Page 171 - eco_eng

2010 2009 Consolidated income statement Current income tax

Current income tax expense 26,522 7,051

Deferred tax liabilities

Relating to increases and decreases in temporary diferences (26,545) (31,189)

(22) (24,138)

2010 2009

Consolidated profle before tax 36,500 2,849 Tax rate 10,950 855 Permanent diferences 394 1,462 Tax credits and rebates (11,366) (26,455)

(22) (24,138)

In 2010 and 2009, the Group has not allocated to consolidated equity any amount that would have a tax efect.

19.5. Deferred taxes

The tax efect was calculated by applying the applicable tax rate in the year each item was generated to the corresponding amount, adjusted for the efect of the change in tax legislation in the current year, if necessary.

2010

Balance at 31.12.10

Increases Decreases

Inclusion in consolidation scope

Balance at 31.12.09

Deferred Taxes:

Provisions for fxed assets impairment 3,367 - (3,367) - - Provision for litigation 7,183 - (7,008) - 175 Other concepts 77,994 44,300 - - 122,294 Tax deductions pending to apply 19,671 8,684 (16,064) - 12,291 Carry losses forward - - - 19,289 19,289 Total Deferred tax assets 108,215 52,984 (26,439) 19,289 154,049

2009

Balance at 31.12.10

Increases Decreases

Balance at 31.12.09

Deferred Taxes:

Provisions for fxed assets impairment 5,496 - (2,129) 3,367 Provision for litigation 7,754 - (571) 7,183 Other concepts 6,680 71,314 - 77,994 Tax deductions pending to apply 6,379 13,292 - 19,671 Carry losses forward - - - - Total Deferred tax assets 26,309 84,606 (2,700) 108,215

171

Financial Statements, Management and Corporate Governance Report. 2010