Airbus - Financial Statements 2022
2. Notes to the IFRS Consolidated Financial Statements Airbus Performance
Deferred taxes on net operating losses (“NOLs”), trade tax loss carry forwards and tax credit carry forwards are:
31 December 2022
Other countries
31 December 2021
France Germany
Spain
UK
(In € million)
NOL
60
3,429
94
1,130
3,448
8,161
8,285
Trade tax loss carry forwards
0
3,719
0
0
0
3,719
3,530
Tax credit carry forwards
0
0
223
0
2
225
221
Tax effect
15
1,069
246
283
893
2,506
2,519
Valuation allowances
(12)
(587)
(127)
(92)
(852)
(1,670)
(2,001)
Deferred tax assets on NOLs and tax credit carry forwards
3
482
119
191
41
836
518
NOLs, capital losses and trade tax loss carry forwards are indefinitely usable under certain restrictions in France, Germany, the UK and Spain. They are usable for 20 years in Canada. In Spain, R&D tax credit carry forwards will expire after 18 years. Roll forward of deferred tax:
2022
2021
(In € million)
Net deferred tax assets at 1 January
4,207
3,572
Deferred tax expense in income statement
(403)
(505)
Deferred tax recognised directly in AOCI
935
1,435
Deferred tax on remeasurement of the net defined benefit pension plans
(320)
(368)
Others
100
73
Net deferred tax assets at 31 December
4,519
4,207
Details of deferred tax recognised cumulatively in equity are as follows:
2022
2021
(In € million)
Financial assets at fair value through OCI
(24)
(102)
Cash flow hedges
2,180
1,323
Deferred tax on remeasurement of the net defined benefit pension plans
1,806
2,126
Total
3,962
3,347
34
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