Supercuts 2010 Annual Report Download - page 194

PROVALLIANCE SAS
CONSOLIDATED FINANCIAL STATEMETS
DECEMBER 31, 2009 AND 2008
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(INFORMATION AS OF DECEMBER 31, 2009 AND FOR THE YEAR THEN ENDED NOT
COVERED BY AUDITORS' REPORT INCLUDED HEREIN)
7. CURRENT AND DEFERRED INCOME TAXES (Continued)
7.3. Deferred tax assets
7.4. Deferred tax liabilities
184
Dec. 31, 2009 Dec. 31, 2008
Elimination of internal margin on non
-
current assets
191,134
165,608
Elimination of internal gains on inventories
44,325
37,596
Provisions for pension and other post
-
employment benefit obligations
536,820
463,538
Fair value adjustments to lease premiums, trademarks and networks
1,644,341
2,787,280
Fair value adjustments to financial instruments
118,081
Temporary differences
6,762,376
5,024,366
Other
235,120
35,893
Offsetting of deferred tax assets and liabilities(1)
(7,023,229
)
(2,084,973
)
TOTAL
2,508,968
6,429,308
Dec. 31, 2009 Dec. 31, 2008
Elimination of impairment of securities and receivables
(1,439,086
)
(944,544
)
Elimination of provisions for net negative equity risk of subsidiaries
(649,924
)
(112,834
)
Elimination of untaxed provisions
(91,648
)
(49,996
)
Fair value adjustments to lease premiums, trademarks and networks
(8,740,196
)
(8,555,207
)
Temporary differences
(176,200
)
(38,205
)
Share acquisition costs
(193,340
)
(193,340
)
Offsetting of deferred tax assets and liabilities(1)
7,023,229
2,084,973
TOTAL
(4,267,165
)
(7,809,153
)
(1)
Deferred tax assets and liabilities are offset when they concern income tax levied by the same tax authorities.