16. DEFERRED INCOME TAX ASSETS AND AIABILITIES

RECOGNISED DEFERRED TAX ASSETS AND LIABILITIES

Recognized deferred tax assets and liabilities are attributable to the following:

RUB millions

Assets

Liabilities

Net

AS OF DECEMBER 31, 2013

Property, plant and equipment

4,847

(53,461)

(48,614)

Intangible assets

14

(2,889)

(2,875)

Investments

1,863

(505)

1,358

Inventories

324

(757)

(433)

Trade and other receivables

313

(27)

286

Loans and borrowings

(545)

(545)

Provisions

2,911

2,911

Tax loss carry-forwards

6,062

6,062

Other

2,174

(1,545)

629

TAX ASSETS / (LIABILITIES)

18,508

(59,729)

(41,221)

AS OF DECEMBER 31, 2012

Property, plant and equipment

4,523

(44,885)

(40,362)

Intangible assets

17

(3,170)

(3,153)

Investments

2,230

(451)

1,779

Inventories

503

(228)

275

Trade and other receivables

1,113

1,113

Loans and borrowings

(170)

(170)

Provisions

3,291

3,291

Tax loss carry-forwards

686

686

Other

301

301

TAX ASSETS / (LIABILITIES)

12,664

(48,904)

(36,240)

AS OF JANUARY 1, 2012

Property, plant and equipment

5,062

(39,200)

(34,138)

Intangible assets

1

(2,899)

(2,898)

Investments

4,025

(401)

3,624

Inventories

545

(206)

339

Trade and other receivables

836

836

Loans and borrowings

(246)

(246)

Provisions

2,920

2,920

Tax loss carry-forwards

Other

235

235

TAX ASSETS / (LIABILITIES)

13,624

(42,952)

(29,328)

Movement in temporary differences during the year:

RUB millions

January 1, 2013

Recognised in profit or loss

Recognised in other comprehensive income

Acquired/disposed of

December 31, 2013

Property, plant and equipment

(40,362)

(7,094)

(806)

(352)

(48,614)

Intangible assets

(3,153)

278

(2,875)

Investments

1,779

(794)

373

1,358

Inventories

275

(703)

(5)

(433)

Trade and other receivables

1,113

(860)

33

286

Loans and borrowings

(170)

(365)

(10)

(545)

Provisions

3,291

(391)

11

2,911

Tax loss carry-forwards

686

5,371

5

6,062

Other

301

121

207

629

(36,240)

(4,437)

(197)

(347)

(41,221)

RUB millions

January 1, 2012

Recognised in profit or loss

Recognised in other comprehensive income

Acquired/disposed of

December 31, 2012

Property, plant and equipment

(34,138)

(6,524)

575

(275)

(40,362)

Intangible assets

(2,898)

(255)

(3,153)

Investments

3,624

(293)

(1,552)

1,779

Inventories

339

(64)

275

Trade and other receivables

836

277

1,113

Loans and borrowings

(246)

76

(170)

Provisions

2,920

370

1

3,291

Tax loss carry-forwards

686

686

Other

235

66

301

(29,328)

(5,661)

(977)

(274)

(36,240)

Notes in Consolidated Statements:

Consolidated Statement of Financial Position