43
The reconciliation of the accounting profit to the taxable profit for income tax purposes for 2013 is
as follows:
Thousands of euros
Increase
Decrease
Total
Accounting profit after tax
34,468
Income tax
4,006
(4,006)
Permanent differences –
7,041
12,353
(5,312)
Penalties
1,143
-
1,143
Donations
809
-
809
Impairment of investments
1,949
-
1,949
Elimination of dividends
-
12,353
(12,353)
Elimination of intra-Group transactions
3,140
-
3,140
Deductible temporary differences:
15,145
36,803
(21,658)
Arising in the year:
Provision for contingencies and charges
10,723
-
10,723
Non-current accounts payable
-
-
-
Impairment losses
4,422
4,422
Arising in prior years
:
Provision for contingencies and charges
-
8,765
(8,765)
Non-current accounts payable
-
3,184
(3,184)
Impairment losses
24,854
(24,854)
Taxable temporary differences:
791
-
791
Arising in the year:
Impairment losses
791
-
791
Gross taxable profit
22,978
53,163
4,283
Offset of prior years' tax losses
(1,143)
Tax rate
30%
Gross tax payable
942
Accounts receivable from (payable to) Group companies
8,416
Tax credits used in 2013
(3,002)
2013 tax prepayments
(7,003)
Income tax payable (refundable)
(647)
The reconciliation of the accounting profit to the taxable profit for income tax purposes for 2012 is
as follows:
Thousands of euros
Increase
Decrease
Total
Accounting profit after tax
35,862
Income tax
21,462
(21,462)
Permanent differences –
4,797
31,370
(26,573)
Penalties
761
-
761
Donations
868
-
868
Elimination of provisions
3,168
-
3,168
Elimination of dividends
-
26,356
(26,356)
Elimination of intra-Group transactions
-
5,014
(5,014)
Deductible temporary differences:
16,170
7,038
9,132
Arising in the year:
Provision for litigation
5,058
-
5,058
Non-current accounts payable
4,141
-
4,141
Impairment losses
6,971
3,433
3,538
Arising in prior years
:
Provisions and accounts payable
-
685
(685)
Provision for contingencies and charges
-
2,012
(2,012)
Impairment losses
908
(908)
Taxable temporary differences:
198
-
198
Arising in the year:
Impairment losses
198
-
198
Gross taxable profit
21,165
59,870
(2,843)
Tax rate
30%
Gross tax payable
(853)
Accounts receivable from (payable to) Group companies
2,891
Tax credits used in 2012
(640)
2012 tax prepayments
(1,964)
Income tax payable (refundable)
(566)
