42.2 Deferred tax liabilities

Changes in deferred tax liabilities in the year ended 31 December 2016 Opening balance Changes recognized in profit or loss Changes recognized in other comprehensive income Other changes Closing balance
Financial instruments 233 (111) (20) 6 108
Subrogation receivables (2) 6 - - 4
Property 51 29 1 (21) 60
Deferred acquisition costs 205 49 - - 254
Accrued revenue and reinsurance costs 15 13 - - 28
Intangible assets – trademarks and customer relations 44 (4) - 1 41
Provisions for employee benefits (14) 1 1 1 (11)
Provision for bonuses (44) (4) - 2 (46)
Liabilities due to natural persons (under personal service contracts, agency contracts etc.) (50) (10) - - (60)
Other provisions and accruals (80) (3) - 3 (80)
Prevention Fund 16 - - - 16
Equalization provision 121 6 - - 127
Provision for restructuring expenses (1) 1 - - -
Tax losses to be used in future periods (19) (6) - 3 (22)
Other differences 34 13 - 3 50
Total deferred tax liabilities 509 (20) (18) (2) 469

Changes in deferred tax liabilities in the year ended 31 December 2015 Opening balance Changes recognized in profit or loss Changes recognized in other comprehensive income Other changes 1) Closing balance
Financial instruments 282 (51) 1 1 233
Subrogation receivables (2) - - - (2)
Property 37 16 2 (4) 51
Deferred acquisition costs 121 84 - - 205
Accrued revenue and reinsurance costs (24) 39 - - 15
Intangible assets – trademarks and customer relations 66 (22) - - 44
Provisions for employee benefits (21) 7 - - (14)
Provision for bonuses (44) 1 - (1) (44)
Liabilities due to natural persons (under personal service contracts, agency contracts etc.) (47) (3) - - (50)
Other provisions and accruals (104) 29 - (5) (80)
Prevention Fund 18 (2) - - 16
Equalization provision 114 7 - - 121
Provision for restructuring expenses (2) 1 - - (1)
Tax losses to be used in future periods - (13) - (6) (19)
Other differences 704 830 - - 34
Total deferred tax liabilities 398 123 3 (15) 509

1) The item presents deferred assets and tax liabilities in some of PZU Group entities.

   

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