Item “Income tax payables” is broken down as follows:
| Income tax payables |
|
|
|---|---|---|
| (€ 000) | 31/12/2010 | 31/12/2009 |
|
|
|
|
| Payables due to tax authorities for IRAP | 3,958 | 315 |
| Payables due to tax authorities for IRES | 174 | 185 |
| Tax payables due to Fininvest for IRES | 18,487 | 19,880 |
| Total income tax payables | 22,619 | 20,380 |
Item “Tax payables due to Fininvest for IRES” refers to tax payables due to Fininvest SpA, the consolidating entity, by the companies adhering to the tax consolidation regime.
The decrease in this item is attributable to reduced taxable income.