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 |
||
|
|||||||
|
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.