Income taxes on an IFRS basis represented a gain of € 56 m versus a cost of € (291) m on an underlying basis. The € (347) m adjustment consists of:

  • € (145) m for the tax impacts of the adjustments made to the underlying result before taxes (as described above);
  • € (202) m for tax elements related to prior years, mainly from recognition of deferred tax assets in Belgium and the UK.