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ePaper created 2015-05-06, 08:22:31 | version 1.38.0
64 The actuarial gains and losses that arise from changes in the assumptions underlying the calcula- tions, and from variations between those assumptions and actual developments, are recognized in the Group’s other comprehensive income in the period that they arise, taking account of deferred taxes. The actuarial gains and losses recognized in each reporting period are reported separately in the statement of comprehensive income. The expenses for defined contribution plans attributable to each year are recognized directly in personnel expenses in that year. o) Deferred taxes Deferred taxes are calculated in accordance with IAS 12 on the basis of temporary differences between the carrying amounts of assets and liabilities in the IFRS financial statements and the Group’s tax accounts, realizable loss carryforwards, and consolidation transactions. Deferred taxes are calculated using the tax rates anticipated in the various countries at the time these items are recognized, based on the legal provisions in force or approved at the balance sheet date. Deferred tax assets are offset against deferred tax liabilities, if levied by the same taxation authority. p) Revenue and other income Revenue comprises net revenue from the sale of the Group’s own products, goods and services. It is reported net of discounts, price reductions, and similar deductions. Revenue is recognized when goods have been supplied or services rendered and significant risks and rewards have been transferred to the buyer. However, the total proceeds from services included in revenue are minor. Interest income is recognized pro rata temporis in accordance with the effective interest method. Depending on the substance of the relevant underlying agreements, income from licenses is either recognized immediately or deferred and recognized pro rata temporis. Dividend income is recognized at the time the right to receive the payment arises, which is when a resolution on distribution has been passed.