19. Deferred tax assets - 358,160 thousand euros

These amounted to 358,160 thousand euros at 31 December 2012 (353,648 thousand euros at 31 December 2011) and relate essentially to (i) the temporary differences between the carrying amounts accounted for in the financial statements of subsidiaries, following transfers of business units, and the corresponding amounts accounted for in the consolidated financial statements, amounting to 53,312 thousand euros (60,022 thousand euros at 31 December 2011), (ii) lower tax repayments of 146,980 thousand euros (130,118 thousand euros at 31 December 2011), (iii) provisions for tax liabilities of 46,933 thousand euros (46,854 thousand euros at 31 December 2011), (iv) provision for write-downs of receivables amounting to 52,031 thousand euros (56,713 thousand euros at 31 December 2011). These uses include rate adjustments (9,600 thousand euros) for group companies that do not fulfil requirements for the application of the IRES surcharge with the additional rate increase for 2013.

Movements in this item are as follows.

€ thousand 2011 Movements in 2012
  Balance Change in the basis of consolid ation Adjustments/ Reclassifications Move ments in shareholders’ equity Uses Provi sions for IRES/IRAP Balance
Prepaid taxes              
Tax losses 3,296 0 233 0 (2,072) (842) 614
Fees to members of the Board of Directors 1,066 0 13 0 (124) 106 1,061
Provisions for liabilities and charges 46,854 0 (1,868) 0 (6,534) 8,481 46,933
Impairments of receivables and investments 56,713 0 2,590 0 (22,323) 15,050 52,031
Amortisation/depreciation 130,118 (24) (730) 0 (3,509) 21,126 146,980
Defined benefit and defined contribution plans 12,572 0 (26) 0 (730) 373 12,189
Tax assets on consolidation adjustments 60,022 0 0 0 (6,710) 0 53,312
Fair value of commodities and other financial instruments 15,316 0 2,505 (3,016) (137) 6 14,674
Other 27,691 0 1,795 (0) (1,868) 2,746 30,364
Total 353,648 (24) 4,512 (3,016) (44,006) 47,046 358,160
               
Deferred taxes              
Amortisation/depreciation 78,954 0 (85) 0 (2,753) 6,651 82,767
Defined benefit and defined contribution plans 4,844 0 (5) 0 (106) (252) 4,482
Fair value of commodities and other financial instruments 8,814 0 2,724 (9,539) (810) 8 1,197
Other 6,214 0 2,853 (8) (279) (8) 8,772
Total 98,826 0 5,487 (9,547) (3,948) 6,399 97,217
               
Net total 254,823 (24) (975) 6,531 (40,058) 40,647 260,943

The item “Other” includes deferred taxation concerning connection fees.

The Group recognises deferred tax assets based on earnings forecasts in the Group’s business plans, which confirm the probability that sufficient future taxable profit will be available against which all of the assets can be recovered.