ANTIN // 2021 Universal Registration Document

FINANCIAL STATEMENTS

Notes to the consolidated financial statements

Note 9 Income tax

ACCOUNTING PRINCIPLES Reference: IAS 12 Introduction

Deferred tax Deferred tax is measured based on how the underlying asset or liability is expected to be realised or settled. Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, using tax rates enacted or substantively enacted at the reporting date. Deferred tax must be recognised for all temporary differences between the carrying amounts of assets and liabilities on the statement of financial position and their tax base for financial reporting purposes and the amounts used for taxation purposes. A deferred tax asset must also be recognised for carrying forward unused tax losses and tax credits insofar as it is probable that the Group will have access to future taxable profits against which the unused tax losses and tax credits can be allocated. Deferred tax assets are recognised for deductible temporary differences and tax losses-carry forward to the extent that it is probable they can be used. Deferred tax assets are reduced to the extent that it is no longer probable that the related tax benefit will be realised. Presentation CVAE ( Cotisation sur la valeur ajoutée des entreprises ) France expense of AIP SAS is recognised as an income tax.

In accordance with IAS 12, the income tax expense includes all income-related taxes, whether current or deferred. Income tax expenses comprise current and deferred tax. Income tax is recognised in the statement of profit or loss except when the underlying transaction is recognised in other comprehensive income or equity whereby related tax effect is recognised in other comprehensive income or equity. Current tax The standard defines current tax liability as “the amount of income tax payable (recoverable) with respect to the taxable profit (tax loss) for a financial year”. The taxable income is the profit (or loss) for a given financial year measured according to the rules set by the taxation authorities. The applicable rates and rules used to determine the current tax liability are those in effect in each country in which Antin’s companies are established. The current tax liability includes all taxes on income, payable or recoverable, for which payment is not subordinated to the completion of future transactions, even if payment is spread over several financial years. The current tax liability must be recognised as a liability until it is paid. If the amount that has already been paid for the current year and previous financial years exceeds the amount due for these years, the surplus must be recognised under assets. Current tax assets and liabilities are offset only when there is a legally enforceable right to set off the amounts and the consolidated entities intend either to settle on a net basis or to realise the asset and settle the liability simultaneously.

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9.1 Income tax recognised in the Consolidated Income Statement Income taxes recognised in the income statement are as follows:

2021

2020

(in €k)

Current income tax Deferred income tax

(21,562)

(27,332) (2,711) (30,043)

5,561

TOTAL INCOME TAX RECOGNISED IN THE INCOME STATEMENT

(16,001)

9.2 Income taxes recorded in Other Comprehensive Income

2021

2020

(in €k)

Income tax relating to items that will not be reclassified subsequently to profit or loss TOTAL INCOME TAXES RECOGNISED IN OTHER COMPREHENSIVE INCOME

(17) (17)

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149 ANTIN INFRASTRUCTURE PARTNERS S.A. - UNIVERSAL REGISTRATION DOCUMENT 2021