98
2013
Annual Report
34
In 2013 the Company has applied limited income tax deductions of Euros 1.7 million (Euros 3.9 million in 2012).
At 31 December 2013 the Company has unused limited and unlimited income tax deductions for investments
and other items as follows:
Euros 137.4 million of the aforementioned deductions have been capitalised at 31 December 2013 (Euros 139.3
million in 2012). Capitalisation is based on the Company's annual recoverability analyses, considering estimated
future tax profits and the accounting (not tax) recovery limit of 10 years.
Under local legislation, tax credits in respect of loss carryforwards and deductions generated prior to 2013 do
not expire.
The Company has open to inspection all main applicable taxes for the years still open to inspection.
2013
2012
Accrued income tax expense
16,122
14,943
Unlimited deductions for the year
(691)
(963)
Unlimited deductions from prior years
(381)
(695)
Other adjustments
22
(1)
Amount of deductions taken to profit for the year
(7,798)
(8,043)
Total income tax
7,274
5,241
Year of origin
2013
2012
1999
2,184
4,072
2000
17,265
17,265
2001
23,002
23,002
2002
10,399
10,399
2003
17,310
17,310
2004
16,388
16,388
2005
12,512
12,512
2006
9,927
9,927
2007
12,760
12,760
2008
13,920
13,920
2009
773
773
2010
949
949
2011
1,063
1,063
2012
832
-
Total
139,284 140,340
