SOMFY_ANNUAL_FINANCIAL_REPORT_2017

08 PARENT COMPANY FINANCIAL STATEMENTS

INCOME TAX NOTE 4 — An income tax gain of €25.5 million including a €3.5 million tax consolidation profit as well as €22.3 million in tax relief (primarily in relation to the contribution of 3% on distributed earnings) was recognised.

BREAKDOWN OF INCOME TAX AT 31 DECEMBER 2017 NOTE 4.1

Tax

€ thousands

Base

Rate

Amount

1. Current result Net profit for the year

81,650

34.43%

–28,112

Tax adjustments Long-term capital gains and losses – Income from equity investments –

–

34.43% 34.43% 34.43% 34.43%

–

–90,967 10,095

31,320 –3,476

Other –

Subtotal Current Result 2. Extraordinary result Net profit for the year

778

–268

–55

34.43%

19

Tax adjustments Long-term capital gains and losses –

– –

– –

– –

Deductions –

Reinstatements –

55

34.43% 34.43% 34.43%

–19

Subtotal Extraordinary Result Subtotal Total theoretical tax

–

–

778

–268

3. Other tax items Tax paid by group tax consolidation companies

–

–

6,664

Tax charge/income for the tax consolidation group (excluding total theoretical tax)

–

–

–2,925

Contribution on distributed earnings Tax charge/relief from previous periods

– – – –

– – – –

–269

22,314 25,784 25,516

Subtotal Other tax items

TOTAL INCOME TAX

€ thousands

Before tax

Tax

After tax

Current result

81,650

–268

81,383

Extraordinary result

–55

–

–55

Other tax items

–

25,784 25,516

25,784 107,111

ACCOUNTING RESULT

81,595

121

SOMFY – ANNUAL FINANCIAL REPORT 2017