Annual Accounts and Report as at 30 June 2011 Draft - Mediobanca

14.5 Changes in advance tax during the period 130/6/11 30/6/101. Opening balance 110,650 125,4462. Additions 64,658 82,8702.1 Advance tax originating during period 61,943 82,870a) for previous years — —b) due to changes in accounting policies — —c) others 61,943 82,8702.2 New taxes or increases in tax rates 2,473 —2.3 Other additions 242 —3. Reductions 106,224 97,6663.1 Advance tax reversed during period 106,224 97,666a) reclassifications 91,526 97,666b) writedowns of non-recoverable items — —c) due to changes in accounting policies — —d) others 14,698 —3.2 Reductions in tax rates — —3.3 Other reductions — —4. Balance at end of period 69,084 110,6501 Taxes on cash flow hedges and AFS securities valuations.– 115