EN
PL
As at 31 December 2016, undisclosed deferred tax assets related to tax losses were as follows:
- in Link4: PLN 17 million (as at 31 December 2015: PLN 11 million) – their realization will be possible in the period of up to 5 years counted from the moment in which Link4 ceases to be part of the TCG;
- in PZU Lietuva Gyvybes Draudimas: PLN 2 million (as at 31 December 2015: PLN 2 million) – unlimited period for realization.
| Changes in deferred tax assets in the year ended 31 December 2016 | Opening balance | Changes recognized in profit or loss | Changes recognized in other comprehensive income | Change in group composition | Other changes 1) | Closing balance |
|---|---|---|---|---|---|---|
| Loan receivables from clients | 230 | 6 | - | 74 | - | 310 |
| Bank commissions collected in advance | 145 | 51 | - | 98 | - | 294 |
| Liabilities to clients | 27 | -5 | - | 2 | - | 24 |
| Intangible assets – trademarks and customer relations | -57 | 9 | - | - | - | -48 |
| Financial instruments | -2 | 13 | 21 | 1 | - | 33 |
| Property | -4 | 4 | - | - | - | - |
| Other provisions and accruals | 12 | 39 | - | -113 | 5 | -57 |
| Tax losses to be used in future periods | 3 | -1 | - | - | 3 | 5 |
| Provision for PTE’s reimbursement of undue handling fees to the Social Insurance Institution | 2 | - | - | - | - | 2 |
| Provision for restructuring expenses | - | 37 | - | 11 | - | 48 |
| Tax allowance regarding operations in the special economic zone | 13 | - | - | - | - | 13 |
| Total deferred tax assets | 369 | 153 | 21 | 73 | 8 | 624 |
| Changes in deferred tax assets in the year ended 31 December 2015 (restated) | Opening balance | Changes recognized in profit or loss | Change in group composition | Other changes 1) | Closing balance |
| Loan receivables from clients | - | - | 230 | - | 230 |
| Bank commissions collected in advance | - | - | 145 | - | 145 |
| Liabilities to clients | - | - | 27 | - | 27 |
| Intangible assets – trademarks and customer relations | - | - | (57) | - | (57) |
| Financial instruments | (1) | 1 | (4) | 2 | (2) |
| Receivables | 1 | (1) | - | - | - |
| Property | 2 | (2) | - | (4) | (4) |
| Provisions for employee benefits | 1 | - | - | (1) | - |
| Provision for bonuses | 2 | - | - | (2) | - |
| Other provisions and accruals | 8 | - | 8 | (4) | 12 |
| Tax losses to be used in future periods | 7 | (1) | 3 | (6) | 3 |
| Provision for PTE’s reimbursement of undue handling fees to the Social Insurance Institution | 1 | 1 | - | - | 2 |
| Tax allowance regarding operations in the special economic zone | 6 | 7 | - | - | 13 |
| Total deferred tax assets | 27 | 5 | 352 | (15) | 369 |
1) The item presents deferred assets and tax liabilities in some of PZU Group entities.
