XML 128 R30.htm IDEA: XBRL DOCUMENT
v3.23.1

Deferred tax assets and liabilities | 12 Months Ended
--- | ---
Dec. 31, 2022
Deferred tax assets and liabilities |
Deferred tax assets and liabilities | 23 Deferred tax assets and liabilities
(€ million) |  | December 31, 2022 |  |  | December 31, 2021 |
Deferred tax liabilities before offsetting |  | 9,315 |  |  | 10,668 |
Deferred tax assets available for offset |  | (4,221 | ) |  | (5,833 | )
Deferred tax liabilities |  | 5,094 |  |  | 4,835 |
Deferred tax assets before offsetting (net of accumulated write-down provisions) |  | 8,790 |  |  | 8,546 |
Deferred tax liabilities available for offset |  | (4,221 | ) |  | (5,833 | )
Deferred tax assets |  | 4,569 |  |  | 2,713 |
The most significant temporary differences giving rise to net deferred tax assets and liabilities are disclosed below:
(€ million) |  | Carrying amount at December 31, 2022 |  |  | Carrying amount at December 31, 2021 |
Deferred tax liabilities |  |  |  |  |  |
Accelerated tax depreciation |  | 6,707 |  |  | 7,346 |
Derivative financial instruments |  | 788 |  |  | 916 |
Difference between the fair value and the carrying amount of assets acquired |  | 288 |  |  | 408 |
Site restoration and abandonment (tangible assets) |  | 276 |  |  | 166 |
Leasing |  | 162 |  |  | 1,076 |
Application of the weighted average cost method in evaluation of inventories |  | 52 |  |  | 87 |
Other |  | 1,042 |  |  | 669 |
|  | 9,315 |  |  | 10,668 |
Deferred tax assets, gross |  |  |  |  |  |
Carry-forward tax losses |  | (6,752 | ) |  | (7,374 | )
Site restoration and abandonment (provisions for contingencies) |  | (1,986 | ) |  | (2,400 | )
Timing differences on depreciation and amortization |  | (1,710 | ) |  | (2,354 | )
Impairment losses |  | (1,490 | ) |  | (1,095 | )
Accruals for impairment losses and provisions for contingencies |  | (1,246 | ) |  | (1,417 | )
Leasing |  | (182 | ) |  | (1,091 | )
Employee benefits |  | (161 | ) |  | (155 | )
Unrealized intercompany profits |  | (68 | ) |  | (71 | )
Derivative financial instruments |  | (60 | ) |  | (343 | )
Over/Under lifting |  | (59 | ) |  | (219 | )
Other |  | (1,246 | ) |  | (631 | )
|  | (14,960 | ) |  | (17,150 | )
Accumulated write-downs of deferred tax assets |  | 6,170 |  |  | 8,604 |
Deferred tax assets, net |  | (8,790 | ) |  | (8,546 | )
The following table summarizes the changes in deferred tax liabilities and assets:
(€ million) |  | Deferred tax liabilities before offsetting |  |  | Deferred tax assets before offsetting, gross |  |  | Accumulated write-downs of deferred tax assets |  |  | Deferred tax assets before offsetting net of accumulated write-down provisions |
Carrying amount at December 31, 2021 |  | 10,668 |  |  | (17,150 | ) |  | 8,604 |  |  | (8,546 | )
Additions |  | 1,176 |  |  | (2,215 | ) |  | 464 |  |  | (1,751 | )
Deductions |  | (1,351 | ) |  | 2,532 |  |  | (2,409 | ) |  | 123 |
Changes with effect to OCI |  | 382 |  |  | (147 | ) |  |  |  |  | (147 | )
Currency translation differences |  | 611 |  |  | (610 | ) |  | 165 |  |  | (445 | )
Changes in the scope of consolidation |  | (1,951 | ) |  | 2,279 |  |  | (549 | ) |  | 1,730 |
Other changes |  | (220 | ) |  | 351 |  |  | (105 | ) |  | 246 |
Carrying amount at December 31, 2022 |  | 9,315 |  |  | (14,960 | ) |  | 6,170 |  |  | (8,790 | )
Carrying amount at December 31, 2020 |  | 8,581 |  |  | (16,231 | ) |  | 9,065 |  |  | (7,166 | )
Additions |  | 1,977 |  |  | (1,783 | ) |  | 270 |  |  | (1,513 | )
Deductions |  | (765 | ) |  | 1,804 |  |  | (863 | ) |  | 941 |
Currency translation differences |  | 683 |  |  | (682 | ) |  | 186 |  |  | (496 | )
Other changes |  | 192 |  |  | (258 | ) |  | (54 | ) |  | (312 | )
Carrying amount at December 31, 2021 |  | 10,668 |  |  | (17,150 | ) |  | 8,604 |  |  | (8,546 | )
Carry-f orward tax losses amounted to €25,932 million, of which €19,656 million can be carried forward indefinitely. Carry-forward tax losses were €14,000 mill ion and €11,932 million at Italian subsidiaries and foreign subsidiaries, respectively. Deferred tax assets gross of accumulated write-downs recognized on these los ses amounted to €3,360 million and €3,392 million, respectively. Italian taxation law allows the carry-forward of tax losses indefinitely. Foreign taxation laws generally allow the carry-forward of tax losses over a period longer than five years, and in many cases, indefinitely. A tax rate of 24% was applied to tax losses of Italian subsidiaries to determine the portion of the carry-forwards tax losses. The corresponding average rate for foreign subsidiaries was 28.4%. Accumulated write-downs of deferred tax assets related to Italian companies for €3,951 million and non-Italian companies for €2,219 million. The reduction of accumulated write-downs of €2,434 million was primarily driven by an improved profitability outlook at Italian subsidiaries leading to the recognition of higher deferred tax assets in connection with expected higher taxable earnings. Taxes are also described in note 3 3 – Income taxes.

X
- References No definition available. + Details
Name: | ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of deferred taxes. [Refer: Deferred tax liabilities; Deferred tax assets] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_10_e&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfDeferredTaxesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration