AMPER, SA and Subsidiaries Consolidated Financial Statements for ...

Changes in deferred tax assets or liabilities that do not arise from business combinations are
recognised in the consolidated income statement or directly in equity in the consolidated balance
sheet, as the case may be.
Changes in deferred taxes that arise from business combinations and are not recognised in the
takeover because their recovery is not assured, are assigned by reducing, if applicable, the book
value of the goodwill recognised when the business combinations was accounted for or, if no
such goodwill exists, using the standard method.
Deferred tax assets are only recognised when it is expected that future taxable profits will be
earned that allow their application (Note 19).
Tax credits arising from events that occurred in financial year reduce the accrued sum of profits
tax unless there are doubts about realisation, in which case they are not recognised until there is
evidence that it is very likely that the sum will be recovered. In this case, the same criterion as for
assets derived from negative tax bases will be applied. At the end of each year, tax benefits
recorded are reviewed, maintaining those that are highly likely to be recovered within 10 years in
the consolidated balance sheet.
Amper S.A. is the parent company of Tax Consolidation Group no. 31/90, together with the
following companies:
• Amper Sistemas, S.A.
• Sociedad Anónima de Finanzas y Telecomunicación.
• Epicom, S.A.
• Landata Comunicaciones de Empresa, S.A.
The companies in the Tax Consolidation Group signed an agreement regulating the criteria for
the application and distribution of the tax burden of the Group, the tax credits generated by the
companies and the recognition and settlement of payables and receivables that could arise from
this (Note 19).
m) Earnings per share
Basic earnings per share are calculated by dividing profit or loss attributable to the controlling
company and the average weighted number of ordinary shares in circulation during the year,
excluding the average number of shares of the controlling company held in the Group's portfolio.
The Group has not carried out any kind of transaction that has led to diluted earnings per share
different from basic earnings per share.
n) Foreign currency transactions
Transactions in currencies other than the functional currency of each company are recorded in
the functional currency of the Group (€) at the exchange rate in force at the time of the
transaction. During the year, the differences that arise between the exchange rate accounted for
and the rate in force at the date of collection or payment are recorded as finance costs or finance
income in the consolidated income statement.
Likewise, balances payable or receivable at 31 December of each year denominated in
currencies other than the functional one (in which the financial statements of the companies that
make up the scope of consolidation are denominated) are made at the exchange rate in force at
the closure.
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