Consolidated Financial Statements
For use in subsequent years (by 2018) there are
27.848 euros of tax benefits (CFEI) on December,
31
st
2015.
Tax rates of the jurisdictions in which the Group
is present are:
Portugal
21%
Spain
28%
Angola
30%
Why are not met or are not significant, they
were not recognized deferred tax assets relat-
ing to:
(a) use of future income deferred tax assets
higher than the profits arising from the rever-
sal of existing taxable temporary differences.
(b) the entity has suffered a tax loss in either
the current period or the preceding period
in the tax jurisdiction to which it relates the
active deferred tax.
In the year 2015 changes in deferred tax were
as follows:
Assets
Liabilities
Income and loss
account (Note 28)
Starting balance
531.418
7.702.843
Temporary differences in the year
-205.241
-579.581
Reclassification of liabilities to assets -
Impairment of assets
2.986.362
2.986.362
Tax rate change in the year (Spain)
-17.993
-63.499
Closing balance
3.294.546
10.046.125
419.846
264
