CONSOLIDATED FINANCIAL STATEMENTS
Prudently the Group did not recognise deferred tax assets in the amount of 56.856 euro re-
ferring to fiscal losses of 262.328 euros which may be deducted from future taxable income.
Fiscal reports and its deferred tax assets by jurisdiction are as follows:
Limit year of use
2017 2018 2021 2026 2027
unlimited Total
Start year
2012 2013 2016 2014 2015
Portugal
with deferred tax (21%)
-
without deferred tax
84,121 66,878 16.546 28,523 22,080
218,148
Spain
with deferred tax (28%)
5,438,217 5,438,217
without deferred tax
84,121 66,878 16.546 28,523 22,080 5,438,217 5,656,365
Deferred tax assets
Portugal
-
Spain
1,359,554 1,359,554
1,359,554 1,359,554
For use in subsequent years (by 2018) there are 7,483 euros of tax benefits (CFEI) on Decem-
ber 31st 2016.
Tax rates of the jurisdictions in which the Group is present are:
Portugal
21%
Spain
25%
Angola
30%
Why are not met or are not significant, they were not recognized deferred tax assets relating
to:
(a) use of future income deferred tax assets higher than the profits arising from the reversal
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.
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