4.4 Legal risk - Scor

DEFERRED TAX
Deferred tax assets and liabilities and the related expense or benefit as at and for the years ended 31 December 2012, 2011
and 2010 were generated by the following items:
Balance sheet as at 31 December
Deferred taxes benefit (expense) for
the period
In EUR million 2012 2011 2010 2012 2011 2010
Deferred tax liabilities
Deferred acquisition costs (37) (18) (164) (24) 21 (8)
Unrealized revaluations and temporary
differences on investments (117) (63) (119) (5) (45) (21)
Equalization reserves (101) (13) (29) (9) - (17)
Value of business acquired (190) (190) (111) 7 17 24
Financial instruments (22) (7) (5) (20) (5) (3)
Claims reserves (110) (145) (33) (14) (27) 7
Capitalization reserve - - - - - 62
Other temporary differences (179) (199) (76) 10 (64) (27)
Elimination of internal capital gains (7) (3) (4) (13) - -
TOTAL DEFERRED TAX
LIABILITIES (763) (638) (541) (68) (103) 17
Deferred tax assets
Unrealized revaluations and temporary
differences on investments 44 84 95 4 20 22
Retirement scheme 4 8 5 (6) - 3
Net operating losses for carry forward 675 693 575 (8) 30 (34)
Financial instruments 5 8 4 (2) 7 3
Claims reserves 59 78 52 5 15 (10)
"Shadow accounting" 10 54 13 - 2 -
Other temporary differences 350 143 117 104 102 25
Elimination of internal capital gains 8 8 22 - 4 (1)
TOTAL DEFERRED TAX ASSETS 1 155 1,076 883 97 179 8
Valuation allowance (36) (39) (59) 1 20 35
TOTAL 356 399 283 30 96 60
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