Atari 2009 Annual Report Download - page 105

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ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
105
21.2. DEFERRED TAXES
Deferred tax assets and liabilities are netted in the balance sheet in accordance with the principles described in
Note 2.28.
The table below shows changes in net deferred tax assets for the two periods under review:
The table below shows changes in deferred tax liabilities for the two periods under review:
The sources of deferred tax assets and liabilities were as follows at March 31, 2009 and 2008:
Unrecognized deferred tax assets resulting from tax loss carryforwards amounted to €387.1 million at March 31, 2009
and €356.1 million at March 31, 2008.
Unrecognized deferred tax assets resulting from other temporary differences amounted to €64.5 million at
March 31, 2009 and €22.1 million at March 31, 2008.
At March 31, 2009 and 2008, the recognized provision for impairment primarily concerned tax loss carryforwards arising
in the United States (Atari Inc.) and in France.
Atari SA and its French subsidiaries set up a consolidated tax group on July 1, 1995. The five-year option for tax
consolidation was extended on March 31, 2005. For the years ended March 31, 2009 and 2008 group tax relief
amounted to €0.8 million and €2.0 million respectively.
At March 31, 2009 the Group had tax loss carryforwards amounting to €1,133.3 million, compared with €1,077.4 million
one year earlier. These losses cannot be used to offset taxable income in countries other than those in which the losses
arose.