Open - Ina

8. TaxationIn addition to the income tax expense charged to profit or loss, a deferred tax charge of HRK 41 million in 2007 (in 2006:HRK 17 million) has been recognised in equity. The movements in deferred tax assets were as follows:INA GroupValueadjustmentof currentassetsValueadjustmentof tangibleand intangibleassetsReversal ofdepreciationfor impairedassetProvisionrecorded forENI tax caseValueadjustmentof financialinvestmentsTotalBalance at 01 January 2006 8 57 (5) 19 13 92Credit to equity for the year - - - - (17) (17)Reversal of temporary differences (5) (10) (5) (19) - (39)Origination of temporary differences 22 42 - 23 6 93Balance at 31 December 2006 25 89 (10) 23 2 129Credit to equity for the year - - - - (41) (41)Reversal of temporary differences (19) (42) (6) (23) - (90)Origination of temporary differences 20 17 - 1 1 39Balance at 31 December 2007 26 64 (16) 1 (38) 37INA d.d.Valueadjustmentof currentassetsValueadjustmentof tangibleand intangibleassetsReversal ofdepreciationfor impairedassetProvisionrecorded forENI tax caseValueadjustmentof financialinvestmentsTotalBalance at 31 December 2005 7 57 (5) 19 13 91Credit to equity for the year - - - - (17) (17)Reversal of temporary differences (5) (10) (5) (19) - (39)Origination of temporary differences 22 42 - 23 3 90Balance at 31 December 2006 24 89 (10) 23 (1) 125Credit to equity for the year - - - - (41) (41)Reversal of temporary differences (18) (42) (6) (23) - (89)Origination of temporary differences 20 17 - 1 1 39Balance at 31 December 2007 26 64 (16) 1 (41) 34110 Financial report