23. DEFERRED TAX ASSETS AND LIABILITIES
Changes in deferred taxes during 2015
MEUR 31 Dec 2014 Recognised in income statement Recognised in equity Acquired/sold subsidiaries 31 December 2015
Deferred tax assets
Provisions 0.1 0.1 -0.0 0.1
Pension benefits 0.0 -0.0 -0.0 0.3 0.3
Deferred depreciation 0.6 -0.3 0.1 0.4
Other items 1.0 0.2 -0.2 1.0
Total 1.8 -0.0 -0.0 0.1 1.8
Taxes, net -0.4 -0.3
Deferred tax assets on balance sheet 1.3 1.6
Deferred tax liabilities
Accumulated depreciation differences 0.1 0.0 0.2 0.3
Business combinations 5.6 -0.4 7.0 12.2
Retained earnings of subsidiary companies 0.2 0.1 0.1 0.4
Other items 1.5 -0.2 0.2 1.6
Total 7.4 -0.5 7.6 14.4
Taxes, net -0.4 -0.3
Deferred tax liabilities on balance sheet 6.9 14.2
No deferred tax asset has been calculated on the confirmed losses of Group companies in Finland, amounting to MEUR 0.1, and abroad, amounting to MEUR 4.1. Utilisation of this tax asset requires that the normal operations of such companies would generate taxable income. The losses expire in 2024 at the latest for losses other than those of Group companies in Sweden.
Changes in deferred taxes during 2014
MEUR 31 Dec 2013 Recognised in income statement Recognised in equity Acquired/sold subsidiaries 31 Dec 2014
Deferred tax assets
Provisions 0.4 -0.4 0.1
Pension benefits 0.1 0.0 -0.0 0.0
Deferred depreciation 0.5 0.1 0.0 0.6
Other items 1.0 0.0 1.0
Total 2.0 -0.2 -0.0 0.0 1.8
Taxes, net -0.6 -0.4
Deferred tax assets on balance sheet 1.5 1.3
Deferred tax liabilities
Accumulated depreciation differences 0.0 0.0 0.1
Business combinations 5.8 -0.5 0.3 5.6
Retained earnings of subsidiary companies 0.2 0.2 -0.2 0.2
Other items 1.5 0.1 1.5
Total 7.6 -0.2 0.1 7.4
Taxes, net 0.6 -0.4
Deferred tax liabilities on balance sheet 7.0 6.9