Annual report 20108.31 MB - Boskalis

Financial statements 201011. Income tax receivable and payableThe current income tax receivable and income tax payable relate to the fiscal positions of the Group companiesconcerned and consist of fiscal years still to be settled less withholding taxes or tax refunds.12. Deferred income tax assets and liabilitiesBalance as at January 1, 2010Movement in temporarydifferences during the yearBalance as atDecember 31, 2010AssetLiabilityCharged (-)/added tonet profitCharged toequityBusinesscombinationCurrencytranslationdifferences Asset LiabilityIntangible assets — — 980 — - 27,082 - 788 — - 26,890Property, plant and equipment 1,832 - 13,073 9,869 — - 57,053 709 7,508 - 65,224Due from and due to customers — - 6,298 - 146 — - 815 - 492 — - 7,751Trade and other receivables 67 — - 197 — 211 5 239 - 153Hedging reserve — - 2,282 - 2,708 938 3,808 2 645 - 887Actuarial gains and losses and assetlimitation on defined benefit pension schemes 5,234 — - 305 5,358 — — 10,287 —Employee benefits 982 - 5,230 - 2,564 - 235 1,448 - 155 950 - 6,704Provisions 1,929 - 568 310 — 5,164 169 7,648 - 644Interest-bearing borrowings — — 23 — - 1,212 - 101 550 - 1,840Trade and other payables 914 - 4,775 5,761 — — 207 2,237 - 130Other assets and liabilities 3,446 - 878 - 3,983 563 2,852 - 3,531 476 - 2,007Fiscal reserves — — - 407 — - 787 — — - 1,194Foreign branch results — - 6,125 1,923 — — — — - 4,202Tax losses carried forward 2,306 — - 1,690 — 519 522 1,659 - 216,710 - 39,229 6,866 6,624 - 72,947 - 3,453 32,199 - 117,628Offsetting deferred tax assets and liabilities - 9,997 9,997 - 13,493 13,493Net in the consolidated balance sheet 6,713 - 29,232 18,706 - 104,135Balance as at January 1, 2009Movement in temporarydifferences during the year Balance as at December 31, 2009AssetLiabilityCharged (-)/added tonet profitCharged toequityBusinesscombinationCurrencytranslationdifferences Asset LiabilityProperty, plant and equipment 321 - 8,971 - 2,739 168 — - 20 1,832 - 13,073Due from and due to customers — - 2,531 - 3,788 — — 21 — - 6,298Trade and other receivables 31 — 37 — — - 1 67 —Hedging reserve 652 - 3,078 - 897 1,054 — - 13 — - 2,282Actuarial gains and losses and assetlimitation on defined benefit pension schemes 8,177 — — - 2,943 — — 5,234 —Employee benefits 824 - 4,903 163 - 327 — - 5 982 - 5,230Provisions 705 - 729 1,446 — — - 61 1,929 - 568Trade and other payables 997 — - 5,145 — — 287 914 - 4,775Other assets and liabilities 309 - 1,570 2,693 1,576 — - 440 3,446 - 878Foreign branch results — - 2,872 - 3,253 — — — — - 6,125Tax losses carried forward 2,150 — 217 — — - 61 2,306 —14,166 - 24,654 - 11,266 - 472 — - 293 16,710 - 39,229Offsetting deferred tax assets and liabilities - 7,566 7,566 - 9,997 9,997Net in the consolidated balance sheet 6,600 - 17,088 6,713 - 29,232Royal Boskalis Westminster nv91