A N N U A L R E P O R T - Bouygues
A N N U A L R E P O R T - Bouygues
A N N U A L R E P O R T - Bouygues
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7.2. Current provisions = 676<br />
Provisions related to the operating cycle (see Note 2).<br />
Provisions<br />
for customer<br />
warranties<br />
Provisions<br />
for foreign<br />
exchange<br />
losses<br />
Provisions for<br />
project risks<br />
& project<br />
completion<br />
Provisions<br />
for losses to<br />
completion<br />
Provisions<br />
for customer<br />
loyalty<br />
programmes<br />
Other<br />
current<br />
provisions<br />
1 January 2004 23 5 148 73 136 156 541<br />
Movements during 2004<br />
Translation adjustment (1) (1)<br />
Transfers between items (11) 1 (15) (25)<br />
Changes in accounting method and scope<br />
of consolidation<br />
1 (6) (5)<br />
Charges to provisions 15 74 49 11 81 230<br />
Provisions utilised (12) (1) (45) (41) (71) (170)<br />
Provisions no longer required (14) (7) (9) (30)<br />
31 December 2004 27 4 146 74 147 142 540<br />
Movements during 2005<br />
Translation adjustment 2 2 2 6<br />
Transfers between items 2 (10) 36 43 71<br />
Changes in scope of consolidation (1) (3) (13) (17)<br />
Charges to provisions 19 71 81 155 90 416<br />
Provisions utilised (15) (33) (27) (128) (59) (262)<br />
Provisions no longer required (2) (2) (22) (31) (21) (78)<br />
31 December 2005 31 2 153 (1) 132 (3) 174 184 (2) 676<br />
(1) including :<br />
- provisions for risks on completed projects: 77<br />
- provisions for final settlement on projects: 76<br />
Total<br />
NOTE 8: NON-CURRENT TAX<br />
ASSETS / LIABILITIES 375 / 89<br />
8.1. Non-current tax assets<br />
31/12/2004 Change 31/12/2005<br />
Deferred tax<br />
assets<br />
566 (191) 375<br />
• <strong>Bouygues</strong><br />
Telecom (1) 426 (223) 203<br />
• Other segments 140 32 172<br />
Other non-current<br />
tax assets 3 (3) 0<br />
Total non-current<br />
tax assets<br />
569 (194) 375<br />
(1) <strong>Bouygues</strong> Telecom: Deferred tax assets on tax losses available for carryforward<br />
(mainly depreciation deferred for tax purposes), the recoverability<br />
of which is based upon profit forecasts for 2006 contained in the latest<br />
business plans presented to the Board of Directors.<br />
8.2. Non-current tax liabilities<br />
31/12/2004 Change 31/12/2005<br />
Deferred tax<br />
liabilities 158 (69) 89<br />
Other non-current<br />
tax liabilities<br />
Total non-current<br />
tax liabilities 158 (69) 89<br />
(2) including:<br />
- provisions for accident risk insurance costs: 48<br />
- other current provisions: 126<br />
(3) relates to the Construction segment: <strong>Bouygues</strong> Construction 67, <strong>Bouygues</strong> Immobilier 33, Colas 32<br />
(individual project provisions are not disclosed for confidentiality reasons).<br />
184
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