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Financial information on assets,the financial statements and results of the CompanyNotes to the consolidated financial statements16.3 Change in deferred tax assets and liabilities(in millions of Euros) 2012 2011Deferred tax assets 3,1592,577Deferred tax liabilities (4,479)(4,894)NET DEFERRED TAXES AT 1 JANUARY (1,320)(2,317)Change in net income 34354Change in equity 506671Translation adjustments (53)(64)Changes in scope of consolidation (1,357)(18)Other movements 7654NET DEFERRED TAXES AT 31 DECEMBER (2,114)(1,320)Deferred tax assets 3,4873,159Deferred tax liabilities (5,601)(4,479)€550 million of the change in 2012 in deferred tax assets included in equity results from the change in actuarial gains and losses on post-employmentbenefits (€251 million in 2011).16.4 Breakdown of deferred tax assets and liabilities by nature(in millions of Euros) 31/12/2012 31/12/2011Deferred tax assets:Differences between depreciation recorded for accounting and tax purposes 18583Non-deductible provisions for pension obligations 6,3184,804Other non-deductible provisions 731546Other deductible temporary differences 1,2571,214Revaluations, revaluation surplus and elimination of intercompany profit 656622Tax losses and unused tax credits 872720Netting of deferred tax assets and liabilities (3,793)(3,338)Deferred tax assets 6,2264,651Unrecorded deferred tax assets (2,739)(1,492)Deferred tax assets in balance sheet 3,4873,159Deferred tax liabilities:Differences between depreciation recorded for accounting and tax purposes (5,570)(5,785)Other taxable temporary differences (849)(510)Revaluations, revaluation surplus and elimination of intercompany profit (2,975) (1,522)Netting of deferred tax assets and liabilities 3,7933,338Deferred tax liabilities in balance sheet (5,601) (4,479)NET DEFERRED TAXES (2,114)(1,320)At 31 December 2012, unrecorded deferred tax assets represent a potential tax saving of €2,739 million (€1,492 million at 31 December 2011). Of thepotential tax saving in 2012, €1,831 million relates to deferred tax assets, mainly on employee benefits in France. This is significantly higher than in 2011(€734 million) due to the change in actuarial gains and losses recorded in equity in 2012.48 l EDF l Financial report 2012