ANTIN // 2021 Universal Registration Document

FINANCIAL STATEMENTS 6 Notes to the consolidated financial statements

9.3 Income tax recognised in the Consolidated Balance Sheet Income taxes recognised in the balance sheet are as follows:

31-Dec-2021

31-Dec-2020

(in €k)

Income tax assets Income tax liabilities

5,084 1,470

-

3,202

Deferred income tax recognised in the balance sheet are as follows:

31-Dec-2021

31-Dec-2020

(in €k)

502

- -

Deferred expenses Deferred tax assets

5,554 6,056 4,685 1,182 5,867

-

5,201

Placement fees

Other temporary tax deductions

21

Deferred tax liabilities

5,222

NET DEFERRED TAX ASSETS (LIABILITIES)

189

(5,222)

RECONCILIATION OF CONSOLIDATED AND EFFECTIVE INCOME TAX

31-Dec-2021

31-Dec-2020

(in €k)

Profit before income tax

48,352

122,767 (34,375)

(12,813)

Tax at statutory tax rate of 26.50%

Effects of: Foreign tax rates

3,114

4,605

Free share plans and ESPP Non-deductible expenses

(6,474)

-

558

(431) 1,384

Non-taxable income

-

Tax attributable to prior years

204

237

Business tax (CVAE)

(423) (166)

(893) (569)

Other

REPORTED EFFECTIVE TAX

(16,001)

(30,043)

The parent company’s statutory tax rate of 26.5% has been computed using the applicable rate of AIP S.A. in France.

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