Page 195 - ENAV eng_Relazione_Finanziaria_Annuale_2014

Notes to the Financial Statements of ENAV SpA 193

8. Deferred tax assets and liabilities

Details of deferred tax assets and liabilities are provided in the following
table, which shows those items recognized in profit or loss and those
recognized in equity.

31.12.2013 Increase/decrease Increase/decrease 31.12.2014
through profit or loss through equity

Temporary Deferred Temporary Deferred Temporary Deferred Temporary Deferred
differences tax assets/ differences tax assets/ differences tax assets/ differences tax assets/

liabilities liabilities liabilities liabilities

Deferred tax 49,387 13,581 372 102 0 0 49,759 13,683
assets 9,090 2,500 (591) (163) 0 0 8,499 2,337

Taxed provisions 1,831 591 7,263 2,144 0 0 9,094 2,735

Inventory 4,410 1,424 (3,453) (1,115) 0 0 957 309
write-downs
0 0 0 0 1,749 481 1,749 481
Discounting
of receivables 0 0 1,344 370 0 0 1,344 370

Tax effect 671 184 0 0 (666) (183) 5 1
of IFRS conversion 60 17 (24) (7) 0 0 36 10
65,449 4,911 1,331 71,443 19,926
Discounting 18,297 1,083 298
of the TFR
4,140 1,139 2,006 552 0 0 6,146 1,691
Non-deductible 3,424 1,105 (91) (29) 0 0 3,333 1,076
portion of the TFR
3,490 960 0 0 (3,490) (960) 0 0
Fair value
derivative 0 0 0 0 1,863 512 1,863 512
11,054 3,204 1,915 11,342 3,279
Other 523 (1,627) (448)

Total

Deferred tax
liabilities

Other

Tax effect
of ifrs conversion

Discounting
of the tfr

Fair value
derivative

Total

Deferred tax assets amount to ¤19,926 thousand and mainly relate to
taxed provisions. Changes during the year in this item regard the utilization
of these provisions, for the reasons discussed in notes 10 and 16, with the
resulting tax deduction. The discounting of receivables relates to amounts