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The increase in the net deferred income tax assets by CHF 3.5 million (2015: decrease by CHF 1.1 mil-
lion) relates to the deferred income tax income recognized in the consolidated income statement
of CHF 2.9 million (2015: deferred income tax expense of CHF 0.8 million), to the deferred income tax
income recognized in other comprehensive income of CHF 1.0 million (2015: income tax income of
CHF 0.7 million) and to a currency translation adjustment of CHF –0.4 million (2015: CHF –1.0 million).
No deferred income tax assets have been recognized from deductible temporary differences in the
amount of CHF 66.4 million (2015: CHF 101.0 million). At the reporting date, no tax loss carry-
forwards (2015: 0.2 million) are recognized for Group companies that incurred losses in 2016 or 2015
(2015 or 2014) 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
Recognized
1
31.12.2016
Non-recognized
2
31.12.2016
Recognized
1
31.12.2015
Non-recognized
2
31.12.2015
Less than 3 years
–
1.6
0.3
2.8
In 3 to 7 years
9.1
8.4
8.7
19.4
Thereafter
57.3
289.2
66.9
300.3
Total
66.5
299.2
75.9
322.5
1
Tax loss carry forwards and tax credits for which deferred income tax assets were recognized.
2
Tax loss carry forwards and tax credits for which no deferred income tax assets were recognized.
The tax loss carryforwards for which no deferred income tax assets were recognized originate from
countries with a deferred income tax rate between 17% and 35% (2015: between 18% and 35%).
12 Earnings per share
2016
2015
Profit attributable to shareholders of Autoneum Holding Ltd
1
CHF million
95.8
42.2
Average number of shares outstanding
Number of shares
4 648 581
4 627 120
Average number of shares outstanding diluted
Number of shares
4 654 735
4 637 259
Basic earnings per share
CHF
20.61
9.12
Diluted earnings per share
CHF
20.58
9.10
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.
90
Autoneum
Financial Report 2016
Consolidated Financial Statements