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14. Deferred tax assets and liabilities

Deferred taxes 2018


EUR 1,000
1.1.2018 Translation
differences
Recognised in
income
statement
1.1.2018






Deferred tax assets

Capital allowances in the India subsidiary 589 -23
566

Pension obligations and impairment losses in the India subsidiary



Total 589 -23
566






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


















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

2018 2017






Deductible temporary difference for which no deferred asset has been recognised


Tecnotree's product development costs not deducted in its taxation * 71,282 71,267
*) 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 2,418 2,374
Tax losses in Brazil 197 239
Items for which the Group has not recognised a deferred tax asset because of the uncertainty about utilising them, total 73,897 73,880






Undistributed profits of foreign subsidiaries, for which no deferred tax liabilities have been recognised since distribution is not likely in the forseeable future 86 335