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

At 31 December 2011 and 2010, the Group had the following tax accounts, shown under "Deferred
taxes", "Tax liabilities", "Trade and Other Receivables" (see Note 10) in the attached consolidated
balance sheet (in thousands of Euros):
31.12.10 Additions
Scope
variation
Disposals 31.12.11
Deferred tax asset from foreign companies 7,716 --- 1,022 (282) 8,456
Tax Credit originating from deductions and BINS 16,895 --- --- (1,112) 15,783
Temporary differences available for deduction 6,690 2,579 --- (314) 8,955
Total deferred tax assets 31,301 2,579 1,022 (1,708) 33,194
Current tax assets (Note 10) 4,918 4,599 3,383 (4,918) 7,982
Non-current deferred liabilities 2,683 523 (42) (537) 2,627
- Output VAT 4,778 4,726 --- (4,778) 4,726
- Personal Income Tax Withholdings 1,480 1,038 --- (1,480) 1,038
- Social Security 938 754 --- (938) 754
- Profits tax 6,915 2,738 631 (6,915) 3,369
- Other tax liabilities 765 567 --- (765) 567
Total current tax liabilities 14,876 9,823 631 (14,876) 10,454
31.12.09 Additions Disposals 31.12.10
Deferred tax asset from foreign companies 5,165 2,551 --- 7,716
Tax Credit originating from deductions and BINS 20,294 --- (3,399) 16,895
Temporary differences available for deduction 10,835 742 (4,887) 6.690
Total deferred tax assets 36,294 3,293 (8,286) 31,301
Current tax assets (Note 10) 2,902 4,918 (2,902) 4,918
Non-current deferred liabilities 1,137 1,699 (153) 2,683
- Output VAT 4,035 4,778 (4,035) 4,778
- Personal Income Tax Withholdings 1,408 1,480 (1,408) 1,480
- Social Security 1,049 938 (1,049) 938
- Profits tax 5,411 6,915 (5,411) 6,915
- Other tax liabilities 544 765 (544) 765
Total current tax liabilities 12,447 14,876 (12,447) 14,876
20. Events after the reporting period
After the end of the financial year, ending on 31 December 2011, and until the date that these
Consolidated Financial Statements were prepared by the Directors of the Company, no event has
occurred that could significantly affect these Consolidated Financial Statements.
21. Related party transactions
Transactions between the controlling company and its subsidiaries, which are related parties, have been
eliminated in the consolidation process (a breakdown is not provided in this note). During the financial
year, and as a result of the sale of the Telcel shares detailed in note 2.4 above, the Group received
dividends amounting to 3,885,000 Euros, and there were no additional significant transactions with
other associated companies. Transactions between the company and its subsidiaries and associates are
disclosed in separate financial statements.
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