Annual report 2012

17. Deferred tax assets and liabilities

Deferred tax assets and liabilities are calculated using the liability method, providing for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes, using tax rates enacted in future years. In 2012, the applicable income tax rate was 18% (2011: 20 %). The Slovenian Corporate Income Tax Act (Official Journal of the Republic of Slovenia, no. 30/2012) envisages the gradual lowering of the tax rate to 15% until 2015. While calculating deferred tax assets and liabilities for 2012, the Company accordingly used a tax rate of 15%.


Deferred tax assets

EUR thousand 2012 2011
Property, plant and equipment 5,684 7,629
Investments and financial assets 2,327 1,221
Operating receivables 4,148 7,419
Tax loss 4,829
Provisions 3,444 5,230
Deferred tax assets 20,432 21,499


Deferred tax liabilities  

EUR thousand 2012 2011
Property, plant and equipment 6,501 9,648
Investments and financial assets 108 137
Deferred tax liabilities 6,609 9,785

As a result of the changed tax rate, Telekom Slovenije recognised a decrease in deferred tax assets, which was charged against profit or loss for the period in the amount of EUR 5,375 thousand, and a decrease in deferred tax liabilities credited to revaluation reserves in the amount of EUR 2,446 thousand.