Half-yearly financial Report at June 30, 2013 - A2A
Half-yearly financial Report at June 30, 2013 - A2A
Half-yearly financial Report at June 30, 2013 - A2A
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<strong>Half</strong>-<strong>yearly</strong> <strong>financial</strong> report <strong>at</strong> <strong>June</strong> <strong>30</strong>, <strong>2013</strong>Other inform<strong>at</strong>ionadditional IRES and IRAP taxes of 233 thousand euro plus penalties and interest, and smallerfindings.On May 21, 2012 the Milan Provincial Tax Commission partially upheld the appeal recognizingthe deductibility of the utiliz<strong>at</strong>ion of the taxed provision for risks and confirming the moreminor findings.On August 17, 2012 a notice of VAT assessment was served contesting the recovery of VAT dueto the effect of failing to apply the pro-r<strong>at</strong>a deductibility on exempt revenues of cash poolinginterest income, with the resulting demand for additional taxes of 284 thousand euro pluspenalties and interest.The company filed an applic<strong>at</strong>ion for suspension and an applic<strong>at</strong>ion for discussion in a publichearing with the Second Provincial Department of the Tax Revenue Office of Milan onNovember 15, 2011 by means of registered letter and an appeal with the Milan Provincial TaxCommission on December 6, 2011.The Milan Provincial Tax Commission partially upheld the appeal by way of a sentence filed onMay 21, 2012..153On November 14, 2012 the company was served a payment notice for 365 thousand eurowhich was settled on January 11, <strong>2013</strong>. On January 8, <strong>2013</strong> the Tax Revenue Office filed anappeal and on March 8, <strong>2013</strong> the company filed a cross appeal.On May 3, <strong>2013</strong> a further payment notice for 252 thousand euro was served which was paid onMay 25, <strong>2013</strong>.ASRAB S.p.A - Assessments of first and second level for IRES and IRAP purposes forfiscal 2004Between 2007 and 2009 notices of IRES (first and second level) and IRAP tax assessmentswere served for the tax year 2004 contesting certain items of amortiz<strong>at</strong>ion and depreci<strong>at</strong>ioncharged against taxable income along with costs rel<strong>at</strong>ing to “assignment fees” th<strong>at</strong> thecompany pays each year to Co.s.r.a.b., with the resulting demand for additional IRES and IRAPtaxes of 355 thousand euro plus penalties and interest.The company filed an appeal against the second level notice with the Milan Provincial TaxCommission on May 20, 2011. The Commission upheld the request for suspension put forwardby the company and in May 2011 upheld the appeal, cancelling the assessment rel<strong>at</strong>ing to the“assignment fees”. On October 1, 2012 the company signed an applic<strong>at</strong>ion for a settlementwith the Biella Tax Revenue Office to close the dispute on a definitive basis.
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