Assystem - 2015 Registration Document

6

FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

Income tax recognised in the income statement during the year

2015

2014

In millions of euros

Current tax

(12.3) (12.7)

(11.7) (11.6)

Related to the year Related to prior years

0.4

(0.1)

Deferred taxes

(0.8) (0.8)

3.1 3.1

Related to the year Related to prior years

–

–

TOTAL RECOGNISED IN THE INCOME STATEMENT

(13.1)

(8.6)

Nature of deferred taxes recognised in the income statement during the year

2015

2014

In millions of euros

Related to temporary differences and other

(0.3) (0.5) (0.8)

2.6 0.5 3.1

Related to tax losses

TOTAL RECOGNISED IN THE INCOME STATEMENT

Tax proof The table below reconciles the Group’s actual income tax expense to the theoretical income tax expense that would apply based on the tax rate of the consolidated companies:

2015

2014

In millions of euros

Profit before tax from continuing operations (excluding share of profit of equity-accounted investees)

40.0

30.2

Theoretical income tax rate Theoretical income tax expense

38.00%

38.00%

(15.2)

(11.5)

Permanent differences

6.4 2.1

10.0

Differences arising from applying different taxation rates

0.2

Other taxes

(6.0) (0.9)

(7.0)

Income or expense relating to changes in tax rates or the imposition of new taxes

0.4

Adjustments recognised during the year for prior years

0.5 0.5

(0.1)

Benefits arising from tax losses and temporary differences not recognised in prior periods

0.9

Impact of tax losses and temporary differences not used during the year

(0.5)

(1.5)

Total adjustments

2.1

2.9

Actual income tax expense

(13.1)

(8.6)

EFFECTIVE INCOME TAX RATE

32.75%

28.48%

The amount shown under “Other taxes” mainly comprises the Corporate Value-Added Contribution (CVAE) for French subsidiaries.

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ASSYSTEM

FINANCIAL REPORT 2015