IBERSOL Annual Report 2018

Consolidated Financial Statements 18.2.2 Deferred tax liabilities Deferred tax liabilities on 31st December 2018 and 2017, according to the temporary differences that generated them, are broken down as follows: Deferred tax liabilities dec/2018 dec/2017 Homogenization of tangible fixed assets and intangible assets (1) 5.539.863 4.291.358 Temporary differences in Spain (2) 4.415.324 3.398.116 Hyperinflationary Economies (IAS 29) 5.393.463 4.870.489 Other temporary differences 33.859 327.993 15.382.508 12.887.956 (1) deferred taxes corresponding to the difference of the net value as in the individual financial statements of the subsidia- ries and the net amount that they contribute in the consolidated. (2) relate mainly to UTE income of the year (1.641.475 eur), with the incorporation in its subsidiaries carried out with the postponement of a year, in compliance with the regulations in force in Spain, and to the deferred tax liabilities impact (2.083.941 eur) of the recognition of the brands Pans e Ribs (group Eat Out). 19. PROVISIONS On 31 December 2018 and 2017, provisions were broken down as follows: dec/2018 dec/2017 Legal processes 5.257 5.257 Income tax (1) 3.211.467 3.211.467 Compensation (2) - 1.245.000 Other 28.000 28.000 Provisions 3.244.724 4.489.724 (1) provision concerning income tax calculation for tax credits of prior years. (2) provision reversal of 245.000 euros, related to lawsuits filed by workers of the former Madeira Airport concessionaire and 140.000 euros relating to contractual investment commitments that could have been claimed by the grantor at the end of the contracts, and the remaining amount of 860.000 euros were used in the current year. 20. DERIVATIVE FINANCIAL INSTRUMENT On December 31, 2018 and 2017 the detail of Ibersol derivative financial instruments is presented as follows: 278