Notes to the Parent Company's Financial Statement

 

7. Income taxes

€ 000

2011

2010
Income taxes on operations - -280
Income taxes on extraordinary operations - 1,430
Total 0 1,150

Deferred tax assets arising from accrual differences and from temporary differences between book values and taxation values are unrecorded in the Statement of Financial Position, in accordance with the principle of materiality. Deferred tax assets totalled EUR 436,188.64 at the end of the fiscal year.