ASSYSTEM_Registration_Document_2017
FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS
INCOME TAX
NOTE 12
12.1 Income tax recognised during the year
2017 (4.3) (0.5) (4.8)
2016 (1.0) (3.5) (4.5) (0.2) 10.0
In millions of euros
Current tax
Deferred taxes
Total recognised in the income statement
Tax payable on treasury shares Tax payable on Odirnane buybacks
0.3
-
Tax recognised in other comprehensive income* Total recognised directly in equity
0.1 0.4 (4.3) (0.1) (4.4)
0.5
10.3
Current tax
8.8
Deferred taxes
(3.0) 5.8
Total for the year
* Related to continuing operations
12.2 Tax proof The table below reconciles the Group’s actual income tax expense to the theoretical income tax expense based on the tax rate applicable to the profit of consolidated companies:
2017
2016
In millions of euros
Profit before tax from continuing operations (excluding share of profit of equity-accounted investees)
14.9
7.5
Theoretical income tax rate
34.43%
34.43%
Theoretical income tax expense
(5.1)
(2.6)
Permanent differences
3.4
1.7 0.7
Differences arising from applying different taxation rates
(0.1) (2.1)
Other taxes
(3.1) (0.6) (0.5) (0.1) (1.9) (4.5) -
Income or expense relating to changes in tax rates or the imposition of new taxes
0.1
6
Adjustments recognised during the year for prior years
(1.0)
Benefits arising from tax losses and temporary differences not recognised in prior years
0.2
Impact of tax losses and temporary differences not used during the year
(0.2) 0.3 (4.8)
Total adjustments
Actual income tax expense
Profit before tax from continuing operations (excluding share of profit of equity-accounted investees)
14.9
7.5 7.0
Goodwill impairment
-
Profit before tax from continuing operations (excluding share of profit of equity-accounted investees and goodwill impairment) Effective tax rate excluding impact of goodwill impairment
14.9
14.5
32.21%
31.03%
The amount shown under “Other taxes” mainly comprises (i) the Corporate Value-Added Contribution (CVAE) for French subsidiaries and (ii) €1.3 million in a dividend tax refund for the years 2014 to 2016.
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ASSYSTEM
REGISTRATION DOCUMENT 2017
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