Gschäftsbericht 2018

Galenica financial statements 2018 | 101 Finance Notes to the consolidated financial statements of the Galenica Group Deferred taxes in thousand CHF Deferred tax assets Deferred tax liabilities 2018 Net carrying amount Deferred tax assets Deferred tax liabilities 2017 Net carrying amount Current assets 2,807 (22,554) (19,747) 2,841 (21,224) (18,383) Property, plant and equipment — (3,723) (3,723) — (4,334) (4,334) Intangible assets — (15,775) (15,775) — (14,174) (14,174) Investments — — — — (56,234) (56,234) Provisions 371 (174) 197 371 (173) 198 Employee benefit plans 14,742 — 14,742 6,271 — 6,271 Other temporary differences 16 (887) (871) 200 (993) (793) Shareholders’ equity 148 — 148 266 — 266 Deferred taxes due to temporary differences 18,084 (43,113) (25,029) 9,949 (97,132) (87,183) Tax loss carryforwards 23,913 — 23,913 32,065 — 32,065 Gross deferred taxes 41,997 (43,113) (1,116) 42,014 (97,132) (55,118) Netting of assets and liabilities (17,534) 17,534 (35,610) 35,610 Net deferred taxes 24,463 (25,579) 6,404 (61,522) Analysis of net deferred taxes in thousand CHF 2018 2017 1 January (55,118) (37,782) Change in accounting standards 1) 189 — 1 January restated (54,929) (37,782) Recognised as income taxes in profit or loss – Change in temporary differences 61,524 (2,100) – Fiscal realisation of recognised tax loss carryforwards (9,144) (9,982) – Tax loss carryforwards taken into account for the first time 946 (2) – Effects of changes in tax rates 158 4,350 Recognised in other comprehensive income 47 (9,148) Recognised in shareholders’ equity (related to share-based payments) (13) 76 Addition to scope of consolidation 295 (491) Incorporation of Galenica Ltd. — (39) 31 December (1,116) (55,118) 1) Restatement upon adoption of IFRS 9 (refer to page 90) Temporary differences on which no deferred taxes have been recognised in thousand CHF 2018 2017 Investments in subsidiaries 253,413 244,413