18. Deferred tax assets and liabilities
Changes in deferred taxes during 2012:
€ ('000) 31 Dec 2011 Charged to Income Statement Charged
in equity
31 Dec 2012
Deferred tax assets
Accrued differences 1,723 -260 0 1,463
Fair value gains/losses of investments 572 -278 0 294
Employee benefits 100 323 0 423
Interest expense on hybrid bond 1,630 0 768 2,398
Total 4,025 -215 768 4,578
Deferred tax liabilities
Accrued differences 2,569 -256 0 2,313
Total 2,569 -256 0 2,313
Changes in deferred taxes during 2011:
€ ('000) 31 Dec 2010 Charged to Income Statement Charged
in equity
31 Dec 2011
Deferred tax assets
Accrued differences 1,787 -64 0 1,723
Fair value gains/losses of investments 1,379 -807 0 572
Employee benefits 127 -27 0 100
Interest expense on hybrid bond 1,630 -848 848 1,630
Total 4,923 -1,746 848 4,025
Deferred tax liabilities
Accrued differences 3,078 -509 0 2,569
Total 3,078 -509 0 2,569