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Annual Statements

Home Annual Statements Financial Statements 2013 Notes to the consolidated financial statements Notes to the consolidated balance sheet Income tax

35. Income tax

The income tax liability is calculated on the profit for reporting purposes, allowing for permanent differences between the profit as calculated for reporting purposes and for tax purposes. The income tax liability on fair value gains and losses which are not processed immediately in the income tax return is recognised in deferred tax assets and liabilities. The income tax receivable of 11.2 million euros recognised in the balance sheet at 31 December 2013 concerns the income tax receivable in respect of the years 2010 to 2013 net of provisional assessments already paid for those years for the amount of 2.7 milion euros. An amount of 8.5 miljoen euros refers to a one-off tax gain, which covers several years and is explained in section 11.

The provisional 2011 income tax return for the N.V. Luchthaven Schiphol fiscal unity has been discussed with the tax inspector and recognised accordingly in these financial statements. The final income tax returns for 2010 and 2011 have been determined and recognised in these financial statements. The income tax returns for 2012 and 2013 have not yet been filed and may potentially result in reclassification of existing short-term income tax liabilities to deferred tax liabilities.

Differences between the income tax paid according to the cash flow statement and the income tax recognised in the income statement concern additions to and withdrawals from deferred tax assets and liabilities, estimation differences between taxable amounts in provisional and final tax assessments and settlements in respect of previous years.