4.1.2 Deferred tax expense
|
CREDITED/(CHARGED) |
|||||||||||||
| Jan 1st 2020 | Net profit/(loss) |
Other comprehensi ve income |
Other changes recognised in equity |
Currency translation differences |
Dec 31st 2020 |
Net profit/(loss) |
Other comprehensi ve income |
Other changes recognised in equity |
Currency translation differences |
Changes in the Group | Other changes | Dec 31st 2021 |
|
| Deferred tax assets | |||||||||||||
| Employee benefit obligations | 164 | 17 | 10 | – | – | 191 | (5) | (11) | – | – | – | – | 175 |
| Provision for well decommissioning costs* | 543 | 229 | – | – | 17 | 789 | 2 | – | – | 25 | 286 | – | 1,102 |
| Other provisions | 64 | 39 | 3 | – | (9) | 97 | 3 | (2) | – | – | – | (1) | 97 |
| Measurement of derivatives | 240 | 62 | – | – | 9 | 311 | 2,179 | – | – | – | – | – | 2,490 |
| Impairment of non-current assets | 108 | 70 | – | – | – | 178 | (66) | – | – | – | – | 2 | 114 |
| Tax loss | 52 | (11) | – | – | – | 41 | 120 | – | – | – | – | – | 161 |
| Other deferred tax assets | 249 | (73) | – | – | – | 176 | 211 | – | – | – | – | – | 387 |
| Total deferred tax assets | 1,420 | 333 | 13 | – | 17 | 1,783 | 2,444 | (13) | – | 25 | 286 | 1 | 4,526 |
| Deferred tax liabilities | |||||||||||||
| Difference between tax and accounting value of non-current assets* | 2,346 | 146 | – | – | 25 | 2,517 | 780 | – | – | 51 | 2 734 | 549 | 6,631 |
| Measurement of derivative financial instruments | 512 | (12) | (231) | 54 | 9 | 332 | 2,094 | (659) | (416) | – | – | – | 1,351 |
| Other deferred tax liabilities | 913 | 188 | – | – | 19 | 1,120 | 1 | – | – | 55 | – | (554) | 622 |
| Total deferred tax liabilities | 3,771 | 322 | (231) | 54 | 53 | 3,969 | 2,875 | (659) | (416) | 106 | 2,734 | (5) | 8,604 |
| Set-off of assets and liabilities | (1,388) | (1,741) | (3,032) | ||||||||||
| After set-off | |||||||||||||
| Assets | 32 | 333 | 42 | 2,444 | 1 494 | ||||||||
| Liabilities | 2,383 | 322 | 2,228 | 2,875 | 5,572 | ||||||||
| Net effect of changes in the period | 11 | 244 | (54) | (36) | (431) | 646 | 416 | (81) | (2,448) | 6 | |||
*As at the end of 2021, the Group analysed individual items of deferred tax assets and liabilities that are disclosed in the statement of financial position on a net basis. Following the analysis, the items' Provision for well decommissioning costs' (deferred tax assets) and 'Difference between tax and accounting value of non-current assets’ (deferred tax liabilities) increased the amount of the opening balance for these items in 2020 and 2021 by PLN 346m and PLN 539m, respectively. These items, both in 2020 and 2021, were derecognised and did not affect the presentation of deferred tax assets and liabilities in the statement of financial position