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

13.4 Changes in deferred tax during the period30/6/11 30/6/101. Opening balance 234,371 240,8802. Additions — —2.1 Deferred tax originating during period — —a) relating to previous years — —b) due to changes in accounting policies — —c) others — —2.2 New taxes or increases in tax rates — —2.3 Other additions — —3. Reductions 2,567 6,5093.1 Deferred tax reversed during period 2,567 6,509a) reclassifications 2,567 6,509b) due to changes in accounting policies — —c) others — —3.2 Reductions in tax rates — —3.3 Other reductions — —4. Balance at end of period 231,804 234,37113.5 Changes in advance tax during the period 130/6/11 30/6/101. Opening balance 60,389 61,3482. Additions 52,267 60,3892.1 Advance tax originating during period 50,204 60,389a) for previous years — —b) due to changes in accounting policies — —c) others 50,204 60,3892.2 New taxes or increases in tax rates 2,063 —2.3 Other additions — —3. Reductions 60,389 61,3483.1 Advance tax reversed during period 60,389 61,348a) reclassifications 60,389 61,348b) writedowns of non-recoverable items — —c) due to changes in accounting policies — —d) others — —3.2 Reductions in tax rates — —3.3 Other reductions — —4. Balance at end of period 52,267 60,3891Taxes relating to cash flow hedges and AFS securities valuations.328 –