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FINANCIAL STATEMENTS
6
PARENT COMPANY FINANCIAL STATEMENTS
NOTE 20
INCOME TAX
In thousands of euros
Before tax
Tax
After tax
Profit from recurring operations
93,864
13,540
80,324
Net non-recurring expense
(5,966)
(18,855)
12,889
Profit for the period
87,898
(5,315)
93,213
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 38% to profit
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, Extra Capital, Holistia, 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.
In 2015 Assystem SA recognised a 10.70% exceptional tax contribution
which is determined based on the amount of income tax due by the tax
group as the tax group’s revenue exceeded €250 million.
Deferred taxes
Deferred tax liabilities (calculated at a rate of 38%)
(in thousands of euros)
2015 tax base
Amount of tax
Deferred charges
–
–
TOTAL DEFERRED TAX LIABILITIES
–
–
Deferred tax assets (calculated at a rate of 38%)
2015 tax base
Amount of tax
C3S corporate social solidarity contribution payable
1
–
Unrealised foreign exchange gains
672
255
Provisions for impairment in value
189
72
Acquisition-related expenses
86
33
Other expenses
230
87
TOTAL DEFERRED TAX ASSETS
1,178
448
ASSYSTEM
FINANCIAL REPORT
2015
147