Annual Report 2005 - Tenaris

. Reconciliation of income tax and social contribution with the
amount of taxes that would be payable were they to be assessed
by applying tax rates to the results shown in the corporate accounts
PROFIT BEFORE INCOME TAX AND SOCIAL CONTRIBUTION
AND AFTER MANAGEMENT AND EMPLOYEE PROFIT SHARE
NOMINAL AGREED RATE – %
EXPENSES WITH NOMINAL INCOME TAX AND SOCIAL CONTRIBUTION
PERMANENT DIFFERENCES
Equity in results of subsidiaries and associates
Interest on own capital
Deferred income tax in non-recognized subsidiary
Other permanent additions and exclusions, net
TEMPORARY DIFFERENCES
Use of tax loss and negative base
Tax credit on temporary additions and exclusions
Current tax
Use of tax loss and negative base
Deferment of temporary additions and exclusions
Reversion of deferred income tax and social contribution of Confab Montagens Ltda.
Deferred tax
Charge for income tax and social contribution for period
17. Other operating expenses, net
Contingency provision
Others, net
Other operating expenses, net
2005
395,388
34
(134,432)
6,230
13,943
–
(4,116)
14,246
(10,707)
(114,836)
(14,246)
10,707
–
(3,539)
(118,375)
2005
(23,389)
(568)
(23,957)
Parent company Consolidated
2004
23,432
34
(7,967)
(4,129)
6,990
–
(807)
2,007
(1,618)
(5,524)
(2,007)
1,618
–
(389)
(5,913)
2004
(6,078)
241
(5,837)
2005
412,288
34
(140,178)
264
14,849
–
(3,637)
15,373
(10,823)
(124,152)
(14,246)
10,823
–
(3,423)
(127,575)
2005
(23,837)
(1,440)
(25,277)
2004
34,338
34
(11,675)
(2,090)
7,343
(2,129)
(1,132)
2,007
(915)
(8,591)
(2,007)
915
(2,471)
(3,563)
(12,154)
Parent company Consolidated
2004
(6,879)
(235)
(7,114)
77. Financial Statements 2005