41.3 Deferred tax assets

Reference Areas:
Health
Investments
Banking
Best Pratices in PZU

As at 31 December 2017, unrecognized deferred tax assets related to tax losses were as follows:

  • in Link4: PLN 14 million (as at 31 December 2016: PLN 17 million) – realization will be possible within a 5-year period counted from the moment in which Link4 ceases to be part of the Tax Group;
  • in PZU Lietuva Gyvybes Draudimas: PLN 2 million (as at 31 December 2016: PLN 2 million) – unrestricted realization period.

Movement in deferred tax assets in the year ended 31 December 2017  Beginning of the periodChanges recognized in profit or lossChanges recognized in other comprehen sive incomeChange in the composition of the Group  Other changes  End of the period
Loan receivables from clients319(48)-524-795
Bank commissions collected in advance2946-178-478
Liabilities to clients2411-33-68
Intangible assets – trademarks and customer relations(48)39-(331)-(340)
Financial instruments3361(25)1691239
Real property-15-(75)(4)(64)
Accrued reinsurance income and expenses-18---18
Provisions for employee benefits(1)4(2)741085
Provisions for bonuses-20-311667
Other provisions and liabilities(57)107(2)245(15)278
Tax losses to be used in subsequent years51-25-31
Provision for restructuring expenses48(41)---7
Tax allowance for activities conducted in a special economic zone13(13)----
Total deferred tax assets633176(27)799(4)1,577
Movement in deferred tax assets in the year ended 31 December 2016 (restated)  Beginning of the periodChanges recognized in profit or lossChanges recognized in other comprehen sive incomeChange in the composition of the Group  Other changes  End of the period
Loan receivables from clients2306-83-319
Bank commissions collected in advance14551-98-294
Liabilities to clients27(5)-2-24
Intangible assets – trademarks and customer relations(57)9---(48)
Financial instruments(2)13211-33
Real property(4)4----
Other provisions and liabilities1239-(113)5(57)
Tax losses to be used in subsequent years3(1)--35
Provision for restructuring expenses-37-11-48
Tax allowance for activities conducted in a special economic zone13----13
Total deferred tax assets36915321828633
 

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