IBERSOL Annual Report 2018

Consolidated Financial Statements dec/2018 dec/2017 Inverpeninsular Group (1) 777.951 3.529.741 RETGS (2) 2.727.248 1.509.961 Dehesa (1) 62.437 - Income tax (Restmon) 7.026 6.368 3.574.662 5.046.070 (1) tax amount resulting from tax group subsidiaries in Spain. Dehesa subsidiary will only incorporate the tax group in 2019, although was acquired to the interest that do not control, in 2018. (2) income tax that results from the tax group of subsidiaries in Portugal (RETGS), is presented as follows: 2018 2017 Special payment on account 24.614 11.808 Payments on account 4.245.951 3.452.637 Withholding taxes 107.137 126.103 Income tax - parent -191.639 -145.299 Income tax - subsidiaries (RETGS) -2.652.677 -2.961.158 Tax saving (RETGS) 1.193.863 1.025.870 Total 2.727.248 1.509.961 18.1.2. Income tax payable Income tax payable in the years ending on 31 December 2018 and 2017 are broken down as follows: dec/2018 dec/2017 Ibersol Angola 72.419 236.446 Dehesa (1) - 87.501 Cortsfood (1) 86.016 - Other (2) 4.466 797 162.901 324.744 (1) by exclusion of the Inverpeninsular tax group, subsidiaries in Spain; (2) excluded from the special taxation of corporate groups (RETGS), income tax to be paid by subsidiary Iberusa ACE. 18.2. DEFERRED TAX Changes in deferred taxes in the period are: Assets Liabilities Net defer- red taxes Income and loss account (Note 28 Starting balance 3.755.458 12.887.956 -9.132.497 Temporary differences in the year 1.071.019 1.971.579 -900.560 -900.560 Hyperinflationary Economies (IAS 29) - 522.974 -522.974 -522.974 Closing balance 4.826.477 15.382.508 -10.556.031 -1.423.534 276