Annual Report & Accounts 2009 - Anglo Irish Bank

35. Deferred taxation
31 December 30 September 31 December 30 September
2009 2008 2009 2008
€m €m €m €m
Analysis of movement in deferred taxation:
Opening net asset/(liability)
Income statement credit/(charge) for period
81 (2) 103 44
(note 15) 49 18 (18) (7)
Movements through equity (83) 68 (85) 69
Exchange movements (1) (3) - (3)
Closing net asset 46 81 - 103
Analysis of deferred taxation asset:
Losses available for offset against future profits 46 - - -
Available-for-sale financial assets - 80 - 82
Arrangement fees - 11 - 11
Impairment provisions
Employee benefits and share-based payment
- 5 - 4
schemes - 4 - 2
Derivatives and cash flow hedges - 3 - 3
Other temporary differences - 4 - 2
46 107 - 104
Analysis of deferred taxation liability:
Unremitted profits of subsidiaries - (16) - -
Arrangement fees - (6) - -
Other temporary differences - (4) - (1)
- (26) - (1)
Represented in the statement of financial
position as follows:
Deferred taxation asset 46 107 - 104
Deferred taxation liability - (26) - (1)
46 81 - 103
36. Other assets
The Group The Bank
Anglo Irish Bank
Annual Report & Accounts 2009
At 31 December 2009, pending a final decision in relation to the restructuring of the Bank's operations which is subject to EC
approval, deferred tax assets of €1,794m (30 September 2008: €nil) and €1,628m (30 September 2008: €nil) have not been
recognised in respect of unused losses for the Group and the Bank respectively. The Group and Bank's tax losses do not expire
under current tax legislation.
The Group
The Bank
31 December 30 September 31 December 30 September
2009 2008 2009 2008
€m €m €m €m
Trading properties 10 12 - -
Sundry debtors 19 21 1 -
29 33 1 -
101