financial report and registration document 2011 - Groupe SEB

5 Notes
Consolidated fi nancial statements
to the consolidated fi nancial statements
The following table shows changes in net deferred taxes recognised in the balance sheet:
(in € millions)
Net deferred tax liability at 31 december 2009 (17.2)
Deferred tax charges and benefi ts for the period recognised in profi t 2.5
Effect of deferred taxes recognised in equity 1.1
Effect of changes in foreign exchange rates
Effect of changes in the scope of consolidation
(2.8)
Other 1.7
Net deferred tax liability at 31 december 2010 (14.7)
Deferred tax charges and benefi ts for the period recognised in profi t (14.7)
Effect of deferred taxes recognised in equity 5.9
Effect of changes in foreign exchange rates (3.2)
Effect of changes in the scope of consolidation (14.3)
Other 0.2
NET DEFERRED TAX LIABILITY AT 31 DECEMBER 2011 (40.8)
Deferred taxes recognised in equity essentially include deferred taxes on derivative hedging instruments and deferred taxes on gains and losses on treasury
shares.
Note 8.4. OTHER INFORMATION
At 31 December 2011, the Group had unrecognised deductible temporary differences and tax losses expiring in the following periods:
At 31 December 2011
(in € millions)
Deductible
temporary
diff erences Tax losses Total
2012 0.9 0.9
2013 0.1 0.1
2014 0.1 0.1
2015 3.1 3.1
2016 and beyond 2.1 15.6 17.7
Available indefi nitely 49.8 49.8
TOTAL 3.2 68.5 71.7
Unrecognised tax loss carryforwards rose from €63.9 million in 2010 to
€68.5 million in 2011. They primarily concerned operations in Germany
(€28 million in 2011, €31 million in 2010 and €39 million in 2009), the United
States (€15.2 million in 2011, €8.5 million in 2010 and €4.7 million in 2009),
Spain (€6 million in 2011, €4 million in 2010, and €11 million en 2009) and
the United Kingdom (€7.9 million in 2011, €9.6 million in 2010 and €9 million
in 2009).
100 GROUPE SEB Financial Report and Registration Document 2011