ACCIONA, S.A. AND SUBSIDIARIES (Consolidated Group ...

The changes in “Grants” in 2011 and 2010 were as follows:
23.- Tax matters
Consolidated taxation
Balance at 31/12/09
Grants
115,045
Additions 9,285
Variations due to changes in the scope of
consolidation
--
“Other Income” taken to profit or loss (7,188)
Other 11,032
Balance at 31/12/10 128,174
Additions
Variations due to changes in the scope of
19,559
consolidation (20,897)
“Other Income” taken to profit or loss (8,135)
Other (206)
Balance at 31/12/11 118,495
Pursuant to current legislation, consolidated tax groups include the parent together with certain
subsidiaries that meet the requirements provided for in Spanish tax legislation. Since 2009 there
has been a single tax group in Spain that avails itself of this special taxation system, the Parent of
which is Acciona, S.A.
The other Acciona Group entities file separate tax returns in accordance with the tax legislation
applicable in the Basque Country, Navarre, the rest of Spain or that in force in each country.
Effective from 1 January 2008, the Company availed itself of the special consolidated tax regime
for VAT purposes envisaged in Chapter IX of Title IX of VAT Law 37/1992, of 28 December.
The Parent of the VAT group is Acciona, S.A.
Years open for review by the tax authorities:
In 2006 the tax audits initiated in 2005 in relation to income tax for 2000-2002 of Acciona, S.A.
as the Parent of the tax group were completed. The tax assessments issued for these years were
signed on a contested basis, since the Parent considered that there were no legal grounds for the
assessments. In particular, the tax authorities did not accept the policy of recognising the results of
the UTEs in the year in which the financial statements were approved. Economic-administrative
appeals were filed against the tax assessments at the Central Economic-Administrative Tribunal
(TEAC), requesting, in the alternative, that should the stance adopted by the Spanish tax
authorities be upheld, the refund of the tax unduly paid arising from the tax return for 2003 -
relating to the results of the UTEs for 2002 reported by the Parent in that year- be acknowledged
ex officio through its ex officio offset against the tax deficiency claimed in the 2002 assessment.
- Page 86 -