Annual report and accounts 2016

120
Notes to the consolidated financial statements continued
10 Tax continued
For the year to December 31, 2015
€ million
Opening
balance
Movement
in respect of
prior years
Movement
in respect of
current year
Rate
change
Transfer
Exchange
movements
Closing
balance
Fixed assets (1,126) 18 (10) 84 (47) (127) (1,208)
Employee leaving indemnities and other
employee related provisions 492 (6) (13) – – (1) 472
Tax losses carried forward 396 15 (42) – – 41 410
Fair value losses recognised on cash
flow hedges 330 – (41) – – 9 298
Employee benefit plans 248 – (125) – – 45 168
Tax assets in relation to tax credits
and deductions 89 (10) (1) – – – 78
Share-based payment schemes 22 3 (4) – – 1 22
Foreign exchange (16) 4 20 – – – 8
Deferred revenue in relation to customer
loyalty programmes 17 – (16) – – – 1
Other items 39 9 (11) – 5 6 48
Total deferred tax 491 33 (243) 84 (42) (26) 297
Within tax in Other comprehensive income is a tax charge of €53 million that may be reclassified subsequently to the Income
statement and a tax charge of €127 million that may not.
Detailed deferred tax movement in respect of current year in the Income statement, Other comprehensive income and
Statement of changes in equity
For the year to December 31, 2016
Other
comprehensive
income
Statement of
changes in
equity
€ million
Income
statement
Total
Fixed assets (8) – – (8)
Employee leaving indemnities and other employee related provisions (99) – – (99)
Tax losses carried forward (9) – – (9)
Fair value losses recognised on cash flow hedges (5) (187) – (192)
Employee benefit plans (13) 345 – 332
Share-based payment schemes (1) – (7) (8)
Foreign exchange 6 – – 6
Deferred revenue in relation to customer loyalty programmes 1 – – 1
Other items (2) – – (2)
Total deferred tax (130) 158 (7) 21
For the year to December 31, 2015
Other
comprehensive
income
Statement of
changes in
equity
€ million
Income
statement
Total
Fixed assets (10) – – (10)
Employee leaving indemnities and other employee related provisions (13) – – (13)
Tax losses carried forward (42) – – (42)
Fair value losses recognised on cash flow hedges 12 (53) – (41)
Employee benefit plans 2 (127) – (125)
Tax assets in relation to tax credits and deductions (1) – – (1)
Share-based payment schemes – – (4) (4)
Foreign exchange 20 – – 20
Deferred revenue in relation to customer loyalty programmes (16) – – (16)
Other items (11) – – (11)
Total deferred tax (59) (180) (4) (243)
INTERNATIONAL AIRLINES GROUP
Annual Report and Accounts 2016