{ "docId": "019dd923-5eff-723e-9be7-d26e8b9c7415", "docSlug": "db9dd26ce4c89573", "documentTitle": "2024 Annual Report", "authorId": "TUI-Group", "authorName": "TUI Group", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "strategy_consulting", "sourceTypeLabel": "Strategy consulting", "presentationDate": null, "orientation": "landscape", "aspectRatio": 1.777, "pageNumber": 192, "pageCount": 286, "prevPage": 191, "nextPage": 193, "slideType": "appendix_disclosure", "function": "summarize", "density": "dense", "nDataPoints": 0, "notes": "This is a page from a TUI Group annual report, specifically page 192.", "elementsJson": [ "paragraph" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-5eff-723e-9be7-d26e8b9c7415/192", "deckHref": "/decks/019dd923-5eff-723e-9be7-d26e8b9c7415", "deckJsonHref": "/decks/019dd923-5eff-723e-9be7-d26e8b9c7415.json", "deckAnchorHref": "/decks/019dd923-5eff-723e-9be7-d26e8b9c7415#slide-192", "components": [ { "bbox": { "h": 0.55, "w": 0.15, "x": 0.03, "y": 0.24 }, "kind": "list", "text": "175 Consolidated Financial Statements\n180 Notes\n180 Principles and Methods underlying the Consolidated Financial Statements\n199 Segment Reporting\n203 Notes to the Consolidated Income Statement\n210 Notes to the Consolidated Statement of Financial Position\n265 Notes to the Cash Flow Statement\n266 Other Notes\n276 Responsibility Statement by Management\n277 Independent Auditor's Report\n283 Report of the Independent Practitioner regarding the Non-Financial Group Declaration\n285 Forward-Looking Statements", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "00b61a64-10ba-45b2-a440-fd5b1310bc6a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.27, "x": 0.21, "y": 0.06 }, "kind": "paragraph", "text": "TOURISTIC ADVANCE PAYMENTS RECEIVED (CONTRACT LIABILITIES)\nA contract liability is an obligation of the Group to deliver goods or services for a customer for which the customer has already delivered a performance, e.g. in the form of payment of a deposit. In the tourism business model, customers pay deposits on most travel services prior to departure. The deposits received therefore constitute contract liabilities within the meaning of IFRS 15.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "01a4e5cc-0611-41b9-9e89-491be0ff17a2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.65, "w": 0.27, "x": 0.21, "y": 0.22 }, "kind": "paragraph", "text": "DEFERRED TAXES AND INCOME TAXES\nExpected tax savings from the use of tax losses carried forward assessed as recoverable in the future are recognised as deferred tax assets. Regardless of the unlimited ability to carry German tax losses carried forward which continues to exist, the annual utilisation is limited by the minimum taxation. Foreign tax losses carried forward frequently have to be used within a given country-specific time limit and are subject to restrictions concerning the use of these losses carried forward for profits on ordinary activities, which are taken into account accordingly in the measurement.\n\nIncome taxes are charged or credited directly to equity or other comprehensive income if the tax relates to items that are charged or credited to equity or recognised in other comprehensive income without affecting Group profit or loss.\n\nDeferred tax assets are recognised to the extent that it is probable that future taxable profits will be available against which the temporary difference or an unused tax loss can be utilised.\n\nDeferred taxes are measured at the tax rates and tax provisions applicable at the balance sheet date or adopted by law and expected to be applicable at the date of recognition of the deferred tax asset or the payment of the deferred tax liability.\n\nDeferred and current income tax liabilities are offset against the corresponding tax assets if they exist in the same fiscal territory and have the same nature and maturity.\n\nThe TUI Group falls under the scope of the so-called OECD Model Rules (global minimum taxation). The global minimum tax is levied at the level of TUI AG as the ultimate parent entity in Germany. The legislation on global minimum taxation will apply in Germany for the first time for fiscal years beginning after 30 December 2023. Therefore, the corresponding regulations do not yet apply in the current reporting period. The regulation of IAS 12.4A regarding the exception for the recognition and disclosure of information about deferred tax assets and liabilities related to income taxes from global minimum taxation was applied for the fiscal year 1 October 2023 to 30 September 2024.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5f6ca80c-924c-478a-b184-81042e540723", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.45, "w": 0.27, "x": 0.5, "y": 0.06 }, "kind": "paragraph", "text": "The global minimum tax does not apply in the current reporting period in any other jurisdiction where TUI maintains business units under the legislation. The reason for this is also the fiscal year deviating from the calendar year.\n\nDue to the complexity of the minimum tax regulations, the partially open legal implementation in many jurisdictions, and the business development of the TUI Group in subsequent years, the specific quantitative impacts of the global implementation of the minimum tax regulations cannot yet be reliably determined.\n\nBased on the information available as of the reporting date (historical data and planning calculations), the TUI Group expects an additional burden from the subsequent taxation under the minimum tax law regulations or the local minimum tax laws of other countries in the low single-digit million range (especially Malta, Ireland, Cyprus). According to current knowledge, the additional tax would have at most a slight effect on the Group's tax rate.\n\nThe TUI Group has already taken extensive measures to meet the reporting obligations and tax compliance requirements arising from the legislation (including the preparation of processes and registration where already required).", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d446826d-d997-4599-9dd4-441072df0c94", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.27, "x": 0.5, "y": 0.78 }, "kind": "paragraph", "text": "SUMMARY OF SELECTED ACCOUNTING AND MEASUREMENT METHODS\nThe table below lists the key accounting and measurement methods used by TUI Group.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e34eab58-122a-4556-9b0b-d7bc0bf8d43c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.25, "w": 0.27, "x": 0.5, "y": 0.52 }, "kind": "paragraph", "text": "SHARE-BASED PAYMENTS\nShare-based payment schemes in the Group comprise both cash-settled and equity-settled schemes.\n\nFor cash-settled transactions, the resulting liability for the Group is charged to expenses at its fair value as at the date of the performance of the service by the beneficiary. Until settlement of the liability, the fair value of the liability is re-measured at every closing date and all changes in the fair value are recognised through profit and loss.\n\nFor equity-settled transactions the fair value of the awards granted is recognised under staff costs with a corresponding direct increase in equity. The fair value is determined at the point when the awards are granted and spread over the vesting period during which the employees become entitled to the awards. The method for the calculation of the granted awards is described in note 38 'Share-based payments in accordance with IFRS 2'.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f865b4fb-88cf-4dea-af70-004b9c02add8", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.15, "x": 0.03, "y": 0.19 }, "kind": "title", "text": "CONSOLIDATED FINANCIAL STATEMENTS AND NOTES", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8eaaf7fb-b3aa-4269-a475-8bbfbd8b2e01", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }