ANNUAL REPORT 2016
18.2.2 Deferred tax liabilities
Deferred tax liabilities on December 31st 2016 and 2015, according to the temporary diffe-
rences that generated them, are broken down as follows:
Deferred tax liabilities
Dec. 2016
Dec. 2015
Amortization and depreciation standardization (1)
8,204,190
9,159,985
Temporary differences in Spain (2)
1,653,385
718,378
Other temporary differences
330,357
167,762
10,187,932
10,046,125
(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) 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.
19. PROVISIONS
On December 31st 2016 and 2015, provisions were broken down as follows:
Dec. 2016
Dec. 2015
Legal processes
5,257
5,257
Income tax (1)
2,028,871
828,705
Compensation (2)
1,350,000
-
Other
28,000
28,000
Provisions
3,412,128
861,962
(1) provision concerning 2014 and 2015 income tax calculation for tax benefits in the process of confirmation of their implementation.
(2) provision of 350.000 related to the legal process concerning the former Madeira Airport concessionaire employees and 1.000.000 relating to contrac-
tual investments not made in the Airports operated by Eat Out Group and that may be claimed by the Concessionaire as compensation.
20. DERIVATIVE FINANCIAL INSTRUMENT
On December 31st, 2016 and 2015 the detail of Ibersol derivative financial instruments is
presented as follows:
Dec. 2016
Dec. 2015
Swap
114,935
181,602
Derivative financial instruments
114,935
181,602
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