29 Deferred taxes
audited information

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in CHF thousands

31.12.2009

31.12.2008

+/– %

Deferred tax assets

 

 

 

Loss carry forwards

7'134

0

 

Property and equipment

2'779

2'529

9.9

Others

15'646

17'063

–8.3

Total deferred tax assets

25'559

19'592

30.5

 

 

 

 

Deferred tax liabilities

 

 

 

Allowance for credit losses

17

17

0.0

Intangible assets

14'869

16'257

–8.5

Property

803

977

–17.8

Financial investments through profit and loss

8'619

10'972

–21.4

Other provisions

32'247

41'002

–21.4

Total deferred tax liabilities

56'555

69'225

–18.3

 

 

 

 

Net movement on deferred taxes

 

 

 

As at 1 January

49'633

60'157

–17.5

Change with no effect on the income statement

1'621

–5'139

–131.5

Increase in deferred taxes
recognised in the income statement

3'931

13'553

–71.0

Decrease in deferred taxes
recognised in the income statement

–24'189

–18'938

27.7

As at 31 December

30'996

49'633

–37.5

Deferred taxes arise from temporary differences between valuations used for IFRS and for statutory tax purposes