FINANCIAL REPORT 2013

• 2.7.11. Current and deferred tax assets and liabilities

(in thousands of euros)

31.12.2013

31.12.2012

Current tax

4 423

9636

Deferred tax

28 457

33529

TOTAL CURRENT AND DEFERRED TAX ASSETS

32 880

43165

Current tax

35 437

64317

Deferred tax

62 628

72929

TOTAL CURRENT AND DEFERRED TAX LIABILITIES

98 065

137246

Net deferred tax assets and liabilities break down as follows:

31.12.2013

31.12.2012

Deferred tax assets

Deferred tax liabilities

Deferred tax assets

Deferred tax liabilities

(in thousands of euros)

TEMPORARY TIMING DIFFERENCES

26 447

2 225

24928

2167

Non-deductible accrued expenses

5 503

4030

Non-deductible provisions for liabilities and charges

7 871

7441

Other temporary differences

13 073

2 225

13457

2167

DEFERRED TAX/RESERVES FOR UNREALISED GAINS OR LOSSES

4 792

2 229

11642

891

Available-for-sale assets

48

1 881

7186

561

Gains and losses/Actuarial gains or losses

4 744

348

4456

330

DEFERRED TAX/ INCOME

7 177

68 132

79521

152433

COMPENSATION IMPACT

– 9 959

– 9 959

– 82562

– 82562

TOTAL DEFERRED TAX

28 457

62 627

33529

72929

32