Changes in deferred tax liability (considering the net-off of assets and liability at the Group level) are as follows:
| Book value 31.12.2016 | Book value 31.12.2015 | |
|---|---|---|
| Deferred tax asset | 1 190 280 | 1 103 836 |
| Set off of deferred tax assets and liabilities | (787 023) | (487 041) |
| Deferred tax asset disclosed in the statement of financial position | 403 257 | 616 795 |
| Deferred tax liability | 978 821 | 875 158 |
| Set off of deffered tax assets and liabilities | (787 023) | (487 041) |
| Deferred tax liability disclosed in the statement of financial position | 191 798 | 388 117 |
In 2016, the Group compensated the temporary differences (impairment loss on non-financial fixed assets), which resulted in decrease of value of the deffered tax asset and liability, but did not influence the net value of the deferred tax assets.
Changes in the deferred tax asset and liability during the financial year (prior to their set off):
Deferred tax assets:
| Liabilities due to employee benefits | Deferred income from connection fees | Provision for the costs of redemption of certificates of origin | Grants | Provision for disposal, land reclamation and purchase of CO2 emissions rights | Expenses deductible from taxable base after the end of the settlement period | Valuation of tangible and intangible assets at fair value | Impairment loss on non-financial non-current assets* | Other | Total | |
|---|---|---|---|---|---|---|---|---|---|---|
| Opening balance | 159 977 | 88 540 | 30 704 | 16 587 | 28 906 | 80 779 | - | 7 410 | 118 562 | 531 465 |
| Acquisition of subsidiaries | 60 143 | - | - | - | 1 090 | - | 130 553 | 5 156 | 7 115 | 204 057 |
| Amount recognized in the profit or loss | (8 673) | (3 110) | 15 284 | (1 063) | 17 147 | 3 773 | - | 288 127 | 63 426 | 374 911 |
| Change recognized in other comprehensive income | (7 307) | - | - | - | - | - | - | - | 710 | (6 597) |
| Balance as at 31 December 2015 - 19% rate | 204 140 | 85 430 | 45 988 | 15 524 | 47 143 | 84 552 | 130 553 | 300 693 | 189 813 | 1 103 836 |
| Opening balance | 204 140 | 85 430 | 45 988 | 15 524 | 47 143 | 84 552 | 130 553 | 300 693 | 189 813 | 1 103 836 |
| Amount recognized in the profit or loss | 7 037 | (3 111) | 4 984 | (1 044) | 13 782 | 25 039 | - | 12 314 | 35 382 | 94 383 |
| Change recognized in other comprehensive income | (951) | - | - | - | - | 24 | - | - | (7 012) | (7 939) |
| Balance as at 31 December 2016 - 19% rate | 210 226 | 82 319 | 50 972 | 14 480 | 60 925 | 109 615 | 130 553 | 313 007 | 218 183 | 1 190 280 |
* Including property, plant and equipment, goodwill, other intangible assets and perpetual usufruct of land
Deferred tax provisions:
| Income taxable after the end of the accounting period | Accrued uninvoiced sales | Difference in carrying and tax values of tangible fixed assets * | Net provision for mine liquidation | Other | Total | |
|---|---|---|---|---|---|---|
| Opening balance | 91 915 | 47 025 | 409 645 | - | 71 047 | 619 632 |
| Acquisition of subsidiaries | - | - | 179 077 | 6 318 | 6 139 | 191 534 |
| Amount recognized in the profit or loss | 4 603 | 653 | 68 447 | (318) | (3 543) | 69 842 |
| Change recognized in other comprehensive income | - | - | - | - | (5 850) | (5 850) |
| Balance as at 31 December 2015 - 19% rate | 96 518 | 47 678 | 657 169 | 6 000 | 67 793 | 875 158 |
| Opening balance | 96 518 | 47 678 | 657 169 | 6 000 | 67 793 | 875 158 |
| Amount recognized in the profit or loss | 30 756 | 1 641 | 74 890 | 2 878 | (7 357) | 102 808 |
| Change recognized in other comprehensive income | - | - | - | - | 855 | 855 |
| Balance as at 31 December 2015 - 19% rate | 127 274 | 49 319 | 732 059 | 8 878 | 61 291 | 978 821 |
* The differences result from the measurement of tangible fixed assets to fair value as well as differences in depreciation rates.
The Group has no significant unrecognized deferred tax assets and liabilities.
