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FINANCIAL STATEMENTS
6
CONSOLIDATED FINANCIAL STATEMENTS
Deferred taxes are recognised using the liability method for temporary differences between the tax bases of assets and liabilities and
their carrying amounts in the consolidated financial statements.
Deferred tax liabilities are recognised for all taxable temporary differences, apart from in the exceptional cases referred to in IAS 12.
Deferred tax assets are recognised for the carryforward of unused tax losses and unused tax credits and deductible temporary differences
only to the extent that it is probable that the Group will have sufficient future taxable profit against which the unused tax losses, tax
credits or temporary differences can be utilised.
The following elements are taken into account when estimating whether the Group will have sufficient future taxable profit to recover
deferred tax assets:
●
forecasts of future taxable profits;
●
non-recurring expenses included in past losses and which will not be incurred again in the future;
●
past history of taxable profit for prior years.
A deferred tax liability is recognised for taxable temporary differences relating to equity-accounted investees even if it is probable that
there will be undistributed profits (as the Group does not control the investee and therefore cannot determine its profit distribution policy),
unless there is an agreement requiring that the profits of the equity-accounted investee will not be distributed in the foreseeable future.
When a deferred tax asset or liability relates to an item that is recognised directly in equity, then the related deferred tax is also
recognised directly in equity.
Deferred tax assets and liabilities are offset only when the Group has a legally enforceable right to set off current tax assets against
current tax liabilities and the deferred tax assets and liabilities relate to income taxes levied by the same taxation authority. Deferred
tax assets and liabilities are not discounted.
Deferred taxes presented in the statement of financial position are grouped by tax units. However, the table below uses the presentation
by type of deferred tax.
NET DEFERRED TAXES PRESENTED IN THE STATEMENT OF FINANCIAL POSITION
In millions of euros
2016
2015
Deferred tax assets
Recoverable within 1 year
4.7
4.9
Recoverable beyond 1 year
13.7
7.4
18.4
12.3
Deferred tax liabilities
Due within 1 year
0.6
0.7
Due beyond 1 year
0.8
1.1
1.4
1.8
Net deferred tax assets
17.0
10.5
of which recoverable within one year
4.1
4.2
of which recoverable beyond one year
12.9
6.3
12.3 Deferred taxes
ASSYSTEM
REGISTRATION DOCUMENT
2016
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