14.2 Deferred tax liabilities
| (in PLNm) | As at December 31, 2022 |
As at December 31, 2021 |
|---|---|---|
| Difference between tax value and carrying amount of property, plant and equipment | 4.807 | 4.938 |
| CO2 emission allowances | 795 | 792 |
| Difference between tax value and present carrying amount of financial assets | 951 | 1.012 |
| Difference between carrying amount and tax value of lease liabilities | 235 | 190 |
| Receivables from recognised compensation – Act on electricity prices | 103 | – |
| Receivables for recognised compensation under the Law on Preferential Purchase of Solid Fuel | 25 | – |
| Difference between tax value and carrying amount of energy origin units | 20 | 15 |
| Difference between tax value and present carrying amount of financial liabilities | 30 | 11 |
| Other | 121 | 64 |
| DEFERRED TAX LIABILITIES | 7.087 | 7.022 |
Change in deferred income tax - liabilities
| (in PLNm) | Year ended December 31, 2022 |
Year ended December 31, 2021 restated data |
|---|---|---|
| AS AT JANUARY 1 | 7.022 | 6.213 |
| Change in correspondence to financial result | 183 | 663 |
| Change in correspondence to other comprehensive income | (148) | 145 |
| Changes in Group composition | 28 | – |
| Other changes | 2 | 1 |
| AS AT DECEMBER 31 | 7.087 | 7.022 |
Changes in correspondence with other comprehensive income relate to the change in deferred tax on the valuation of hedging instruments. Other changes in each item have been recognised in the financial result.
The Group does not recognise a deferred tax liability for taxable temporary differences associated with investments in subsidiaries and associates because it is not probable that the differences will reverse in the foreseeable future. Deductible temporary differences related to investments in subsidiaries and associates would amount to PLN 1,785 million and deferred tax assets would amount to PLN 339 million. The Group also does not recognise a provision for deferred tax on the difference between the tax and book value of shares in PGE GiEK S.A. (potential deferred tax amount of PLN 273 million) due to the uncertainty of the value of income taxes to be realised on the sale of this company. As presented in note 33.2 of these financial statements, significant parameters related to the sale of PGE GiEK S.A. are not yet determined.
Group's deferred tax after offsetting assets and liabilities at companies and within tax group
| (in PLNm) | Year ended December 31, 2022 | Year ended December 31, 2021 |
|---|---|---|
| Deferred tax assets | 3,183 | 933 |
| Income tax liabilities | (1,002) | (402) |