Basic HTML Version
163
FINANCIAL STATEMENTS, MANAGEMENT AND CORPORATE GOVERNANCE REPORT.
2011
2011
2010
CONSOLIDATED PROFIT BEFORE TAX
151,131
36,500
Tax rate
45,339
10,950
Permanent differences
9,195
394
Tax credits and rebates
(16,052)
(11,366)
38.482
(22)
In 2011 and 2010, the Group has not allocated to consolidated equity any amount that would have a tax effect.
19.5. Deferred taxes
The tax effect was calculated by applying the applicable tax rate in the year each item was generated to the corresponding
amount, adjusted for the effect of the change in tax legislation in the current year, if necessary.
2011
Balance at
31/12/10
Increases
Decreases
Transfer
Balance at
31/12/11
Deferred Taxes:
Provisions for fixed assets
impairment
-
-
-
-
-
Provision for litigation
175
735
-
-
910
Other concepts
122,294
15,386
(332)
(2,343)
135,005
Tax deductions pending to
apply
12,290
17,968
(8,049)
-
22,209
Carry losses forward
25,291
-
(25,292)
-
-
Total Deferred tax assets
160,050
34,089
(33,673)
(82,343)
158,125
2010
Balance at
31/12/09
Increases
Decreases
Inclusion in con-
solidation scope
Balance at
31/12/10
Deferred Taxes:
Provisions for fixed assets
impairment
3,367
-
(3,367)
-
-
Provision for litigation
7,183
-
(7,007)
-
176
Other concepts
77,994
44,300
-
-
122,294
Tax deductions pending to
apply
19,671
8,684
(16,065)
-
12,290
Carry losses forward
-
-
-
25,291
25,291
Total Deferred tax assets
108,215
52,984
(26,439)
25,291
160,050