AIRBUS - 2020 Financial Statement
4. Notes to the IFRS Company Financial Statements /
Deferred income taxes as of 31 December 2019 are related to the following assets and liabilities:
Movement through income statement
Other movements
1 January 2019
31 December 2019
Deferred tax liabilities OCI Others
Deferred tax benefit (expense)
Deferred tax liabilities
Deferred tax assets
Deferred tax assets
(In € million)
Securities
0
(8)
(42)
0
0
0
(50)
Financial instruments
0
(1)
0
0
(5)
0
(6)
Net operating loss and tax loss carry forwards Deferred tax assets (liabilities) before offsetting
21
0
0
0
11
22
0
21
(9)
(42)
0 0 0
5 0 5
22
(56)
Set-off
(9)
9
0
(22)
22
Net deferred tax assets (liabilities)
12
0 (42)
0
(34)
Details of deferred tax recognised cumulatively in equity are as follows:
31 December
2020
2019
(In € million)
(41)
(50)
Financial instrument at fair value through OCI
Total
(41)
(50)
Deferred tax on net operating losses (“NOLs”), trade tax loss carry forwards and tax credit carry forwards are:
31 December
2020
2019
(In € million)
NOL
38
97
0
0
Tax credit carry forwards
10
22
Tax effect
0
0
Valuation allowances
Deferred tax assets on NOLs and tax credit carry forwards
10
22
The first tranche of tax loss carry forwards (€38 million) will expire by the end of 2027.
98
Airbus / Financial Statements 2020
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