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

Section 13Asset heading 130 and Liability heading 80: Tax assets andliabilities13.1 Advance tax assets30/6/11 30/6/10Corporate income tax (IRES) 112,875 127,826Regional production tax (IRAP) 38,275 24,953Total 151,150 152,77913.2 Deferred tax liabilities30/6/11 30/6/10Corporate income tax (IRES) 246,408 255,197Regional production tax (IRAP) 11,714 7,506Total 258,122 262,70313.3 Changes in advance tax during the period30/6/11 30/6/101. Opening balance 92,390 83,5672. Additions 12,481 15,4122.1 Advance tax originating during the period 8,921 15,412a) for previous years — —b) due to changes in accounting policies — —c) amounts written back — —d) other additions 8,921 15,4122.2 New taxes or increases in tax rates 3,560 —2.3 Other additions — —3. Reductions 5,988 6,5893.1 Advance tax reversed during the period 5,988 3,650a) reclassifications 5,988 3,650b) amounts written off as unrecoverable — —c) due to changes in accounting policies — —d) other — —3.2 Reductions in tax rates — —3.3 Other reductions — 2,9394. Balance at end of period 98,883 92,390– 327