IBERSOL Annual Report and Consolidated Accounts 2017

Consolidated Financial Statements For use in subsequent years (by 2018) there are 1.066.980 eur of tax benefits (RFAI) on Decem- ber, 31st 2017. Fiscal reports and its deferred tax assets by jurisdiction are as follows: Limit year of use 2018 2021 2022 2026 2027 unlimited Total Start year 2013 2016 2017 2014 2015 Portugal with deferred tax (21%) - without deferred tax 66.878 16.546 16.382 28.523 22.080 150.410 Spain with deferred tax (28%) 4.273.451 4.273.451 without deferred tax 66.878 16.546 16.382 28.523 22.080 4.273.451 4.423.860 Deferred tax assets Portugal - Spain 1.068.362 1.068.362 1.068.362 1.068.362 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. 264