Translation of "Passiven latenten steuern" in English

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.

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.

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.

In this latter situation the staff think the entity applies the initial recognition exemption and thus does not recognise a deferred tax asset or liability on initial recognition of the lease asset and lease liability.

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.

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.

This would avoid any asymmetrical issues arising between the deferred tax asset and deferred tax liability recognised and subsequently measured.

Deferred tax liabilities were not recognized for temporary differences on €12,087 million (2014: €8,648 million) of retained earnings of subsidiaries because these earnings are to be reinvested for an indefinite period.

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

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

In addition to the increase in other intangible assets, this adjustment also caused a countervailing increase in the deferred tax liabilities recognised thereon, which caused the goodwill recognised as at 30June 2016 to reduce by a total of €2.0million .

The following chart illustrates the gross changes in cash flow hedges together with the changes in the deferred tax assets and liabilities recognized under other comprehensive income (OCI) and the net changes (net of taxes) in cash flow hedges over the past three years.

In accordance with IAS 12.74, deferred tax assets on existing loss carryforwards are offset against deferred tax liabilities.

The deferred tax assets and liabilities existing at December 31, 2007 are itemized in the table below:

Deferred taxes are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse.

Deferred tax assets and liabilities are offset, insofar as this meets the requirements of IAS 12.74.

These negative items were partly offset by a tax credit of EUR48 million arising from the reversal of deferred tax liabilities recognized as a result, in particular, of changes to tax rates in 2007.

In addition to the increase in other intangible assets, this adjustment also caused a countervailing increase in the deferred tax liabilities recognised thereon, which caused the goodwill recognised to reduce by a total of €2.0million .

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.

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

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’).

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.

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.