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27 Deferred tax liabilities

Deferred tax liabilities of €727 million (€827 million at 31 December 2012) are stated net of offsettable prepaid tax assets of €575 million (€520 million at 31 December 2012). There are no prepaid tax assets which cannot be offset.

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(€ million)

31.12.2012

Provisions

Utilisations

Other changes

31.12.2013

(*)

The figure recorded at 31 December 2012 was restated following the retrospective application of the new provisions of IAS 19. The effects of this restatement are described in Note 5, “Changes to accounting criteria”.

Deferred tax liabilities

1,347

25

(112)

42

1,302

Prepaid tax assets (*)

(520)

(64)

48

(39)

(575)

 

827

(39)

(64)

3

727

Deferred tax assets and liabilities break down as follows based on the most significant temporary differences:

  Download XLS (22 kB)

(€ million)

31.12.2012

31.12.2013

 

IRES

IRAP

Total

IRES

IRAP

Total

Deferred tax liabilities

1,285

62

1,347

1,261

41

1,302

Prepaid tax assets

(473)

(47)

(520)

(524)

(51)

(575)

Net deferred tax liabilities

812

15

827

737

(10)

727

Deferred tax assets and liabilities break down as follows based on the most significant temporary differences:

  Download XLS (24 kB)

(€ million)

31.12.2012

Provisions

Utilisations

Other changes

31.12.2013

Deferred tax liabilities:

 

 

 

 

 

- Excess and advance amortisation and depreciation

1,021

2

(65)

 

958

- Revaluation of property, plant and equipment

196

 

(13)

 

183

- Capital gains subject to deferred taxation

71

23

(27)

 

67

- Site dismantlement and restoration

27

 

(6)

42

63

- Capitalisation of financial expenses

15

 

(1)

 

14

- Impairment losses on receivables in excess of tax deductibility

5

 

 

 

5

- Financial leasing

1

 

 

 

1

- Other

11

 

 

 

11

 

1,347

25

(112)

42

1,302

Prepaid tax assets:

 

 

 

 

 

- Site dismantlement and restoration

(116)

(4)

4

(42)

(158)

- Provision for risks and charges and other non-deductible provisions

(143)

(20)

17

 

(146)

- Non-repayable and contractual grants

(132)

(6)

3

 

(135)

- Non-deductible amortisation and depreciation

(82)

(31)

9

 

(104)

- Employee benefits

(16)

(1)

1

 

(16)

- Income adjustments

(1)

 

 

 

(1)

- Other

(30)

(2)

14

3

(15)

 

(520)

(64)

48

(39)

(575)

Net deferred tax liabilities

827

(39)

(64)

3

727

Prepaid tax assets and deferred tax liabilities are considered to be long term.

Note 35 “Income taxes” provides information about taxes for the year.

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