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9
FINANCIAL AND ACCOUNTING INFORMATION
1. 2016 Consolidated Financial Statements
252
SAINT-GOBAIN
- REGISTRATION DOCUMENT 2016
other countries represented considerably smaller amounts.
€42 million in Brazil. Deferred tax liabilities recognized in
Tax loss carry-forwards
10.3.
applied in each country.
and the strategy for the long-term recovery of tax losses
recognize deferred tax assets for tax loss carry-forwards, the
difference can be utilized. In determining whether to
probable recovery period based on business plan projections
Group applies a range of criteria that take into account the
are reviewed at the end of each reporting period and written
be sufficient taxable income against which the temporary
down to the extent that it is no longer probable that there will
Deferred tax assets are recognized only if it is considered
against which the temporary difference can be utilized. They
probable that there will be sufficient future taxable income
tax consolidation ensures that deferred tax can be recovered.
period of 20 years, and to France, Germany and Spain, where
expiry dates. However, after analyzing each situation, the
In these countries, tax loss carry-forwards may have indefinite
December 31, 2016, against €780 million at December 31,
carry-forwards for a net amount of €765 million at
the recovery period is shorter than the maximum utilization
2015. This principally relates to the United States, for which
The Group recognized deferred income tax assets on loss
Group may decide to not recognize the deferred tax assets.
not considered probable totaled €393 million (€427 million at
full amount. Unrecognized deferred tax assets chiefly relate
December 31, 2015) and a provision had been accrued for the
to China, Germany, the United States, Belgium and Spain.
At December 31, 2016, deferred tax assets whose recovery is
SUBSEQUENT EVENTS
NOTE 11
None.
FEES PAID TO THE STATUTORY AUDITORS
NOTE 12
Total fees paid to the Statutory Auditors and recognized in the income statement in 2016 and 2015 are detailed in the
“Additional information and cross-reference tables” section of the Registration Document.