The components of deferred tax assets and liabilities are as follows:
12.31.2017 | 12.31.2016 | 12.31.2015 | ||||||||||
Temporarily non-deductible provisions |
(76.1 | ) | (102.7 | ) | (2.8 | ) | ||||||
Tax loss carryforwards |
4.5 | 28.3 | 20.5 | |||||||||
Functional currency effect of the non monetary assets (i) |
(206.0 | ) | (201.0 | ) | (407.1 | ) | ||||||
Gains not realized from sales of Parent Company to subsidiairies |
15.4 | 16.4 | 19.9 | |||||||||
Effect of differences by fixed asset |
(8.1 | ) | (31.1 | ) | (36.1 | ) | ||||||
Differences between basis: account x tax (ii) |
21.8 | 30.2 | (7.2 | ) | ||||||||
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Deferred tax assets (liabilities), net |
(248.5 | ) | (259.9 | ) | (412.8 | ) | ||||||
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Total deferred tax asset |
2.8 | 3.4 | 4.5 | |||||||||
Total deferred tax liability |
(251.3 | ) | (263.3 | ) | (417.3 | ) |
i) | Refers to deferred income tax calculated on differences related to non-monetary assets remeasured from the local currency into the functional currency using historical exchange rates, and resulting from changes in exchange rates. |
ii) | Refers to miscellaneous temporary differences (e.g. non-deductible expenses). |