Annual Report 2012 - Indesit

More documents

Recommendations

Info

Separate financial statements at 31 December 2012 – Notes 7.14 Deferred tax liabilities Deferred tax liabilities (IRES rate 27.5%, average IRAP rate 4.2%) are analyzed in the following table. They are stated net of the deferred tax assets, as mentioned in note 7.5. Statement deferred taxes (million euro) 2011 IRES 2011 IRAP Changes IRES IRAP 2012 IRES 2012 IRAP Deferred tax liabilities Dividends (12.1) - (0.0) - (12.1) - Changes in severance indemnities (2.2) - 0.2 - (2.1) - Leased goods (1.8) (0.4) 0.6 0.0 (1.2) (0.4) Total (16.2) (0.4) 0.7 0.0 (15.4) (0.4) Effect of reducing Ires and Irap rates - - - - Deferred tax assets Entertainment expenses - - 0.0 (0.0) - (0.0) Remuneration to directors and employees 0.9 - 0.1 - 1.0 - Impairment losses on receivables 3.2 - 0.4 - 3.6 - Other provisions for risks 12.8 0.8 (0.6) (0.2) 12.2 0.6 Provisions for warranties 1.7 0.3 (0.1) 0.0 1.6 0.3 Intangible assets and goodwill 0.3 0.0 (0.3) (0.0) 0.0 0.0 Tax losses carried forward 17.3 - 8.2 - 25.5 - Cash flow hedging reserve 3.2 - 0.2 0.0 3.4 - Total 39.5 1.1 7.8 (0.2) 47.3 0.9 Effect of reducing Ires and Irap rates - - - - Deferred tax assets and liabilities 23.3 0.7 8.5 (0.2) 31.8 0.6 Balance 24.0 8.3 32.4 174
Separate financial statements at 31 December 2012 – Notes The net deferred tax assets relating to IRES amount to about 32.4 million euro at 31 December 2012, following a net change of about 8.5 million euro with respect to the prior year. This balance mainly reflects the deferred taxes calculated on temporary differences arising in relation to provisions for risks and carried forward tax losses. The change in deferred tax assets includes 0.2 million euro reflected in equity reserves in relation to the change in the cash flow hedge. The net deferred tax assets relating to IRAP amount to about 0.6 million euro. This balance mainly reflects the deferred taxes calculated on temporary differences arising in relation to the provisions for risks and charges. Deferred tax assets and liabilities have been recognised in relation to all significant temporary differences. 7.15 Other non-current liabilities Other non-current liabilities comprise deferred grants from the government and other entities of 2.7 million euro (3.5 million euro) and the deferred bonuses of directors and employees amounting to 9.0 million euro (9.5 million euro), together with the related social security contributions and charges of 3.0 million euro (2.7 million euro). Deferred grants from the government and other entities comprise grants for planned investment by “Distretto dell’Elettrodomestico Società Consortile arl” and for the Albacina factory (Law 488/92). These grants are subject to restrictions that are currently respected. 7.16 Trade payables Trade payables comprise all the amounts due for the purchase of goods and services from the Company’s suppliers. All payables fall due within one year. No amounts have been discounted. The amounts due to suppliers reported among trade payables comprise without distinction the amounts due to both suppliers of raw materials and suppliers of fixed assets. Trade payables amount to 389.6 million euro (400.2 million euro). 175
Page 1:
Annual Report 2012
Page 4 and 5:
Indesit Company S.p.A. Registered O
Page 6 and 7:
Report on operations at 31 December
Page 8 and 9:
Page 10 and 11:
Page 12 and 13:
Page 14 and 15:
Page 16 and 17:
Page 18 and 19:
Page 20 and 21:
Page 22 and 23:
Page 24 and 25:
Page 26 and 27:
Page 28 and 29:
Page 30 and 31:
Page 32 and 33:
Page 34 and 35:
Page 36 and 37:
Consolidated financial statements a
Page 38 and 39:
Page 40 and 41:
Page 42 and 43:
Page 44 and 45:
Page 46 and 47:
Page 48 and 49:
Page 50 and 51:
Page 52 and 53:
Page 54 and 55:
Page 56 and 57:
Page 58 and 59:
Page 60 and 61:
Page 62 and 63:
Page 64 and 65:
Page 66 and 67:
Page 68 and 69:
Page 70 and 71:
Page 72 and 73:
Page 74 and 75:
Page 76 and 77:
Page 78 and 79:
Page 80 and 81:
Page 82 and 83:
Page 84 and 85:
Page 86 and 87:
Page 88 and 89:
Page 90 and 91:
Page 92 and 93:
Page 94 and 95:
Page 96 and 97:
Page 98 and 99:
Page 100 and 101:
Page 102 and 103:
Page 104 and 105:
Page 106 and 107:
Page 108 and 109:
Page 110 and 111:
Page 112 and 113:
Page 114 and 115:
Page 116 and 117:
Page 118 and 119:
Page 120 and 121:
Page 122 and 123:
Separate financial statements at 31
Page 124 and 125:
Separate financial statements at 31
Page 126 and 127: Separate financial statements at 31
Page 202: 200 Separate financial statements a
show all

Annual Report 2012 - Indesit

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?