Annual Report 2011 - Analist.be

In EUR millionLand andbuildingsMineralreservesPlant,machinery,equipment androlling stockAssetsunderconstructionOthertangibleassetsGross carrying amountAt 31 December 2009 0.2 - 0.8 - 17.0 18.0At 31 December 2010 0.8 - 3.5 - 19.6 23.9At 31 December 2011 304.1 502.9 968.0 125.6 19.3 1,919.9Of which: Holding - - 0.8 - 16.8 17.6Imerys 295.9 502.9 961.5 125.6 1.1 1,887.0Private equity 8.2 - 5.7 - 1.4 15.3Imerys recognised impairments in the amount of EUR 19 million on its tangible assets. These concern “Pigments for Paper &Packaging”, “Materials & Monolithics” and “Minerals for Ceramics, Refractories, Abrasives & Foundry” in the amountsof EUR 11 million, EUR 2 million and EUR 6 million respectively.Depreciations for the different periods are shown under “Other operating income and expenses relating to investing activities”and “Depreciation on tangible and intangible assets – consolidated operating activities” in the consolidated statementof comprehensive income.TotalThe tangible assets held pursuant to a finance lease amounts in the balance sheet for a total of EUR 4 million (EUR 1 millionand EUR 0 million respectively on 31 December 2010 and 2009). These consist mainly of transport material held by Imerys.Commitments for future lease payments amount to EUR 1 million in present value for 2012, EUR 2 million for the period 2013to 2016 and EUR 1 million beyond.10. Income taxes10.1. Breakdown of the “Income taxes” headingIn EUR million 2011 2010 2009Current taxesFor the year in progress (75.9) - -For previous years (3.5) - -Deferred taxes (10.2) 0.9 1.1Total (89.6) 0.9 1.1Accounts at 31 December 201110.2. Reconciliation of the income tax charge for the yearIn EUR million 2011 2010 2009Pre-tax result 256.9 637.5 1,056.6Result of equity affiliates (144.2) (262.2) (161.1)Results before taxes and before results of equity affiliates 112.7 375.3 895.5Taxes at Belgian rate (33.99%) (38.3) (127.6) (304.4)Impact of different taxation rates in foreign countries (7.2) - -Tax impact of non-taxable income 198.1 146.3 310.4Tax impact of non-deductible charges (231.8) (17.8) (4.9)Tax impact of changes in taxation rates for subsidiaries (0.2) - -Other (10.2) - -Tax (charge)/income for the period (89.6) 0.9 1.1Annual Report 2011 97