Consolidated Financial Statements
The liabilities from financial leasing may be broken down as follows:
Dec. 2015
Dec. 2014
Outstanding capital:
Up to 1 year
151.981
-
Over 1 year and until 5 years
487.088
-
639.069
-
The future (contractual) Cash Flows concerning the above stated financial liabilities on 31 December
2015 are broken down as follows:
FC 2016
FC 2017
FC 2018
FC 2019
FC 2020 FC 2021/28
Bank loans
6.677.673 9.277.387 3.703.803 2.595.007
564.933
431.556
Commercial paper programmes
11.250.000 3.000.000 3.250.000 2.000.000
-
-
Financial Leasing
151.981
154.113
156.290 124.014
52.671
-
Interest
2.014.443 1.532.822
556.097
237.024
70.186
10.577
18. DEFERRED TAXES
18.1. DEFERRED TAX LIABILITIES
Deferred tax liabilities on 31
st
December 2015 and 2014, according to the temporary differences that
generated them, are broken down as follows:
Deferred tax liabilities
Dec. 2015
Dec. 2014
Amortization and depreciation standardization
(1)
9.159.985
9.936.832
Tangible fixed assets and intangible asset impairment losses
(2)
-
-2.986.362
Temporary differences in Spain
(3)
718.378
645.100
Other temporary differences
167.762
107.273
10.046.125
7.702.843
(1) The deferred tax homogenization depreciation corresponds to the difference in depreciation between the individual and consolidated accounts which by 2010 were
prepared on different criteria. This value will reduce over the years.
(2) Reclassification of 2.986.362 eur for deferred tax assets, leaving the compensation in deferred tax liabilities.
(3) Relate mainly to UTE income of the year, with the incorporation in its subsidiaries carried out with the postponement of a year, in compliance with the regulations
in force in Spain.
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