Investor Presentaiton
En+
GROUP
FINANCIAL STATEMENTS
(b)
Recognised deferred tax assets and liabilities
Deferred tax assets and liabilities are attributable to the following items:
EN+ GROUP IPJSC
Notes to the Consolidated Financial Statements
for the year ended 31 December 2021
(c)
Movement in temporary differences during the year
En+ Group Annual Report 2021
EN+ GROUP IPJSC
Notes to the Consolidated Financial Statements
for the year ended 31 December 2021
1 January
USD million
2021
2020
Property, plant and equipment
(1,215)
Inventories
(1,215)
50
Trade and other receivables
50
16
575
Recognised in
profit or loss
Currency
translation
50
12
1
31 December
2021
(1,153)
58
29
16
Trade and other payables and
advances received
29
23
Financial instruments
2
(4)
(2)
Tax loss carry-forwards
Others
187
(100)
3
90
36
5
41
(895)
(35)
16
(914)
Assets
Liabilities
Net
31 December
31 December
31 December
USD million
2021
2020
2021
Property, plant and equipment
Inventories
97
72
(1,250)
71
65
(13)
Trade and other receivables
61
40
(32)
2020
(1,287)
(15)
(24)
2021
(1,153)
58
29
Trade and other payables and
advances received
23
29
23
29
Financial instruments
Tax loss carry-forward
Others
Tax assets/(liabilities)
3
8
(5)
(6)
(2)
2
90
187
90
187
133
119
(92)
(83)
41
36
478
520
(1,392)
(1,415)
(914)
(895)
Set off of tax
(328)
(276)
328
276
Net deferred tax assets/(liabilities)
150
244
(1,064)
(1,139)
(914)
(895)
164
1 January
USD million
2020
Recognised in
profit or loss
Recognised
in equity
Currency
translation
31 December
2020
Property, plant and
equipment
(1,307)
12
(46)
Inventories
87
(37)
Trade and other receivables
15
2
Trade and other payables
and advances received
29
1
Financial instruments
(1)
3
Tax loss carry-forwards
78
113
Others
21
20
(1,078)
114
(46)
126
(1,215)
(1)
50
16
(1)
29
2
(4)
187
(5)
36
115
(895)
Recognised tax losses expire in the following years:
Year of expiry
Without expiry
31 December
2021
USD million
31 December
2020
USD million
90
187
90
187
(d)
Unrecognised deferred tax assets
Deferred tax assets have not been recognised in respect of the following items:
Deductible temporary differences
Tax loss carry-forwards
31 December
2021
31 December
2020
USD million
USD million
1,009
510
976
444
1,519
1,420
Deferred tax assets have not been recognised in respect of these items because it is not probable that future
taxable profits will be available against which the Group can utilise the benefits therefrom. Tax losses expire
in the following years:
Year of expiry
Without expiry
Up to 1 year
31 December
2021
USD million
510
510
31 December
2020
USD million
443
1
444
STRATEGIC REPORT
CORPORATE GOVERNANCE
FINANCIAL STATEMENTS
Appendices
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