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ÉTATS FINANCIERS
6
PARENT COMPANY FINANCIAL STATEMENTS
NOTE 20
INCOME TAX
In thousands of euros
Before tax
Tax
After tax
Profit from recurring operations
10,558
2,676
13,234
Net non-recurring expense
(34,052)
4,468
(29,584)
Profit (loss) for the period
(23,494)
7,144
(16,350)
Analysis of income tax
The breakdown of income tax between the portion related to profit from
recurring operations and the portion related to non-recurring items was
determined by applying a theoretical income tax rate of 34.43% to the
Company’s results for the period. The effect of tax consolidation has
been included in the portion related to non-recurring items.
Tax consolidation
Assystem is the head of a tax group that includes the following entities:
Assystem France, Assystem Engineering and Operation Services, SCI
Pont Noir, Assystem Régions, ASG, Athos Aéronautique, Assystem
International, Insiema, Assystem Expert, Assystem Avenir, Assystem
Investissements and Sud Aviation Services.
Under the tax consolidation agreement, the methods for calculating the
income tax due by each entity in the tax group are determined based
on the applicable tax rules in force at the reporting date and as if each
entity were taxed on a stand-alone basis.
Deferred taxes
Deferred tax liabilities (calculated at a rate of 34.43%)
(in thousands of euros)
2016 tax base
Amount of tax
Deferred charges
–
–
Total
–
–
Deferred tax assets (calculated at a rate of 34.43%)
2016 tax base
Amount of tax
Unrealised foreign exchange gains
552
(190)
Provisions for impairment in value
187
(64)
Acquisition-related expenses
616
(212)
Other expenses
21,599
(7,437)
Total
22,954
(7,903)
The Company’s tax loss amounted to €21,399 thousand in 2016 and was primarily due to the loss incurred on the buybacks of Ornane and
Odirnane bonds, recorded under non-recurring expenses on capital transactions.
ASSYSTEM
REGISTRATION DOCUMENT
2016
141