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FINANCIAL INFORMATION
4.4 2016 Financial statements
4
250
Registration Document 2016 — Capgemini
Provision reversals of €759,312 thousand comprise reversals of provisions for impairment of equity interests, notably in respect of
reversal of the provision for financial risks on a call option on own shares settled during the year in the amount of €113,516 thousand.
European subsidiaries in the amount of €474,273 thousand and Asia-Pacific subsidiaries in the amount of €171,380 thousand and a
The dividends of €68,926 thousand correspond to dividends received during the period by the Company from its subsidiaries.
18. Net non-recurring income (expense)
(in thousands of euros)
Amount
Net proceeds on disposals of treasury shares under the liquidity agreement
(779)
Sub-total
(779)
Loss on the delivery of treasury shares
(69,839)
Other
(97)
(69,936)
NET NON-RECURRING INCOME (EXPENSE)
(70,715)
19. Income tax expense
S.A. recognized an income tax expense in respect of the tax consolidation of €9,002 thousand.
In France, Cap Gemini S.A. is the parent company of a French tax consolidation group comprising 19 companies. In 2016, Cap Gemini
losses carried forward by Cap Gemini S.A. amounted to €649,681 thousand at December 31, 2016.
In the absence of tax consolidation, Cap Gemini S.A. would have recognized a theoretical income tax expense of €30,810 thousand. Tax
Breakdown of the income tax expense
(in thousands of euros)
2016
tax
Net profit before
expense
Income tax
Recurring profit before tax
■
1,029,346
(331,888)
Net non-recurring income (expense)
■
(70,715)
22,800
Accounting profit for the year before tax
■
958,630
(309,088)
Tax differences
■
(766,519)
247,146
Offset of tax losses carried forward
■
(96,556)
31,132
Tax consolidation of subsidiaries
■
-
22,375
INCOME TAX EXPENSE
(8,434)
Impact of tax-driven valuations
(in thousands of euros)
Amount
Profit for the year
950,196
Income tax expense (net)
8,434
Profit for the year before tax
958,630
Change in tax-driven provisions:
Accelerated depreciation
■
-
Other tax-driven valuations
-
EXCLUDING TAX-DRIVEN VALUATIONS (BEFORE TAX)
958,630