IBERSOL Annual Report 2018

ANNUAL REPORT 2018 18.2.1 Deferred tax assets Deferred tax assets on 31st December 2018 and 2017, according to the temporary dif- ferences that generate them, are broken down as follows: Deferred tax assets dec/2018 dec/2017 Reportable fiscal losses 1.074.919 1.068.362 Reportable fiscal credits 1.006.166 1.182.596 Other temporary differences (1) 2.745.392 1.504.500 4.826.477 3.755.458 (1) amount related essentially to other temporary differences generated by the tax group of subsidiaries in Spain. On December 31, 2018 there are 1.006.166 euros of tax credits in the tax code Invest- ment (CFI) for use in subsequent years, until 2025, the deadline for its use Fiscal reports and its deferred tax assets by jurisdiction are as follows: Limit year of use unlimited unlimited unlimited unlimited unlimited unlimited Total Start year 2002/04 2005 2006 2007/08 2016 2018 Spain with deferred tax (25%) 11.330 479.654 523.328 46.440 3.212.698 26.224 4.299.675 without deferred tax 30.291 - - - - - 30.291 41.621 479.654 523.328 46.440 3.212.698 26.224 4.329.966 Deferred tax assets Spain 2.833 119.914 130.832 11.610 803.174 6.556 1.074.919 2.833 119.914 130.832 11.610 803.174 6.556 1.074.919 * fiscal reports are prior to the tax group in Spain, except for the year 2018. 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. 277

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