Deferred tax liabilities of €187 million (€388 million at 31 December 2015) are stated net of offsettable prepaid tax assets of €369 million (€515 million at 31 December 2015).
There are no prepaid tax assets which cannot be offset.
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(€ million) |
31.12.2015 |
Provisions (*) |
Utilisations (*) |
Other changes |
Change in scope of consolidation |
31.12.2016 |
||
|
||||||||
Deferred tax liabilities |
903 |
|
(47) |
30 |
(330) |
556 |
||
Prepaid tax assets |
(515) |
(64) |
23 |
(25) |
212 |
(369) |
||
|
388 |
(64) |
(24) |
5 |
(118) |
187 |
||
Deferred tax liabilities and prepaid tax assets break down as follows, based on the most significant temporary differences:
| Download XLS (20 kB) |
|
31.12.2016 |
||||||||||
(€ million) |
Opening balance |
Provisions |
Utilisations |
Significant impacts on shareholders’ equity (*) |
Other changes |
Change in scope of consolidation |
Final balance |
of which: |
|||
IRES |
IRAP |
||||||||||
|
|||||||||||
Deferred tax liabilities |
903 |
|
(47) |
|
30 |
(330) |
556 |
541 |
15 |
||
Depreciation and amortisation exclusively for tax purposes |
663 |
|
(26) |
|
(2) |
(182) |
453 |
453 |
|
||
Revaluation of property, plant and equipment |
141 |
|
(6) |
|
|
(135) |
|
|
|
||
Capital gains subject to deferred taxation |
18 |
|
(14) |
|
|
(4) |
|
|
|
||
Site dismantling and restoration |
57 |
|
|
|
32 |
|
89 |
76 |
13 |
||
Capitalisation of financial expenses |
10 |
|
|
|
|
(3) |
7 |
6 |
1 |
||
Impairment losses on receivables in excess of tax deductibility |
4 |
|
|
|
|
(1) |
3 |
3 |
|
||
Other temporary differences |
10 |
|
(1) |
|
|
(5) |
4 |
3 |
1 |
||
|
|
|
|
|
|
|
|
|
|
||
Prepaid tax assets |
(515) |
(64) |
23 |
(2) |
(23) |
212 |
(369) |
(333) |
(36) |
||
Site dismantling and restoration |
(144) |
(3) |
3 |
|
(32) |
|
(176) |
(150) |
(26) |
||
Provision for risks and charges and other non-deductible provisions |
(119) |
(23) |
6 |
|
3 |
62 |
(71) |
(66) |
(5) |
||
Non-repayable and contractual grants |
(104) |
|
2 |
|
|
80 |
(22) |
(19) |
(3) |
||
Non-deductible amortisation and depreciation |
(117) |
(35) |
7 |
|
7 |
50 |
(88) |
(87) |
(1) |
||
Employee benefits |
(16) |
(3) |
3 |
(2) |
(1) |
11 |
(8) |
(7) |
(1) |
||
Other temporary differences |
(15) |
|
2 |
|
|
9 |
(4) |
(4) |
|
||
Net deferred tax liabilities |
388 |
(64) |
(24) |
(2) |
7 |
(118) |
187 |
208 |
(21) |
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Prepaid tax assets and deferred tax liabilities are considered to be long term.
Note 29 “Income taxes” provides information about taxes for the year.