Annual Report 2012

Notes to the financial statements(Expressed in millions of RMB, unless otherwise stated)35 Deferred tax (continued)(1) Analysed by nature (continued)Bank2012 2011Deductible/(taxable)temporarydifferencesDeferredtax assets/(liabilities)Deductible/(taxable)temporarydifferencesDeferredtax assets/(liabilities)Deferred tax assets– Fair value adjustments (5,926) (1,487) (9,106) (2,281)– Allowances for impairment losses 104,587 26,093 85,634 21,320– Early retirement benefits and accrued salaries 25,069 6,267 22,606 5,651– Others (9,979) (3,356) (7,268) (2,687)Total 113,751 27,517 91,866 22,003Deferred tax liabilities– Fair value adjustments – – (55) (13)– Allowances for impairment losses – – (46) (11)– Others – – 4 1Total – – (97) (23)(2) Movements of deferred taxGroupEarly retirementbenefits andaccrued salariesFair valueadjustmentsAllowances forimpairmentlosses Others TotalAs at 1 January 2012 5,689 (2,580) 21,375 (3,432) 21,052Recognised in profit or loss 632 (301) 4,837 (597) 4,571Recognised in other comprehensive income – 1,096 – – 1,096As at 31 December 2012 6,321 (1,785) 26,212 (4,029) 26,719As at 1 January 2011 4,688 (2,919) 15,760 53 17,582Recognised in profit or loss 998 210 5,615 (3,443) 3,380Recognised in other comprehensive income – 229 – – 229Addition through acquisition 3 (100) – (42) (139)As at 31 December 2011 5,689 (2,580) 21,375 (3,432) 21,052BankEarly retirementbenefits andaccrued salariesFair valueadjustmentsAllowances forimpairmentlosses Others TotalAs at 1 January 2012 5,651 (2,294) 21,309 (2,686) 21,980Recognised in profit or loss 616 (293) 4,784 (670) 4,437Recognised in other comprehensive income – 1,100 – – 1,100As at 31 December 2012 6,267 (1,487) 26,093 (3,356) 27,517As at 1 January 2011 4,657 (2,694) 15,689 1,118 18,770Recognised in profit or loss 994 198 5,620 (3,804) 3,008Recognised in other comprehensive income – 202 – – 202As at 31 December 2011 5,651 (2,294) 21,309 (2,686) 21,980The Group and the Bank did not have significant unrecognised deferred tax as at the end of the reporting period.142 China Construction Bank Corporation annual report 2012