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METRO GROUP : ANNUAL REPORT 2010 : BUSINESS
→ NOTES : NOTES TO ThE BAl ANCE ShEET
deferred taxes recognised concern the following balance
sheet items:
In accordance with IAS 12, deferred taxes relating to
differences between the carrying amount of a subsidiary’s
pro rata assets and liabilities in the balance sheet and the
investment book value for this subsidiary in the parent
company’s tax statement must be created (so-called outside
basis differences) if the tax benefit is likely to be realised
in future. No deferred taxes were recognised for
retained earnings of subsidiaries as these earnings will
be reinvested over an indefinite period of time or are not
subject to relevant taxation. As in the previous year,
€6 million in deferred tax liabilities from outside basis
differences were recognised for planned dividend payments.
31/12/2010 31/12/2009 1/1/2009
→ p. 180
€ million Asset Liability Asset Liability Asset Liability
Goodwill 257 144 291 171 328 158
Other intangible assets 131 25 164 45 179 39
Tangible assets and investment properties 1 156 671 143 653 133 677
financial assets 7 8 6 9 10 4
Inventories 85 25 92 35 91 29
Other receivables and assets 2 124 85 139 74 120 73
Provisions for pensions and similar obligations 126 16 115 11 107 10
Other provisions 101 11 104 27 104 36
financial liabilities 1 417 5 415 4 510 3
Other liabilities 1 158 65 132 46 128 40
Outside basis differences 0 6 0 6 0 6
Non-scheduled write-downs 1 –40 0 –28 0 –22 0
loss carry-forwards 327 0 318 0 216 0
Total 1,849 1,061 1,891 1,081 1,904 1,075
Offset –849 –849 –865 –865 –854 –854
Book value of deferred taxes 1,000 212 1,026 216 1,050 221
1 Adjustment of previous year’s figures due to separate disclosure of non-scheduled write-downs
2 Adjustment of figures as of 1 January 2009 due to first-time adoption of revised IfRS in the financial year 2009
No deferred taxes were created for the following loss carryforwards
and interest carried forward as well as temporary
differences because a short-term realisation is not expected:
€ million 2010 2009
Corporate tax losses 6,488 5,686
Business tax losses 6,839 6,523
Interest carried forward 6 6
Temporary differences 121 92
The losses primarily concern Germany. They can be carried
forward without limitations.