Summary

Functionality of 'Summary' dialogue

The Summary dialogue summarises calculated deferred taxes and can be used as a posting template. Here you can view both stocks and value movements (P/L and OCI). Current taxes are not included into this dialogue.
The dialogue consists of three table sections:

Deferred taxes summary
Comprehensive Income
Deferred taxes (current period)
Deferred taxes (prior period)

Table section 'Deferred taxes summary'
The upper table section consists of the following six columns:

Current period	Data origin can be viewed in details in the 'Deferred taxes (current period)' table section (bottom row: Total)
Additions and disposals	Data origin: 'Others' dialogue Area: change in consolidation
Adjustment of prior period	Data origin: 'Others' dialogue Areas: Others, Prior year adjustments –OCI and Adjustment of prior year
Prior period	Data origin can be viewed in details in the 'Deferred taxes (prior period)' table section (bottom row: Total)
Change	Difference between prior period (5) and current period (1) – incl. corrections

Table section 'Comprehensive Income'
Some categories of Comprehensive Income are created and managed in the master data dialogue Administration. According to the selected assignment in the master data dialogue CoA Group, the GTC assigns OCI effects to individual categories. The result is displayed in a separate section of the Summary dialogue:

Table section 'Deferred taxes (current period)/ Deferred taxes (prior period)'
This table section displays the summary of deferred taxes based on a dialogue (e.g. LCF dialogue) and a subdialogue (e.g. IFRS – Local GAAP in B/S Comparison).

Total deferred tax assets and liabilities from B/S Comparison - Netting	Netting of effects that ('IFRS – Local GAAP' and 'Local GAAP – Tax balance') are calculated on the same account position across periods. Not to be confused with across-period offsetting of current and deferred taxes.
Valuation allowance on deferred tax assets (tax losses / tax credits)	Valuation allowance from the 'LCF' dialogue. Not to be confused with valuation allowance of current taxes from 'B/S Comparison'.
Other deferred tax assets and liabilities	Data origin: 'Others' dialogue Area: change in consolidation
Valuation allowance on other deferred taxes	Data origin: 'Others' dialogue Areas: Valuation allowance on other deferred taxes Calculation of valuation allowance on the overhang of deferred taxes from 'B/S Comparison'.
Offsetting	Offsetting of deferred taxes, taking into account the maturity. Long-term deferred tax assets are set off with long-term passive deferred taxes.

Deferred taxes: additions and disposals
In the master data dialogue Company you can activate the Deliver deferred taxes checkbox. In this case additions and disposals of deferred taxes are displayed in the Summary dialogue. This is relevant for local GAAP periods related to members of tax groups (formal approach).
The summary is displayed in the company level (member of tax group).

Transferred deferred taxes for parent companies are displayed. The milestone status of the company that delivers taxes is documented as well.