During the year the Group derecognised €0 million (€3 million) of deferred tax assets.
Recognition of deferred tax assets
Deferred tax assets, including those related to unused tax losses, are recognised to the extent that management is confident that future taxable profit will be available against which the assets can be utilised.
Unrecognised deferred tax assets
Deferred tax assets have not been recognised in respect of the following items:
|
€’000 |
2010 |
2009 |
|
Property, plant and equipment & intangible assets |
446 |
1,606 |
|
Inventories |
1,356 |
2,938 |
|
Trade and other receivables |
2,036 |
3,803 |
|
Accruals |
8,572 |
28,974 |
|
Other |
830 |
1,394 |
|
Total temporary differences* |
13,240 |
38,715 |
|
Tax losses** |
135,344 |
142,794 |
|
Total |
148,583 |
181,509 |
* The deductible temporary differences do not expire under current tax legislation.
** Of which €3 million (€3 million) expire within one year, €14.6 million (€34.3 million) expire between one and five years and 117.7 million (€105.5 million) in more than 5 years.
Deferred tax assets have not been recognised in respect of these items because it is not probable that future taxable profits will be available against which the Group can utilise the benefits.