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Deferred income tax assets and liabilities pertain to the following balance sheet line items:
CHF million
Deferred income
tax assets
31.12.2015
Deferred income
tax liabilities
31.12.2015
Deferred income
tax assets
31.12.2014
Deferred income
tax liabilities
31.12.2014
Tangible assets
3.4
–16.0
2.2
–12.9
Inventories
5.4
–0.8
3.3
–0.9
Other assets
2.5
–3.2
2.1
–2.7
Employee benefit liabilities
1.8
-
2.2
-
Provisions
3.7
–1.5
5.7
–3.4
Other liabilities
5.0
–6.4
14.5
–12.6
Tax loss carryforwards and tax credits
27.0
24.6
Subtotal
48.8
–27.9
54.6
–32.5
Offsetting
–17.1
17.1
–22.6
22.6
Total
31.7
–10.8
32.0
–9.9
No deferred tax assets have been recognized from deductible temporary differences in the amount
of CHF 97.6 million (2014: CHF 107.6 million). Tax loss carryforwards in the amount of CHF 0.2
million (2014: nil) are recognized for Group companies which incurred losses in 2015 or 2014 (2014
or 2013) supported by increased future profitability and synergies as a result of restructuring.
The table below discloses tax loss carryforwards and tax credits by their year of expiry:
CHF million
Capitalized
31.12.2015
Non-capitalized
31.12.2015
Capitalized
31.12.2014
Non-capitalized
31.12.2014
Less than 3 years
0.3
2.8
2.3
15.6
In 3 to 7 years
8.7
19.4
1.0
14.1
Thereafter
66.9
300.3
64.9
328.6
Total
75.9
322.5
68.2
358.3
The tax loss carryforwards for which no deferred income tax assets have been recognized originate
primarily from countries with a tax rate between 19% and 40%.
12 Earnings per share
2015
2014
Profit attributable to shareholders of Autoneum Holding Ltd
1
CHF million
42.2
78.9
Average number of shares outstanding
Number of shares
4 627 120
4 630 773
Average number of shares outstanding diluted
Number of shares
4 637 259
4 647 353
Basic earnings per share
CHF
9.12
17.03
Diluted earnings per share
CHF
9.10
16.97
1
The LTI does not lead to a dilution effect in profit attributable to shareholders of Autoneum Holding Ltd.
The average number of shares outstanding is calculated based on the number of shares issued less
the weighted average number of treasury shares held. The consideration of shares granted but
not yet vested in the course of the management’s long-term incentive plan (LTI) leads to a diluted
average number of shares outstanding.
83
Autoneum
Financial Report 2015
Consolidated financial statements