CONSOLIDATED FINANCIAL STATEMENTS >
EXPLANATORY NOTES
206
| 2013 ANNUAL REPORT | PRYSMIAN GROUP
Movements in deferred taxes are detailed as follows:
The following table presents details of carryforward tax losses:
These are detailed as follows:
The Group has not recognised any deferred tax assets for
carryforward tax losses of Euro 651 million at 31 December 2013
(Euro 675 million at 31 December 2012), or for future deductible
temporary differences of Euro 180 million at 31 December 2013
(Euro 187 million at 31 December 2012). Unrecognised deferred
tax assets relating to these carryforward tax losses and
deductible temporary differences amount to Euro 240 million
at 31 December 2013 (Euro 251 million at 31 December 2012).
(in millions of Euro)
Accumulated depreciation Provisions (*)
Tax losses
Other
Total
Balance at 31 December 2011
(163)
51
49
54
(9)
Currency translation differences
1
(3)
-
(1)
(3)
Impact on income statement
4
13
22
(7)
32
Impact on equity
-
14
-
3
17
Other and reclassifications
(5)
30
-
(30)
(5)
Balance at 31 December 2012
(163)
105
71
19
32
Currency translation differences
4
(4)
(1)
(5)
(6)
Impact on income statement
12
(24)
(1)
22
9
Impact on equity
-
(2)
-
-
(2)
Other and reclassifications
1
(6)
-
6
1
Balance at 31 December 2013
(146)
69
69
42
34
(in millions of Euro)
31 December 2013
31 December 2012
Carryforward tax losses
953
986
of which recognised as assets
302
311
Carryforward expires within 1 year
9
20
Carryforward expires between 2-5 years
110
112
Carryforward expires beyond 5 years
307
348
Unlimited carryforward
527
506
(in millions of Euro)
2013
2012
Finished goods
5,925
6,552
Construction contracts
912
802
Services
84
174
Other
352
320
Total
7,273
7,848
17.
SALES OF GOODS AND SERVICES
(*) These comprise Provisions for risks and charges (current and non-current) and Employee benefit obligations,
