Notes to the consolidated financial statements (IFRS)

17. DEFERRED INCOME TAX
 
The analysis of deferred tax assets and deferred tax liabilities
 
EUR million         31 Dec 2015 31 Dec 2014
Deferred tax assets    
Deferred tax asset to be recovered after more than 12 months 21.2 18.00
Deferred tax asset to be recovered within 12 months 10.4 9.90
Total         31.6 27.9
     
Deferred tax liabilities    
Deferred tax liability to be recovered after more than 12 months 26.9 20.10
Deferred tax liability to be recovered within 12 months 1.8 2.80
Total         28.7 22.9
     
Net deferred tax asset 2.9 5.0
             
The movement in deferred income tax assets and liabilities on gross basis during the year
 
  1 Jan 2015 Charged to income statement Charged to other comprehensive income Aquisitions and disposals Other changes 31 Dec 2015
Deferred tax asset            
Restructuring costs 5.2 -3.2 - - -0.1 1.9
Other provisions 2.7 -0.9 - - -0.1 1.7
Employee benefits 5.6 0.1 -1.5 - - 4.2
Depreciation difference 8.8 0.4 - - - 9.2
Other temporary difference 5.1 -0.9 - 0.1 0.2 4.5
Fair value adjustment - - - - - -
Tax losses carried forward 0.5 -1.3 - 10.9 - 10.1
Total 27.9 -5.8 -1.5 11.0 0.0 31.6
             
Deferred tax liability            
Depreciation difference 0.1 - - - - 0.1
Intangible assets 20.5 0.2 - 3.7 0.3 24.7
Employee benefits 0.2 0.4 1.0 - - 1.6
Finance Lease 0.6 - - - - 0.6
Fair value adjustment - - - - - -
Other temporary difference 1.5 0.1 - 0.1 - 1.7
Total 22.9 0.7 1.0 3.8 0.3 28.7
             
Net deferred tax asset 5.0 -6.5 -2.5 7.2 -0.3 2.9
             
The movement in deferred income tax assets and liabilities on gross basis during the year
             
  1 Jan 2014 Charged to income statement Charged to other comprehensive income Aquisitions and disposals Other changes 31 Dec 2014
Deferred tax asset            
Restructuring costs 2.4 2.8 - - - 5.2
Other provisions 3.5 -0.7 - - -0.1 2.7
Employee benefits 4.4 0.5 0.8 - -0.1 5.6
Depreciation difference 8.5 -0.2 - 0.5 - 8.8
Other temporary difference 5.9 -1.0 - - 0.2 5.1
Fair value adjustment 0.4 - -0.3 - -0.1 -
Tax losses carried forward 2.2 -1.6 - - -0.1 0.5
Total 27.3 -0.2 0.5 0.5 -0.2 27.9
             
Deferred tax liability            
Depreciation difference 0.1 - - - - 0.1
Intangible assets 21.4 0.1 - - -1.0 20.5
Employee benefits 1.5 0.9 -2.1 - -0.1 0.2
Finance Lease 0.2 0.4 - - - 0.6
Fair value adjustment - - - - - -
Other temporary difference 2.4 -0.7 - - -0.2 1.5
Total 25.6 0.7 -2.1 - -1.3 22.9
             
Net deferred tax asset 1.7 -0.9 2.6 0.5 1.1 5.0
 
At 31 December 2015 the Group had deferred tax assets on recognized tax losses carried forward totalling EUR 10.1 million (EUR 0.5 million in 2014) of which EUR 9.8 million had no expiry date and EUR 0.2 million will expire during the years 2016-2020 and the remainder thereafter.
     
At 31 December 2015 the Group had deferred tax assets on operational tax losses carried forward totalling EUR 5.7 million (EUR 1.3 million in 2014) which were not recognized due to uncertainty of utilization.
     
The Group does not provide for deferred taxes on undistributed earnings of subsidiaries if such earnings may be transferred to the Parent Company without any tax consequences or to the extent such earnings are not expected to be repatriated in the foreseeable future. The amount of profits on which no deferred tax liability is recorded is EUR 40.6 million as at 31 December 2015 (EUR 37,6 million in 2014) .