30 Deferred taxes

Deferred tax by type of temporary difference

Million CHF

2014

2013

Deferred tax assets

 

 

Property, plant and equipment

22

8

Intangible and other long-term assets

10

6

Provisions

360

316

Tax losses carryforward

913

835

Other

263

261

Total

1,568

1,426

 

 

 

Deferred tax liabilities

 

 

Property, plant and equipment

2,209

2,074

Intangible and other long-term assets

174

172

Provisions

4

0

Other

70

78

Total

2,456

2,325

 

 

 

Deferred tax liabilities net

888

898

 

 

 

Reflected in the statement of financial position as follows:

 

 

Deferred tax assets

(527)

(391)

Deferred tax liabilities

1,415

1,290

Deferred tax liabilities net

888

898

Temporary differences for which no deferred tax is recognized

Million CHF

2014

2013

On unremitted earnings of subsidiary companies (taxable temporary difference)

9,465

8,729

Tax losses carryforward

Million CHF

Losses
carryforward
2014

Tax effect
2014

Losses
carryforward
2013

Tax effect
2013

Total tax losses carryforward

4,725

1,428

4,302

1,188

Of which reflected in deferred taxes

(2,861)

(913)

(2,749)

(835)

Total tax losses carryforward not recognized

1,864

516

1,554

353

Expiring as follows:

 

 

 

 

1 year

9

2

1

0

2 years

17

5

4

1

3 years

64

15

47

12

4 years

39

9

15

4

5 years

26

6

7

2

Thereafter

1,709

479

1,480

334

The increase in total tax losses carryforward not recognized relates largely to Holcim Spain which was classified as held for sale in 2013 and which has been reclassified as per December 31, 2014, back to the respective balance sheet positions (note 21).