IREIT Global
annual report 2014
For the reporting period from 1 November 2013 (date of constitution) to 31 December 2014
Notes to the
Financial Statements
9.
DEFERRED TAX ASSETS/LIABILITIES
The measurement of deferred tax assets and liabilities reflects the tax consequences that would
follow from the manner in which the Group expects, at the end of the reporting period, to recover
or settle the carrying amount of its assets and liabilities.
The following are the major components of deferred tax (liabilities)/assets recognised and
movements therein during the period:
Group
Unutilised
tax losses
Revaluation
difference of
investment
properties
Total
EUR’000
EUR’000
EUR’000
Deferred tax assets
As at 1 November 2013
(date of constitution)
–
–
–
Recognised in profit or loss
116
1,275
1,391
Balance as at 31 December 2014
116
1,275
1,391
Deferred tax liabilities
As at 1 November 2013
(date of constitution)
–
–
–
Recognised in profit or loss
–
(236)
(236)
Balance as at 31 December 2014
–
(236)
(236)
