17. TAX RECEIVABLES

Tax receivables refer to income taxes and amount to euro 39,640 thousand (including euro 10,156 thousand in non-current assets), compared with euro 35,990 thousand at December 31, 2010 (including 10,755 thousand in non-current assets). They mainly refer to receivables for income taxes of the various subsidiaries (mainly referable to tax prepayments for the year), corporate income tax (IRPEG) for previous years paid by Pirelli & C. S.p.A, and receivables for taxes paid in previous years by the Brazilian and German units.