Annual Report 2011-2012

10. Deferred tax assets and liabilities

10. Deferred tax assets and liabilities
in CHF thousand Switzerland France Germany Netherlands Holding 1 Total
             
Financial year 2011/2012            
Deferred tax assets arising from:            
– Tax loss carry-forwards 4 926 0 9 380 0 0 14 306
– Negative valuations of investment properties 0 0 0 3 152 0 3 152
– Derivative financial instruments 0 0 2 140 0 0 2 140
– Other valuation differences 0 0 0 0 170 170
Total deferred tax assets as of 31.3.2012 4 926 0 11 520 3 152 170 19 768
             
Deferred tax liabilities arising from:            
– Positive valuations of investment properties 24 706 0 8 214 3 152 0 36 072
– Derivative financial instruments 0 0 0 0 0 0
– Other valuation differences 833 0 75 0 0 908
Total deferred tax liabilities as of 31.3.2012 25 539 0 8 289 3 152 0 36 980
             
Net amounts as presented in balance sheet            
Presented deferred tax assets 0 0 3 438 0 170 3 608
Presented deferred tax liabilities 20 613 0 207 0 0 20 820
             
Net deferred tax liabilities            
Balance as of 31.3.2011 –19 325 0 3 814 0 132 –15 379
Deferred taxes recognized in Profit & Loss –4 312 0 –997 0 38 –5 271
Deferred taxes recognized in equity 3 024 0 693 0 0 3 717
Currency translation adjustments 0 0 –278 0 0 –278
Balance as of 31.3.2012 –20 613 0 3 231 0 170 –17 211

1Related to all non-property companies.

in CHF thousand Switzerland France Germany Netherlands Holding 1 Total
             
Financial year 2010/2011            
Deferred tax assets arising from:            
– Tax loss carry-forwards 585 0 8 694 0 0 9 279
– Negative valuations of investment properties 0 0 540 4 922 0 5 462
– Derivative financial instruments 0 0 1 615 0 0 1 615
– Other valuation differences 0 0 0 0 132 132
Total deferred tax assets as of 31.3.2011 585 0 10 849 4 922 132 16 488
             
Deferred tax liabilities arising from:            
– Positive valuations of investment properties 18 923 0 6 898 4 922 0 30 743
– Derivative financial instruments 334 0 0 0 0 334
– Other valuation differences 653 0 137 0 0 790
Total deferred tax liabilities as of 31.3.2011 19 910 0 7 035 4 922 0 31 867
             
Net amounts as presented in balance sheet            
Presented deferred tax assets 585 0 4 132 0 132 4 849
Presented deferred tax liabilities 19 910 0 318 0 0 20 228
             
Net deferred tax liabilities            
Balance as of 31.3.2010 –14 380 0 3 370 0 105 –10 905
Deferred taxes recognized in Profit & Loss –4 611 0 2 166 0 27 –2 418
Deferred taxes recognized in equity –334 0 –1 329 0 0 –1 663
Currency translation adjustments 0 0 –393 0 0 –393
Balance as of 31.3.2011 –19 325 0 3 814 0 132 –15 379

1Related to all non-property companies.

in CHF thousand Switzerland France Germany Netherlands Holding 1 Total
             
Tax loss carry-forwards            
As of 31.3.2012 23 271 49 098 91 455 36 619 351 966 552 409
Maturity within            
1 to 12 months 0 0 0 0 0 0
1 to 3 years 0 0 0 2 540 0 2 540
3 to 5 years 461 0 0 2 393 87 231 90 085
more than 5 years 22 810 0 0 31 686 264 735 319 231
without time limitation 0 49 098 91 455 0 0 140 553
Captialization:            
not capitalized 0 49 098 59 017 36 619 351 966 496 700
capitalized 23 271 0 32 438 0 0 55 709
capitalized at reference tax rate 4 926 0 9 380 0 0 14 306
             
As of 31.3.2011 2 763 49 444 96 019 11 260 335 072 494 558
Maturity within            
1 to 12 months 0 0 0 0 0 0
1 to 3 years 0 0 0 3 452 0 3 452
3 to 5 years 0 0 0 2 583 0 2 583
more than 5 years 2 763 0 0 5 225 335 072 343 060
without time limitation 0 49 444 96 019 0 0 145 463
Captialization:            
not capitalized 0 49 444 61 587 11 260 335 072 457 363
capitalized 2 763 0 34 432 0 0 37 195
capitalized at reference tax rate 585 0 8 694 0 0 9 279

1Related to all non-property companies.

PDF Downloads

Annual Report 2011-2012

Annual Report 2011-2012 (8.16 MB)