122 / 198
FINANCIAL STATEMENTS
6
CONSOLIDATED FINANCIAL STATEMENTS
Income tax recognised in the income statement during the year
In millions of euros
2015
2014
Current tax
(12.3)
(11.7)
Related to the year
(12.7)
(11.6)
Related to prior years
0.4
(0.1)
Deferred taxes
(0.8)
3.1
Related to the year
(0.8)
3.1
Related to prior years
–
–
TOTAL RECOGNISED IN THE INCOME STATEMENT
(13.1)
(8.6)
Nature of deferred taxes recognised in the income statement during the year
In millions of euros
2015
2014
Related to temporary differences and other
(0.3)
2.6
Related to tax losses
(0.5)
0.5
TOTAL RECOGNISED IN THE INCOME STATEMENT
(0.8)
3.1
Tax proof
The table below reconciles the Group’s actual income tax expense to the theoretical income tax expense that would apply based on the tax rate
of the consolidated companies:
In millions of euros
2015
2014
Profit before tax from continuing operations (excluding share of profit of equity-accounted investees)
40.0
30.2
Theoretical income tax rate
38.00%
38.00%
Theoretical income tax expense
(15.2)
(11.5)
Permanent differences
6.4
10.0
Differences arising from applying different taxation rates
2.1
0.2
Other taxes
(6.0)
(7.0)
Income or expense relating to changes in tax rates or the imposition of new taxes
(0.9)
0.4
Adjustments recognised during the year for prior years
0.5
(0.1)
Benefits arising from tax losses and temporary differences not recognised in prior periods
0.5
0.9
Impact of tax losses and temporary differences not used during the year
(0.5)
(1.5)
Total adjustments
2.1
2.9
Actual income tax expense
(13.1)
(8.6)
EFFECTIVE INCOME TAX RATE
32.75%
28.48%
The amount shown under “Other taxes” mainly comprises the Corporate Value-Added Contribution (CVAE) for French subsidiaries.
ASSYSTEM
FINANCIAL REPORT
2015
122