Page 237 - ENAV eng_Relazione_Finanziaria_Annuale_2014

Notes to the Financial Statements of ENAV SpA 235

Note F – Taxation

The adjustments shown in the table for deferred tax assets and liabilities
are based on the temporary differences between the carrying amounts of
assets and liabilities arising under Italian GAAP and those arising under
IFRSs. Deferred taxes are recognized in the separate financial statements
using rates of 27.5% for IRES and 4.78% for IRAP.

The ifrs statements of financial position at1 january 2013 and 31
december 2013 and the ifrs income statement for the year ended 31
december 2013

Set out below, supplementing the reconciliations of equity at 1 January 2013
and 31 December 2013 and net income for the year ended 31 December
2013, are the statements of financial position at 1 January 2013 and 31
December 2013 together with the 2013 income statement. These show in
column format for each item:

l the amounts calculated in accordance with Italian GAAP, reclassified
to an IFRS format;

l the adjustments made to Italian GAAP following the application of
IFRSs;

l the reclassifications arising from the different accounting treatment
under IFRSs;

l the final balances in accordance with IFRSs.

The following tables are expressed in thousands of euros.