liability method using the effective tax
rate in the relevant jurisdiction.
Deferred tax balances consist of the following:
The movement on the deferred income tax account is as follows:
170
Group Company
2007 2006 2007 2006
€ m € m € m € m
Creditors 1 64 1 38
Accruals 87 15 59 3
Other 36 21 18 10
124 100 78 51
Of which due to group companies 2 - 1 3
Group Company
2007 2006 2007 2006
€ m € m € m € m
Deferred tax assets 180 39 20 21
Deferred tax liabilities -161 -141 -15 -19
Net deferred tax balance 19 -102 5 2
Group Company
2007 2006 2007 2006
€ m € m € m € m
At 1 January -102 -58 2 7
Income statement charge -9 -62 -5 -7
Acquisition under common control 19 - - -
Disposal of subsidiary 73 - - -
Fair value measurement on AFS securities 37 18 8 2
Fair value measurement on cash-flow hedges 1 - - -
At 31 December 19 -102 5 2