157 / 266
157
2014 Registration Document
Consolidated Financial Statements Year ended December 31, 2014
5
Notes to the Consolidated statements
Early adoption of IFRIC 21 has led to the recognition of certain levies in the period in which the obligating event occurs as opposed to the period
for which the tax was calculated. This timing difference led to an €82 million increase in opening equity at the start of the comparative period (
i.e.
January 1, 2013), which was recognized by adjusting tax liabilities (€132 million) and deferred tax assets (€50 million).
The impact on the closing consolidated statement of financial position at December 31, 2013 is presented below:
Assets
(in € millions)
December 31, 2013
published
IFRIC 21
December 31, 2013
restated
Goodwill
8,277
8,277
Other intangible assets
767
767
Property and equipment
11,109
11,109
Investment property
313
313
Investments in companies accounted for by the equity method
496
496
Other non-current financial assets
1,146
1,146
Consumer credit granted by the financial services companies – long term
2,381
2,381
Deferred tax assets
931
(50)
881
Non-current assets
25,419
(50)
25,369
Inventories
5,738
5,738
Trade receivables
2,213
2,213
Consumer credit granted by the financial services companies – short-term
3,221
3,221
Other current financial assets
359
359
Tax receivables
715
715
Other assets
841
841
Cash and cash equivalents
4,757
4,757
Assets held for sale
301
301
Current assets
18,145
0
18,145
TOTAL ASSETS
43,564
(50)
43,514
Note 4
Restatement of comparative information
4.1
EARLY ADOPTION OF IFRIC 21