SOMFY - Annual financial report 2018

08 PARENT COMPANY FINANCIAL STATEMENTS

INCOME TAX NOTE 4 — An income tax gain of €4.5 million was recognised, including a €5.9 million tax consolidation profit as well as €1.3 million charge which corresponds to the cancellation of deferred income recorded in 2017 in respect of a tax claim.

BREAKDOWN OF INCOME TAX AT 31 DECEMBER 2018 NOTE 4.1

Tax

€ thousands

Base

Rate

Amount

1. Current result Net profit for the year

93,784

34.43%

-32,290

Tax adjustments: long-term capital gains and losses – income from equity investments –

–

–

–

-104,278

34.43% 34.43% 34.43%

35,903

Other –

2,346 -8,148

-808

Subtotal Current Result 2.Extraordinary result Net profit for the year

2,805

–

–

–

Tax adjustments: long-term capital gains and losses –

– – – –

– – – –

– – – –

deductions –

reinstatements –

Subtotal Extraordinary Result Subtotal Total theoretical tax

-8,148

34.43%

2,805

3. Other tax items Tax paid by group tax consolidation companies

–

–

7,859

Tax charge/income for the tax consolidation group (excluding total theoretical tax)

–

–

-4,764

Contribution on distributed earnings Tax charge/relief from previous periods

– – – –

– – – –

-255

-1,188 1,652 4,457

Subtotal Other tax items

TOTAL INCOME TAX

€ thousands

Before tax

Tax

After tax

Current result

93,784

2,805

96,589

Extraordinary result

– –

–

–

Other tax items

1,652 4,457

1,652

ACCOUNTING RESULT

93,784

98,241

131

SOMFY – ANNUAL FINANCIAL REPORT 2018