Financial Information - Uralita

ANNUAL REPORT 2006
FINANCIAL INFORMATION
Information by geographical segments
The following table provides the detail of certain
Group balances in accordance with the
geographical distribution of the companies that
produce them:
THOUSANDS OF EUROS
Spain
Rest of EU
RoW
PROFIT (LOSS)
REVENUE BEFORE TAXES TOTAL ASSETS
2006 2005 2006 2005 2006 2005
482,236 563,055 81,991 101,464 573,997 587,897
392,603 406,689 16,220 (36,554) 303,552 345,738
130,364 134,866 23,472 10,973 96,805 91,693
TOTAL
1,005,203 1,104,610 121,683 75,883 974,354 1,025,328
19.TAX MATTERS
19.1. Consolidated tax group
and 2006. In general, consolidated companies
are open to inspection for the main taxes
applicable for the last four years.
In accordance with prevailing legislation, the
consolidated tax group includes Uralita, S.A., as
parent company, and Spanish companies that
comply with legislation governing taxation on the
consolidated profit of Group companies as
subsidiaries.
The remaining subsidiaries file individual taxes in
accordance with the tax regulations prevailing in
each country.
19.2. Years open to inspection
At 31 December 2006, the consolidated tax
group was open to inspection for all the main
taxes applicable for 2002, 2003, 2004, 2005
At 31 December 2006, the consolidated tax
group had tax assessments signed in
disagreement, for which it has filed the
associated appeals. Considering the related
provisions recorded by the Group, the directors
estimate that any potential liabilities arising as a
result of the tax assessments will not have a
material impact on the consolidated annual
accounts for 2006.
Because of the possible different interpretations
of tax regulations, any tax audits that the
authorities may carry out in future in respect of
the years currently open for inspection could
give rise to tax liabilities that cannot be
quantified objectively. However, the Group’s tax
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