APC 2007 Annual Report Download - page 126
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12.3 - Deferred taxes by type
Deferred tax assets recorded in respect of tax loss carryforwards at December 31, 2007 essentially concern France (15
million) and other European countries where certain tax losses can be carried forward indefinitely.
Dec. 31, 2007 Dec. 31, 2006
Deferred tax assets
Tax credits and tax loss carryforwards 225.6 244.6
Provisions for pensions and other post-retirement benefit 302.8 361.9
Impairment of receivables and inventory 62.2 74.5
Non deductible provisions for contingencies and accruals 138.3 132.9
Other deferred tax assets 287.7 152.5
Deferred tax assets set off against deferred tax liabilities (328.9) (293.6)
Deferred tax assets 687.7 672.8
Deferred tax liabilities
Differences between tax and accounting depreciation (76.5) (52.1)
Trademarks and other intangible assets (843.5) (329.6)
Capitalized development costs (R&D) (27.6) (25.2)
Liabilities on fair value adjustments to
financial instruments and other items recognized in equity (27.1) (83.3)
Other deferred tax liabilities (263.9) (108.6)
Deferred tax assets set off against deferred tax liabilities 328.9 293.6
Total deferred tax liabilities (909.7) (305.3)
Note 13 - Cash and cash equivalents
12.4 - Income tax recognized directly in equity
Tax on items recognized directly in equity amounted to 18.3 million at December 31, 2007 versus 22.8 million the year
before.
Income tax recognized directly in equity primarily reflects the effect of tax increases or decreases for items initially rec-
ognized in equity (as part of the transition to IFRS) and the tax impact of increases or decreases in items recognized in
"Other reserves" (note 14.7).
Dec. 31, 2007 Dec. 31, 2006
Mutual funds and equivalent 501.1 1,718.0
Other 9.8 15.3
Short-term investments 510.9 1,733.3
Money market instruments and short-term deposits 72.2 76.3
Cash 685.8 734.5
Total cash and cash equivalents 1,268.9 2,544.1
Short-term bank loans and overdrafts (110.2) (116.1)
Other (0.4) (1.8)
Net cash and cash equivalents 1,158.3 2,426.2
Note 14 - Equity
14.1 - Capital
Share capital
The Company’s share capital at December 31, 2007 amounted to 1,962,394,928, represented by 245,299,366 shares
with a par value of 8 euros, all fully paid up.
At December 31, 2007, a total of 263,493,806 voting rights were attached to the 245,299,366 shares outstanding.
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