Annual Report 2006 ISS Global A/S

NOTES TO THE FINANCIAL STATEMENTS OF THE PARENT COMPANY
1 January - 31 December. Amounts in DKK millions
7. Taxes
Income
taxes
Balance at 1 January -
Adjustments relating to prior years, net (3)
Tax regarding equity movements -
Tax on profit before tax (16)
(19)
Reclassification of joint taxation contribution -
Tax received, net -
Taxes at 31 December (19)
Tax
payables/
(receivables)
(19)
3
19
(27)
(24)
(128)
137
(15)
Deferred
tax
liabilities/
(assets)
(155)
-
-
43
(112)
-
-
(112)
Income
taxes
-
2
-
22
24
-
-
24
Tax
payables/
(receivables)
Equipment -
Provisions 112
Deferred tax assets 112
Unrecognised tax assets 2006 2005
7
91
(20)
40
118
93
(230)
(19)
2006
Total Recognised
Unrecognised
Total Recognised
9
2006 2005
-
9 2
8. Net proceeds from financing 2006
Long-term and short-term debt at 1 January (16,154)
Foreign exchange and other adjustments 3
Fair value adjustment and amortisation of gain/losses related to swaps 153
Reversal of effect from loan costs 57
Long-term and short-term debt at 31 December 19,492
-
Deferred
tax
liabilities/
(assets)
A deferred tax liability associated with investments in subsidiaries and joint ventures has not been recognised, because ISS Global
A/S is able to control the timing of the reversal of the temporary differences and does not expect the temporary differences to reverse
in the foreseeable future.
Net proceeds from financing 3,551
(0)
(93)
-
(62)
(155)
-
-
(155)
2005
0
155
155
Unrecognised
ISS Global A/S has unrecognised deferred tax assets (tax loss carried forward). The unrecognised tax loss can be carried forward
indefinitely.
2005
2
(10,362)
(92)
(247)
-
16,154
_____________________________________________________________________________________________________________
ANNUAL REPORT 2006 / Parent Company Financial Statements
114
5,453