15. Deferred tax assets and liabilities

Deferred taxes 2016


EUR 1,000
1.1.2016 Translation
differences
Recognised in
income
statement
31.12.2016






Deferred tax assets

Capital allowances in the Ireland subsidiary




Tax losses in the Ireland subsidiary 55
-55

Capital allowances in the India subsidiary 537 54 -23 568

Pension obligations and impairment losses in the India subsidiary



Total 593 54 -78 568






Deferred tax liabilities

Undistributed profits of foreign subsidiaries



Total









Deferred taxes 2015

EUR 1,000
1.1.2015 Translation
differences
Recognised in
income
statement
31.12.2015






Deferred tax assets

Capital allowances in the Ireland subsidiary 28
-27

Tax losses in the Ireland subsidiary 47
8 55

Capital allowances in the India subsidiary
-6 543 537

Pension obligations and impairment losses in the India subsidiary 831 65 -896
Total
905 58 -371 593






Deferred tax liabilities

Undistributed profits of foreign subsidiaries 3,390 437 -3,827
Total 3,390 437 -3,827


















Items for which the Group has not recognised a deferred tax asset
EUR 1,000

2016 2015






Deductible temporary difference for which no deferred asset has been recognised


Tecnotree's product development costs not deducted in its taxation * 76,986 73,003
*) Tecnotree Oyj has research and development costs not deducted in its taxation. The amount can be deducted over an indefinite period with amounts that the company may freely decide.






Other deductible temporary differences 2,322 2,241
Tax losses in Brazil 408 358
Items for which the Group has not recognised a deferred tax asset because of the uncertainty about utilising them, total 79,716 75,601






Undistributed profits of foreign subsidiaries, for which no deferred tax liabilities have been recognised since distribution is not likely in the forseeable future
294