AMPER, SA and Subsidiaries Consolidated Financial Statements for ...
AMPER, SA and Subsidiaries Consolidated Financial Statements for ... AMPER, SA and Subsidiaries Consolidated Financial Statements for ...
The expense for profits tax accrued in 2011 and 2010 is as follows: Year 2011 (thousands of Euros) Increases Reductions Total Spanish companies excluded from the Tax Group (a) 1,887 --- 1,887 Companies included in the Tax Group (b) --- (409) (409) Foreign companies (c) 3,158 --- 3,158 Adjustments --- (49) (49) Total profits tax expense 4,587 Year 2010 (thousands of Euros) Increases Reductions Total Spanish companies excluded from the Tax Group (a) 821 --- 821 Companies included in the Tax Group (b) 9,706 --- 9,706 Foreign companies (c) 479 --- 479 Adjustments 206 --- 206 Total profits tax expense 11,212 a) The profits tax expenses for which the Spanish companies excluded from the Tax Group are liable, consists of the book entry of the tax expense by the company Amper Programas de Electrónica y Comunicaciones S.A. b) The profits tax expense for which the Spanish companies included in the Tax Group are liable consists of the book entry of the tax expense or credit corresponding to each of the companies that make up the Tax Group, as established by the Tax Consolidation Covenant signed by them. c) The profits tax expense for which the foreign companies are liable consists of the book entry for this expense by Hemisferio do Sul, Amper do Brasil, Medidata Informática and the companies of the Group eLandia (the latter only the year 2011). The Group's deferred tax assets stood at 33,194 thousands of Euros (31,301 thousands of Euros in 2010). The evolution over the financial year is as follows: Company 31.12.10 Additions Scope variation Disposals 31.12.11 Amper S.A. 16,895 857 --- (1,112) 16,640 Hemisferio Norte, S.A. 298 --- --- (298) --- Medidata Informática 7,228 --- --- (250) 6,978 Amper do Brasil 488 --- --- (32) 456 Amper Programas S.A. 3,412 1,124 --- --- 4,536 Safitel, S.A. 5 --- --- --- 5 Amper Sistemas, S.A. 2,167 597 --- --- 2,764 Landata Comunicaciones, S.A. 738 --- --- (16) 722 Epicom, S.A. 70 1 --- --- 71 eLandia Corp. Inc. --- --- 1,022 --- 1,022 Total Deferred Tax Assets 31,301 2,579 1,022 (1,708) 33,194 59
Company 31.12.09 Additions Scope variation Disposals 31.12.10 Amper S.A. 23,070 --- --- (6,175) 16,640 Hemisferio Norte, S.A. 298 --- --- ---- 298 Medidata Informática 4,730 2,498 --- ---- 7,228 Amper do Brasil 435 53 --- --- 488 Amper Soluciones, S.A. 1,147 --- --- (208) 939 Amper Programas S.A. 2,670 742 --- --- 3,412 Safitel, S.A. 5 --- --- --- 5 Amper Sistemas, S.A. 1,290 --- --- (439) 851 Epicom, S.A. 219 --- --- (149) 70 Amper Medidata, S.A.U. 2,430 --- --- (1,315) 1,115 Total Deferred Tax Assets 36,294 3,293 --- (8,286) 31,301 The increases in deferred tax on assets that have occurred in each of the companies in the Group are due to the recording of separate temporary differences. The Group has estimated the recoverability of the deferred tax assets based on the projections of the taxable income generated by each company, or the tax Group. The projections used for the recoverability of the deferred tax assets use the same budgets as those used for the impairment test of the Communication and Security Spain Cash Generating Unit. In accordance with these estimates, the deferred tax assets will be recovered within a reasonable period not exceeding 10 years. The negative tax incomes (BIN) of previous years pending compensation before settlement corresponding to 2011 are as follows (in thousands of euros): Year Prescription Total Deductions Total BIN 2012 1,798 --- 2013 1,401 --- 2014 1,932 --- 2015 1,268 --- 2016 1,312 --- 2017 2,502 11,794 2018 1,098 10,066 2019 2,389 --- 2020 8 26,206 2021 --- 14,007 2022 --- 10,667 2027 --- 10,719 2028 --- 15,637 Total 13,708 99,096 According to the provisions set out in Article 9 of Royal Decree Act 9/2011 of 19 August, regarding measures to improve the quality and cohesion of the national health system, the contribution to the fiscal consolidation and raising the maximum amount of State guarantees for 2011 effective for periods beginning in the years 2011, 2012 and 2013 and compensation for loss carryforwards of the companies of the Group in Spain are limited to 50% of the tax base prior to such compensation. In addition, the period of compensation for loss carryforwards pending compensation by 31 December 2011 shall be extended to three years until the total period of 18 years. 60
- Page 9 and 10: • In accordance with IFRSs, these
- Page 11 and 12: The consolidated financial statemen
- Page 13 and 14: a. Assets and liabilities: applying
- Page 15 and 16: The Group’s share in non-controll
- Page 17 and 18: The criteria used to recognise impa
- Page 19 and 20: e) Financial instruments Financial
- Page 21 and 22: Likewise, the Group needs to effect
- Page 23 and 24: At the end of 2011 a number of lega
- Page 25 and 26: Changes in deferred tax assets or l
- Page 27 and 28: ) Compensation for dismissal In acc
- Page 29 and 30: 4. Business Combinations and Goodwi
- Page 31 and 32: The Group carries out tests on impa
- Page 33 and 34: For the cash-generating unit “Tel
- Page 35 and 36: Accumulated amortisation Balance at
- Page 37 and 38: Group companies consolidated under
- Page 39 and 40: 10. Trade and other receivables The
- Page 41 and 42: This reserve will only be used unde
- Page 43 and 44: The amount of variation in scope of
- Page 45 and 46: The breakdown of bank financing at
- Page 47 and 48: At 31 December 2011, Group companie
- Page 49 and 50: Provincial Appeal Court also ordere
- Page 51 and 52: 17. Business and geographical segme
- Page 53 and 54: (Thousands of Euros) YEAR 2011 Defe
- Page 55 and 56: Inter-segment sales are made at pre
- Page 57 and 58: The methodology used to establish t
- Page 59: 19. Tax affaires Most of the compan
- Page 63 and 64: At 31 December 2011 and 2010, the G
- Page 65 and 66: Remuneration to members of the Boar
- Page 67 and 68: 26. Other contingencies The Amper G
- Page 69 and 70: 27. Subsidiaries Below we present d
- Page 71 and 72: Bluesky Samoa Limited (Samoa) Samoa
- Page 73 and 74: AMPER, S.A. and Subsidiary Corporat
- Page 75 and 76: Defence Communications and Security
- Page 77 and 78: Outlook Despite the outlook of unce
- Page 79 and 80: for an amount of 92 Million Euros,
- Page 81 and 82: Spain The table reflects the data f
- Page 83 and 84: In Brazil, Amper was awarded the su
- Page 85 and 86: Strategic cooperation agreements In
- Page 87 and 88: RESEARCH AND DEVELOPMENT Amper, in
- Page 89 and 90: • The last listed price was 1.66
- Page 91 and 92: Board of Directors (i) On 23 March
- Page 93 and 94: ANNUAL CORPORATE GOVERNANCE REPORT
- Page 95 and 96: Specify the most significant change
- Page 97 and 98: NO Specify whether the Company is a
- Page 99 and 100: address a public bid under 6/2007 A
- Page 101 and 102: EXTERNAL NOMINEE DIRECTORS Name or
- Page 103 and 104: Specify why they cannot be consider
- Page 105 and 106: B.1.10 With regard to the recommend
- Page 107 and 108: Type of Directors By company By gro
- Page 109 and 110: Process whereby the compensation of
Company 31.12.09 Additions<br />
Scope<br />
variation<br />
Disposals 31.12.10<br />
Amper S.A. 23,070 --- --- (6,175) 16,640<br />
Hemisferio Norte, S.A. 298 --- --- ---- 298<br />
Medidata In<strong>for</strong>mática 4,730 2,498 --- ---- 7,228<br />
Amper do Brasil 435 53 --- --- 488<br />
Amper Soluciones, S.A. 1,147 --- --- (208) 939<br />
Amper Programas S.A. 2,670 742 --- --- 3,412<br />
Safitel, S.A. 5 --- --- --- 5<br />
Amper Sistemas, S.A. 1,290 --- --- (439) 851<br />
Epicom, S.A. 219 --- --- (149) 70<br />
Amper Medidata, S.A.U. 2,430 --- --- (1,315) 1,115<br />
Total Deferred Tax Assets 36,294 3,293 --- (8,286) 31,301<br />
The increases in deferred tax on assets that have occurred in each of the companies in the Group are<br />
due to the recording of separate temporary differences.<br />
The Group has estimated the recoverability of the deferred tax assets based on the projections of the<br />
taxable income generated by each company, or the tax Group. The projections used <strong>for</strong> the<br />
recoverability of the deferred tax assets use the same budgets as those used <strong>for</strong> the impairment test of<br />
the Communication <strong>and</strong> Security Spain Cash Generating Unit. In accordance with these estimates, the<br />
deferred tax assets will be recovered within a reasonable period not exceeding 10 years.<br />
The negative tax incomes (BIN) of previous years pending compensation be<strong>for</strong>e settlement<br />
corresponding to 2011 are as follows (in thous<strong>and</strong>s of euros):<br />
Year<br />
Prescription<br />
Total Deductions Total BIN<br />
2012 1,798 ---<br />
2013 1,401 ---<br />
2014 1,932 ---<br />
2015 1,268 ---<br />
2016 1,312 ---<br />
2017 2,502 11,794<br />
2018 1,098 10,066<br />
2019 2,389 ---<br />
2020 8 26,206<br />
2021 --- 14,007<br />
2022 --- 10,667<br />
2027 --- 10,719<br />
2028 --- 15,637<br />
Total 13,708 99,096<br />
According to the provisions set out in Article 9 of Royal Decree Act 9/2011 of 19 August, regarding<br />
measures to improve the quality <strong>and</strong> cohesion of the national health system, the contribution to the<br />
fiscal consolidation <strong>and</strong> raising the maximum amount of State guarantees <strong>for</strong> 2011 effective <strong>for</strong> periods<br />
beginning in the years 2011, 2012 <strong>and</strong> 2013 <strong>and</strong> compensation <strong>for</strong> loss carry<strong>for</strong>wards of the companies<br />
of the Group in Spain are limited to 50% of the tax base prior to such compensation. In addition, the<br />
period of compensation <strong>for</strong> loss carry<strong>for</strong>wards pending compensation by 31 December 2011 shall be<br />
extended to three years until the total period of 18 years.<br />
60
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