Translation of "Passiv latente steuern" in English

The amounts to be paid are IT (deferred tax liabilities).

Deferred tax liabilities are recognized on temporary differences taxable in the future.

Deferred tax assets and liabilities are offset in conformity with IAS 12.74.

The deferred tax assets and liabilities are as follows:

The increase was primarily the result of higher deferred taxes.

Temporary differences are always considered, if they result in deferred tax liabilities.

In accordance with the provisions in IAS 12, deferred tax assets and liabilities are not discounted.

The change in the difference between deferred tax assets and liabilities amounts to EUR –5.8 million (March 31, 2017: EUR –26.0 million).

This adjustment resulted in a reduction of deferred tax liabilities and a corresponding decline of €13.1million in goodwill.

Deferred tax liabilities were not recognized for differences on €18,272 million (2016: €20,069 million) of retained earnings of subsidiaries because these earnings are to be reinvested for an indefinite period.

Non-current deferred tax liabilities increased by €60.1 million to €419.5 million due to the acquisition of Olympia Brno and additional provisions.

Deferred tax assets and liabilities are established for temporary differences between the tax bases of assets and liabilities and their carrying amount in the consolidated balance sheet (‘balance sheet liability method’).

The deferred tax liabilities essentially related to the purchase price allocation in the acquisition of the KIONGroup and Dematic, particularly for intangible assets and property, plant and equipment.

When assessing the requirements to recognise deferred tax assets and liabilities retrospectively, entities would need to assess if a tax temporary difference existed at the date of initial recognition of a transaction.

Deferred tax liabilities must be carried for all taxable temporary differences between the carrying amount and the tax base of an asset and a liability.

Here the asset-side and liabilities-side deferred taxes of a company which meet the requirements of IAS 12.74 are balanced.

Deferred tax assets and liabilities are recognised in accordance with the liability method for all temporary differences between the IFRS carrying amounts and the tax base, as well as for temporary differences resulting from consolidation measures.

Improved information obtained about the acquired assets in the first quarter of 2016 in the course of the global purchase price allocation led to decreases of €23 million in intangible assets and €8 million in deferred tax liabilities and a corresponding increase of €13 million in goodwill in the opening statement of financial position.

Amendments to tax laws and regulations, legal judgments and their interpretation by the tax authorities, and the findings of tax audits in these countries may result in higher tax expense and payments, thus also influencing the level of tax receivables, tax liabilities and deferred tax assets and liabilities.

Associated deferred tax liability which would be extinguished if the intangible asset becomes impaired or derecognised.

The Committee then discussed whether an entity (a) recognises deferred taxes for these temporary differences or (b) applies the initial recognition exemption in paragraphs 15 and 24 of IAS 12 Income Taxes, which prohibits an entity from recognising deferred tax assets and liabilities on initial recognition of an asset or liability in a transaction, which is not a business combination.

Deferred tax assets and liabilities are recognised in accordance with the liability method for all temporary differences between the IFRS carrying amounts and the tax base, as well as for temporary consolidation measures.

Deferred tax liabilities are recognized for all taxable temporary differences insofar as the accounting regulations foresee no exception. LIABILITIES

In compliance with IAS 12.24 (b) and IAS 12.15 (b), deferred tax assets or liabilities were only recognised for temporary differences between the carrying amounts in the IFRS financial statements and in the tax accounts of Deutsche Post AG where the differences arose after 1 January 1995.

Deferred tax assets and liabilities are formed for temporary differences between tax bases and carrying amounts, and for consolidation measures recognized in the statement of income.

The change in the balance between deferred tax assets and liabilities amounts to EUR –26.0 million (March 31, 2016: EUR –55.2 million).

Deferred tax assets and liabilities are measured on the basis of tax rates applicable on the date when the temporary differences are expected to reverse.