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E
Financial
E.5
Parent company summary financial statements
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222
Tax
Note
16
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
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
•
Group remains liable toward Atos SE of any additional income
tax related to the time it was part of the tax consolidation.
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
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:
(in € thousand)
Basis Decrease
Basis Increase
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
(in € thousand)
Before tax Computed tax
Net amount
Net income on ordinary activities
-6,554
-
-6,554
Non-recurring items and employee participation
29,793
-
29,793
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 €
an expense of € 17.8 million. The total amount of the losses
carried forward was € 262.4 million as of December 31, 2016.
8.9 million with a tax charge of € 3 million. The tax that would
have been paid in the absence of French tax consolidation was