NEOPOST - 2018 Registration document
6
Financial statements
Consolidated financial statements
31 January 2019
31 January 2018
Current income tax charge
51.2
14.7
Deferred income tax charge
(14.4)
(13.9)
TOTAL INCOME TAX
36.8
(0.8)
Deferred tax assets and liabilities 12-4: Deferred tax assets and liabilities are mainly due to the following:
Changes recognized through equity
Changes recognized in the income statement
Foreign exchange differences
Reclas- sifications
31 January 2018
Scope variation
31 January 2019
Tax loss carry-forward
1.2 5.9
- -
-
(0.7) (0.5)
- -
-
0.5 5.4
Pension provision
(0.1)
0.1
Expenses with deferred deductibility:
• • • • •
inventories and bad debt employees related provisions
4.3 2.0 7.7
- - - - - - - -
- - - - - - -
(0.3)
- - - -
0.2 0.1 0.4 2.6
4.2 2.1 7.9
-
deferred income
(0.2) 16.1
fixed assets amortization other expenses with deferred
27.5
46.2
deductibility
2.4 3.3 0.4 0.0
- -
0.0
0.1
2.5 3.3 0.6 0.4
Patents
- - -
-
Restructuring provisions
0.1 0.1
0.1
Other
0.4
(0.1)
Deferred tax assets before tax consolidation
54.7
-
0.3
14.6
0.0
3.5
73.1
Tax consolidation
(50.1)
(17.3)
-
-
-
-
(67.4)
DEFERRED TAX ASSETS
4.6 (17.3)
0.3
14.6
0.0
3.5
5.7
At 31 January 2019, the recognition of deferred tax assets was reviewed. The tax loss carry forwards recognized as deferred tax assets have been depreciated where it is deemed unlikely that the Group will be able to use these in the five next years. This provision, presented on the line "Tax loss carry-forward", amounts to 31.2 million euros as at 31 January 2019. There are non-activated tax losses within the Group.
Changes recognized through equity
Changes recognized in the income statement
Foreign exchange difference
Reclas- sifications
31 January 2018
Scope variation
31 January 2019
Eliminations on margin on inventories, rented and demo equipment Capitalization of research and development expenses Amortization of intangible assets recognized after purchase price allocation
(4.6)
-
-
0.1
-
(0.1)
(4.6)
22.7
-
-
(0.8)
(3.0)
0.2
19.1
14.0
- - - - -
- - - -
(2.5) (2.4) (0.8) (1.4)
(1.3)
(0.2)
10.0
Leasing activities
105.2
- - - -
8.7 0.1 2.2 0.0
111.5
Amortization restatements
10.9 31.5 12.5
10.2 32.3 13.1
Goodwill amortization
Pension
0.5
0.1
Provisions with deferred deductibility
3.9 9.6
- -
-
(0.9)
- -
0.1 0.0
3.1
Other *
(0.9)
8.8
17.5
Deferred tax liabilities before tax consolidation
205.7 (50.1) 155.6
-
(0.4)
0.2 (4.3)
11.0
212.2 (67.4) 144.8
Tax consolidation
(17.3) (17.3)
-
-
-
-
DEFERRED TAX LIABILITIES
(0.4)
0.2 (4.3)
11.0 (7.5)
NET DEFERRED TAX
(151.0)
-
0.7
14.4
4.3
(139.1)
* The line "Other" mainly includes provisions for tax exposures.
167
REGISTRATION DOCUMENT 2018 / NEOPOST
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