Atos - Registration Document 2016
E Financial E.5
Parent company summary financial statements
Tax
Note 16
The main features of the agreement are: the result of the consolidated companies is determined as if • they had been taxed individually; Atos SE is the only company liable for any additional tax to be • paid in the event of an exit by a subsidiary from the Group. In the event of tax audit, the subsidiary which exited from the Group remains liable toward Atos SE of any additional income tax related to the time it was part of the tax consolidation.
Tax consolidation agreement
Group tax consolidation agreement with a certain number of its French subsidiaries with effect as of January 1, 2001. As per article 223-A of the French Fiscal Code, Atos SE signed a consolidation: Atos SE as parent company of the Group is designated as the only entity liable for the corporate tax of the Group tax
Decrease and increase of the future tax charge of Atos SE taxed separately At year end, decreases and increases of the future tax charge were broken down as follows:
Basis Decrease
Basis Increase
(in € thousand)
Non-deductible provisions for timing differences
778
262
TOTAL
778
262
No deferred tax assets or liabilities had been recognized.
Breakdown between net income on ordinary activities and non-recurring items
Before tax Computed tax
Net amount
(in € thousand)
Net income on ordinary activities
-6,554 29,793
- -
-6,554 29,793
Non-recurring items and employee participation
Tax Charge
-
6,223
6,223
TOTAL
23,239
6,223
29,462
The result of the fiscal consolidation is a profit of € 41.2 million before use of losses carried forward. After use of the losses carried forward the taxable profit 2016 was an amount of € 8.9 million with a tax charge of € 3 million. The tax that would
an expense of € 17.8 million. The total amount of the losses carried forward was € 262.4 million as of December 31, 2016. have been paid in the absence of French tax consolidation was
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