Investor Presentaiton
81
A.P. Moller-Maersk Annual Report 2020
Financials
Consolidated financial statements
Notes index
Note 9 Deferred tax
Recognised deferred tax assets and liabilities are attributable to the following:
Table 9.1
Assets
Liabilities
Net liabilities
2020
2019
2020
2019
2020
2019
Intangible assets
31
32
269
203
238
171
Property, plant and equipment
46
49
288
201
242
152
Provisions, etc.
128
110
66
42
-62
-68
Tax loss carry-forwards
87
129
-87
-129
Other
89
44
34
43
-55
-1
Total
381
364
657
489
276
125
Offsets
-132
-127
-132
-127
Total
249
237
525
362
276
125
Table 9.2
Change in deferred tax, net, during the year
1 January
Intangible assets
2020
2019
125
105
63
-15
Property, plant and equipment
-4
-6
Provisions, etc.
-1
36
Tax loss carry-forwards
46
31
Other
-50
-37
Recognised in the income statement
54
9
Transfer to held for sale
Other including business combinations
31 December
-12
109
276
11
125
Table 9.3
Unrecognised deferred tax assets - continuing operations
2020
2019
Deductible temporary differences
129
141
Tax loss carry-forwards
823
768
Unused tax credits
10
13
Total
962
922
Table 9.3
The unrecognised deferred tax assets have no significant
time limitations. There are no substantial unrecognised
tax liabilities on investments in subsidiaries, associated
companies and joint ventures.
Amounts in USD million
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