FINANCIAL REPORT 2014
2.6.9.2. Reconciliation of theoretical tax rate and effective tax rate
31.12.2014
(in thousands of euros)
Base
Tax rate
Tax
Income before tax, goodwill impairment, discontinued operations and share of profit in equity-accounted entities
150 888
38.00%
57 337
Impact of permanent differences
12 585
Impact of different tax rates on foreign subsidiaries
-8 458
Impact of losses of the year, utilisation of tax loss carryforwards and temporary differences
202
Impact of reduced tax rate
-24 588
Impact of other items
3 663
EFFECTIVE TAX RATE AND TAX EXPENSE
27.00%
40 741
31.12.2013
(in thousands of euros)
Base
Tax rate
Tax
Income before tax, goodwill impairment, discontinued operations and share of profit in equity-accounted entities
234 434
38.00%
89 085
Impact of permanent differences
4 990
Impact of different tax rates on foreign subsidiaries
-14 890
Impact of losses of the year, utilisation of tax loss carryforwards and temporary differences
697
Impact of reduced tax rate
-24 807
Impact of other items
-193
EFFECTIVE TAX RATE AND TAX EXPENSE
23.41%
54 882
2.7. NOTES TO THE BALANCE SHEET
2.7.1.
CASH DUE FROM CENTRAL BANKS
31.12.2014
31.12.2013t
(in thousands of euros)
Assets
Liabilities
Assets
Liabilities
Cash
5
5
Central Banks (1)
185 273
608 057
CARRYING AMOUNT
185 278
0
608 062
0
(1) Accrued interest included
2.7.2. FINANCIAL ASSETS AND LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS Financial assets at fair value through profit or loss
(in thousands of euros)
31.12.2014
31.12.2013
Financial assets held for trading
504 884
240 362
CARRYING AMOUNT
504 884
240 362
26
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