A N N U A L R E P O R T - Bouygues

8.3. Deferred tax assets and liabilities by business segment
Movements during 2005
Type of deferred taxation
by business segment
Net deferred tax
asset / liability
at 31/12/04
Changes in
scope of
consolidation
Translation
adjustment
Gain
Expense
Other
items
Net deferred tax
asset / liability
at 31/12/05
A - Tax losses available for carry-forward
Bouygues Construction 3 3
Bouygues Immobilier 0
Colas 3 4 7
Media 12 12
Telecoms 332 (168) 164
Bouygues SA and other activities 0
Sub-total 338 0 0 16 (168) 0 186
B - Temporary differences (1)
Bouygues Construction 33 13 (1) 12 57
Bouygues Immobilier 16 5 21
Colas (23) (3) (4) 16 (7) 17 (4)
Media (10) 11 (1) (3) (3)
Telecoms 94 4 (57) (3) 38
Bouygues SA and other activities (40) 3 (1) 29 (9)
Sub-total 70 (3) (4) 52 (67) 52 100
Total 408 (2) (3) (4) 68 (235) 52 286 (2)
(1) main sources of deferred taxation: 2005 2004
- deferred tax assets on employee benefits 87 64
- deferred tax on temporarily non-deductible provisions 54 19
- restricted provisions booked solely for tax purposes (57) (18)
- other 16 5
100 70
(2) net deferred tax asset
8.4. Period to recovery of deferred tax assets
31 December 2005 Less than 2 years 3 to 5 years Over 5 years Total
Period to recovery of deferred
tax assets 257 52 66 375
8.5. Unrecognised deferred tax assets
Amount of deferred tax assets not recognised due to low probability of recovery
31 December 2005 31 December 2004
Bouygues Construction 51 50
Colas 27 35
TF1 42 63
Other 75 66
Total unrecognised deferred
tax assets 195 214
CONSOLIDATED FINANCIAL STATEMENTS
185