14.2 Deferred tax liabilities

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	As at December 31, 2020	As at December 31, 2019
Difference between tax and current book values of property, plant and equipment	5,000	5,281
CO₂ emission allowances	199	476
Difference between tax and current book values of financial assets	713	447
Difference between balance sheet and tax value of lease liabilities	181	169
Receivables from recognised compensation under the Electricity Pricing Act	16	58
Difference between tax and current book values of energy origin property rights	31	25
Difference between tax and current book values of financial liabilities	8	12
Other	65	81
DEFERRED TAX LIABILITIES	6,213	6,549

Change in deferred income tax – liabilities

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	Year ended December 31, 2020	Year ended December 31, 2019
AS AT JANUARY 1	6,549	5,232
Changes in correspondence with profit or loss	262	1,127
Changes in correspondence with retained earnings		–
Changes in correspondence with other comprehensive income	72	(65)
Recognition of deferred income tax in connection with demerger of subsidiaries	–	254
Acquisition of new subsidiaries	8	–
Other changes	(678)	1
AS AT DECEMBER 31	6,213	6,549

The changes in the correspondence with other comprehensive income concern changes in deferred tax on the measurement of hedging instruments. The other changes in each item were recognised in profit or loss.

The Group does not recognise a deferred tax liability for positive temporary differences related to investments in subsidiaries and associates as it is not probable that such differences will be reversed in the foreseeable future. Negative temporary differences associated with investments in subsidiaries and associates would amount to PLN 4,813 million and the deferred tax asset would amount to PLN 914 million.

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The Group’s deferred tax after offsetting assets and liabilities in the particular companies and the tax group
Deferred tax assets	1,351	1,318
Income tax liabilities	(345)	(920)

14.1 Deferred income tax assets

15. Inventories

14.2 Deferred tax liabilities

Change in deferred income tax – liabilities

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