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Note 16.1. Income tax expense for the period

(in million of euros) 2011* 2011 published

(130) (130) (14) 1 (13) (143) (3) (0) (146) 2012

Current tax (174) (174)

SUB-TOTAL, CURRENT TAX (174) (174)

Deferred taxes (expense) income on new temporary differences and reversals of temporary differences arising in prior periods 6

(102) Deferred taxes arising from changes in tax rates or tax laws 2

2

SUB-TOTAL, DEFERRED TAX 8 (100)

INCOME TAX EXPENSE (EXCLUDING TAX ON THE PROFITS OF
ASSOCIATES AND DISCONTINUED OPERATIONS) (166)

(274)

Tax on profits of associates (2)

(2) Tax on profits of discontinued operations (109)

(1)

TAX OF THE PERIOD (277) (277)

5Financial statements CONSOLIDATED FINANCIAL STATEMENTS NOTE 16 INCOME TAX EXPENSE * In accordance with IFRS 5, income tax expense of the US Economy Hotels and Onboard Train Services businesses have been reported in profit or loss from discontinued operations (see note 17).