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15. Deferred tax assets and liabilities

Deferred taxes 2017


EUR 1,000
1.1.2017 Translation
differences
Recognised in
income
statement
1.1.2017






Deferred tax assets

Capital allowances in the India subsidiary 569 43 -23 589

Pension obligations and impairment losses in the India subsidiary



Total 569 43 -23 589






Deferred tax liabilities

Undistributed profits of foreign subsidiaries



Total









Deferred taxes 2016

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






Deferred tax assets

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





















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

2017 2016






Deductible temporary difference for which no deferred asset has been recognised


Tecnotree's product development costs not deducted in its taxation * 71,267 76,971
*) 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 2,374 2,322
Tax losses in Brazil 239 408
Items for which the Group has not recognised a deferred tax asset because of the uncertainty about utilising them, total 73,880 79,716






Undistributed profits of foreign subsidiaries, for which no deferred tax liabilities have been recognised since distribution is not likely in the forseeable future 335 423