Financial Statements 2021
4. Notes to the IFRS Company Financial Statements /
Deferred income taxes as of 31 December 2020 are related to the following assets and liabilities:
Movement through income statement Deferred tax benefit (expense)
Other movements
1 January 2020
31 December 2020
Deferred tax assets
Deferred tax liabilities OCI Others
Deferred tax assets
Deferred tax liabilities
(In € million)
Securities
0
(50)
9
0
0
0
(41)
Financial instruments
0
(6)
0
0
10
4
0
Net operating loss and tax loss carry forwards
22
0
0
0
(12)
10
0
Deferred tax assets (liabilities) before offsetting
22
(56)
9 0 9
0 0 0
(2)
14
(41)
Set-off
(22)
22
0
(14)
14
Net deferred tax assets (liabilities)
0
(34)
(2)
0
(27)
Details of deferred tax recognised cumulatively in equity are as follows:
31 December
2021
2020
(In € million)
(15)
(41)
Financial instrument at fair value through OCI
Total
(15)
(41)
Deferred tax on net operating losses (“NOLs”), trade tax loss carry forwards and tax credit carry forwards are:
31 December 31
2021
2020
(In € million)
NOL
292
38
0
0
Tax credit carry forwards
75
10
Tax effect
(75)
0
Valuation allowances
Deferred tax assets on NOLs and tax credit carry forwards
0
10
As of 1 January 2022, tax losses can be carried forward indefinitely but profits in one year which exceed €1 million will only be offsettable for up to 50 per cent of that higher taxable profit against losses, minus an amount of €1 million.
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Airbus / Financial Statements 2021
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