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44.3 Quantitative data

Annual Report 2019 > Results 2019 > Supplementary Information and Notes > 44 Deferred Tax > 44.3 Quantitative data
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44.3.1.  Deferred tax assets

Unrecognized deferred tax assets resulting from the tax loss according to legally permissible realization term 31 December 2019 31 December 2018
up to 1 year 1 4
1 to 5 years 14 9
over 5 years 3 6
term unlimited by law 2 2
Total 20 21
 
Movement in deferred tax assets in the year ended 31 December 2019 Balance at the beginning of the period Changes recognized in the financial result Changes recognized in other comprehensive income Other changes Balance at the end of the period
Loan receivables from clients 1,158 (25) (4) 14 1,143
Upfront bank commissions 580 36 - 4 620
Liabilities to clients under deposits 58 9 - 1 68
Intangible assets – trademarks and client relations (291) 50 - (5) (246)
Financial instruments 237 (79) (38) 1 121
Real property (61) 12 - (3) (52)
Accrued reinsurance income and expenses 34 (16) - - 18
Provisions for employee benefits 72 (2) - - 70
Provisions for bonuses 74 (15) - 4 63
Other provisions and liabilities 332 119 - 17 468
Tax losses carried forward 37 (1) - - 36
Provision for restructuring expenses 4 - - - 4
Total deferred tax assets 2,234 88 (42) 33 2,313
 
Movement in deferred tax assets in the year ended 31 December 2018 Balance at the beginning of the period The effect of the application of IFRS 9 Changes recognized in the financial result Changes recognized in other comprehensive income Other changes Balance at the end of the period
Loan receivables from clients 809 308 48 (7) - 1,158
Upfront bank commissions 478 45 57 - - 580
Liabilities to clients under deposits 68 - (10) - - 58
Intangible assets – trademarks and client relations (340) - 49 - - (291)
Financial instruments 248 - 11 (21) (1) 237
Real property (74) - 13 - - (61)
Accrued reinsurance income and expenses 18 - 16 - - 34
Provisions for employee benefits 85 - (13) - - 72
Provisions for bonuses 67 - 7 - - 74
Other provisions and liabilities 193 - 139 - - 332
Tax losses carried forward 31 - 7 - (1) 37
Provision for restructuring expenses 7 - (3) - - 4
Total deferred tax assets 1,590 353 321 (28) (2) 2,234

44.3.2.  Deferred tax liability

Movement in deferred tax liabilities in the year ended 31 December 2019 Balance at the beginning of the period Changes recognized in the financial result Changes recognized in other comprehensive income Other changes Balance at the end of the period
Financial instruments 122 153 74 1 350
Recourse receivables 9 (1) - - 8
Real property 57 (7) 1 24 75
Deferred acquisition expenses 277 5 - - 282
Accrued reinsurance income and expenses (6) - - - (6)
Intangible assets – trademarks and client relations 58 2 - (1) 59
Provisions for employee benefits (15) (3) - - (18)
Provision for bonuses (53) (4) - 5 (52)
Liabilities unpaid to natural persons (under mandate contracts, agency contracts etc.) (73) (4) - - (77)
Other provisions and liabilities (105) (3) - 4 (104)
Prevention fund 14 (1) - - 13
Equalization provision 145 (1) - - 144
Tax losses carried forward (17) 3 - (3) (17)
Other differences 73 - - 4 77
Total movement in deferred tax liabilities 486 139 75 34 734
 
Movement in deferred tax liabilities in the year ended 31 December 2018 Balance at the beginning of the period The effect of the application of IFRS 9 Changes recognized in the financial result Changes recognized in other comprehensive income Other changes Balance at the end of the period
Financial instruments 229 (3) (45) (60) 1 122
Recourse receivables 9 - - - - 9
Real property 73 - 14 1 (31) 57
Deferred acquisition expenses 268 - 9 - - 277
Accrued reinsurance income and expenses 14 - (20) - - (6)
Intangible assets – trademarks and client relations 61 - (3) - - 58
Provisions for employee benefits (12) - (3) - - (15)
Provision for bonuses (50) - (3) - - (53)
Liabilities unpaid to natural persons (under mandate contracts, agency contracts etc.) (65) - (8) - - (73)
Other provisions and liabilities (89) (1) (15) - - (105)
Prevention fund 17 - (3) - - 14
Equalization provision 137 - 8 - - 145
Tax losses carried forward (18) - (2) - 3 (17)
Other differences 64 (3) 12 - - 73
Total movement in deferred tax liabilities 638 (7) (59) (59) (27) 486