174
Consolidated Financial Statements
17.2. Deferred tax assets
Deferred tax assets on 31
st
December 2012 and 2011, according to the temporary differences that generate them,
are broken down as follows:
Deferred tax assets
Dec-12
Dec-11
Reported fiscal losses
935,834
1,054,915
935,834
1,054,915
Prudently the group did not recognise deferred tax assets in the amount of 837.683 euros referring to fiscal losses
of 2.937.442 which may be deducted from future taxable income.
BALANCE OF FISCAL REPORTS PER YEAR AND UTILISATION LIMIT (after use on 31-12-2012) (*)
2013
(from
year
2007)
2014
(from
year
2008)
2015
(from
year
2009)
2014
(from
year
2010)
2014
(from
year
2011)
2015
(from
year
2011)
2017
(from
year
2012)
2019 2021
TOTAL
571,086 507,152 288,071 644,996 70,177 2,740,012 44,629 30,209 438,894 5,335,226
(*) Portuguese subsidiaries:
untill 2009 - 6 years
from 2010 to 2011 - 4 years
Spanish subsidiaries: 15 years
Angolan subsidiaries: 3 years
In the year 2012 changes in deferred tax were as follows:
Assets Liabilities Income and loss account (Note 26)
Starting balance
1,054,915 10,820,760
Temporary differences in the year
-119,081
-533,547
Closing balance
935,834 10,287,213
414,466
