DERICHEBOURG - Universal registration document 2018-2019

4

Financial statements Consolidated financial statements for the year ended September 30, 2019, in compliance with IFRS Notes

Gain/loss on disposal of consolidated companies 4.21

2019

2018

Italy – impact of the sale of household waste collection and waste treatment businesses

France - Derichebourg Services & Ingénierie nucléaire (1)

(0.8) (0.7)

(7.0)

Belgium - liquidation of CPI & Bas Long Prés

0.5 France – disposal of Hydrovide

Morocco - disposal of household waste collection and waste treatment business (1) Italy – disposal of household waste collection and waste treatment businesses Gain/loss on disposal of consolidated companies

0.6

(1.7) France – disposal of investment in Plastic Recycling

0.1

(0.8)

(8.2)

See note 1.2 - Material events occurring over the fiscal year. (1)

Net financial expenses 4.22 To provide a better assessment of the debt service cost, net financial expenses have been calculated between financial expenses and financial income from investments made, and after taking into account the effect of interest-rate hedges. Any amounts not falling within the above definition are, where applicable, shown on a separate line.

2019

2018

In millions of euros

Interest on loans, bank overdrafts and factoring

(7.9)

(9.1)

Interest on current accounts

0.0

Leasing interests

(1.4)

(1.8)

Dividends

0.0 0.0

Income from investment securities and cash equivalents

Interest-rate hedges and other financial income and expenses

(0.5) (9.7)

(0.9)

Net financial expenses

(11.7)

Foreign exchange gains and losses

0.3

0.3

Interest expense on retirement and pension plans

(0.7) (0.4) (0.8)

(0.7) (0.8) (1.2)

Other

Foreign exchange and other gains and losses

Income tax 4.23 By type 4.23.1

2019

2018

In millions of euros

Income before tax from consolidated companies

87.0

83.4

Current income tax

(34.6)

(11.3)

Deferred tax

4.1

(5.0)

Total income tax expense

(30.5)

(16.3)

Effective tax rate

(35.1%)

(19.6%)

The French Finance Law for 2019 maintained the standard corporate tax rate of 34.43% for fiscal years beginning in 2019, without changing the rates for the following fiscal years.

The Group’s net income tax expense takes into account the progressive income tax rate reduction through the application of the rate in force at the time of the reversal of the temporary differences.

DERICHEBOURG p 2018/2019 Universal Registration Document 160