UBI Banca Group

to the debt for the health policy which arose against an entry recognised in equity in past
years and which was charged to the income statement in 2011, as a result of the new trade
union agreement already mentioned, signed in September 2011.
“Other decreases” within item 3.3 include €4,704 thousand relating to the Parent for deferred
IRAP tax liabilities recognised in prior years, for which the reasons for the original recognition
are no longer valid.
14.5 Changes in deferred tax assets (balancing entry in equity)
31/12/2011 31/12/2010
1. Opening bal ance 187,103 33,610
2. Increases 386,259 161,061
2.1 Deferred tax assets arising during the year 385,192 149,610
a) relating to previous years - 9,515
b) due to changes in accounting policies - -
c) other 385,192 140,095
2.2 New taxes or increases in tax rates 908 -
2.3 Other increases 159 11,451
3. Decreases (45,925) (7,568)
3.1 Deferred tax assets derecognised during the year (7,164) (7,434)
a) reversals of temporary differences (7,148) (7,434)
b) impairment losses on non-recoverable items (16) -
c) due to changes in accounting policies - -
3.2 Reductions in tax rates - -
3.3 Other decreases (38,761) (134)
4. Final bal ance 527,437 187,103
14.6 Changes in deferred tax liabilities (with balancing entry in equity)
31/12/2011
31/12/2010
1. Opening balance 363,756 432,601
2. Increases 30,779 10,913
2.1 Deferred tax liabilities arising during the year 19,810 7,823
a) relating to previous years 3 5,185
b) due to changes in accounting policies - -
c) other 19,807 2,638
2.2 New taxes or increases in tax rates 10,820 2
2.3 Other increases 149 3,088
3. Decreases (221,291) (79,758)
3.1 Deferred tax liabilities derecognised during the year (217,088) (79,734)
a) reversals of temporary differences (216,680) (74,420)
b) due to changes in accounting policies - -
c) other (408) (5,314)
3.2 Reductions in tax rates - -
3.3 Other decreases (4,203) (24)
4. Final balance 173,244 363,756
313