124 / 140
42
The reconciliation of the accounting profit to the taxable profit for income tax purposes for 2014 is
as follows:
Thousands of euros
Increase
Decrease
Total
Accounting profit after tax
45,233
Income tax
41,897
-
41,897
Permanent differences -
6,616
23,554
(16,938)
Penalties
79
-
79
Donations
237
-
237
Impairment of investments
5,195
-
5,195
Elimination of dividends
-
3,359
(3,359)
Inclusion of impairment of investments
20,195
(20,195)
Elimination of intra-Group transactions
1,105
1,105
Deductible temporary differences:
12,358
13,951
(1,593)
Arising in the year:
Provision for contingencies and charges
7,251
-
7,251
Non-current accounts payable
1,000
-
1,000
Net impairment losses
4,107
4,107
Arising in prior years
:
Provision for contingencies and charges
-
6,954
(6,954)
Non-current accounts payable
-
53
(53)
Net impairment losses
6,944
(6,944)
Taxable temporary differences:
791
-
791
Arising in the year:
Net impairment losses
791
-
791
Gross taxable profit
19,765
37,505
69,390
Offset of prior years' tax losses
(28,303)
Tax rate
30%
Gross tax payable
12,326
Accounts receivable from (payable to) Group companies
13,155
Tax credits used in 2014
(6,704)
2014 tax prepayments
(19,745)
Income tax payable (refundable)
(968)
16.3 Tax recognised in equity
The detail of the taxes recognised directly in equity in 2015 is as follows:
Thousands of euros
Increase
Decrease
Total
Current taxes:
Capital increase expenses
Capital reduction expenses
Total current taxes
Deferred taxes:
Arising in the year:
Available-for-sale financial assets
Revaluation of other financial assets
Grants
Effect of first-time application of New Spanish
National Chart of Accounts
Arising in prior years:
Available-for-sale financial assets
Revaluation of other financial assets
Grants
-
198
(198)
Total deferred taxes
-
198
(198)
Total tax recognised directly in equity
(198)