2003
Notes to the Consolidated Profit and Loss Account
Tax losses
As at 31 December 2003, the group
had tax losses totalling €108 million,
expiring as follows:
2004
2005
2006
2007
2008
Later than 2008 but not indefinite
12
7
10
10
20
49
Total
108
An amount of €18 million relating to these tax losses has
been recognised as a deferred tax asset and included in
financial fixed assets. Due to the uncertainty regarding
the ability to realise the remaining tax losses, they have
not been recognised.
INANCIAL STATEMENTS 2003
71
