Contents

4Financial position – resultsNotes to the consolidated financial statements19b - Deferred tax assets – movements during the year(€ millions)Provisionfor employee benefitsLosscarryforwardsOther itemsand offsets (1)At 1 January 2011 15 27 (6) 36(Expense) income for the year – (17) 6 (11)Changes in scope of consolidation – – (1) (1)Translation adjustments – (1) (9) (10)Other movements, net (5) 1 6 2AT 31 DECEMBER 2011 10 10 (4) 16(Expense) income for the year 2 3 5 10Taxes on items recognised directly in equity 3 – (6) (3)Changes in scope of consolidation – – – –Translation adjustments – – – –Other movements, net – – (16) (16)AT 31 DECEMBER 2012 15 13 (21) 7(1) Offsets between deferred tax assets and liabilities are recorded at tax group level.Total19c - Deferred tax liabilities – movements during the year(€ millions)Provisionfor employee benefitsProperty, plantand equipmentTax depreciationand provisionsOther itemsand offsets (1)At 1 January 2011 (20) (33) (32) 16 (69)(Expense) income for the year (6) 6 2 (7) (5)Taxes on items recognised directly in equity (1) – 1 – –Changes in scope of consolidation – 21 – – 21Translation adjustments (1) – – (1) (2)Other movements, net (3) (10) 6 6 (1)AT 31 DECEMBER 2011 (31) (16) (23) 14 (56)(Expense) income for the year 1 10 1 (4) 8Taxes on items recognised directly in equity 8 – – 5 13Changes in scope of consolidation – – – (3) (3)Translation adjustments (1) – – – (1)Other movements, net (1) (2) (2) 21 16AT 31 DECEMBER 2012 (24) (8) (24) 33 (23)(1) Offsets between deferred tax assets and liabilities are recorded at tax group level.Total19d - Current and deferred taxes related to items recognised directly in equity(€ millions)Actuarial gainsand lossesFair valueof financial instruments Other items TotalAt 31 December 2012 11 (1) – 10At 31 December 2011 (1) 1 – –144 | Sequana | 2012 Document de référence (English version)