Assystem - 2018 Register document
BUSINESS REVIEW AND FINANCIAL STATEMENTS
CONSOLIDATED FINANCIAL STATEMENTS
At 31 December 2018, the fair value hierarchy levels for the Group’s financial instruments were as follows:
Level 1 – Market price
Level 2 – Observable market inputs
Level 3 – Unobservable inputs
Total
In millions of euros Investment property
-
-
1.4
1.4
Expleo Group convertible bonds
102.2 124.3 227.9
102.2 124.3 227.9
Investment in Framatome
-
-
Total
-
-
Current and non-current liabilities related to share acquisitions
- -
- -
5.7 1.3 7.0
5.7 1.3 7.0
Other non-current liabilities
Total
-
-
INCOME TAX
NOTE 12
12.1 Income tax recognised during the year
2018 (6.4)
2017 (4.3) (0.5) (4.8) 0.3 0.1 0.4 (4.0) (0.4) (4.4)
In millions of euros
Current tax
Deferred taxes
0.2
Total recognised in the income statement
(6.2)
Tax payable on treasury shares
-
Tax recognised in other comprehensive income Total recognised directly in equity
(0.1) (0.1) (6.4)
5
Current tax
Deferred taxes
0.1
Total for the year
(6.3)
12.2 Tax proof The table below reconciles the Group’s actual income tax expense to the theoretical income tax expense based on the tax rate applicable to the profit of consolidated companies:
2018
2017
In millions of euros
Profit before tax from continuing operations (excluding share of profit of equity-accounted investees and income from Expleo Group convertible bonds)
23.5
13.4
Theoretical income tax rate
34.43%
34.43%
Theoretical income tax expense
(8.1)
(4.6)
Permanent differences
4.0 2.1
2.9
Differences arising from applying different taxation rates
(0.1) (2.1)
Other taxes
(4.1) (0.2)
Income or expense relating to changes in tax rates or the imposition of new taxes
0.1
Adjustments recognised during the year for prior years
0.1
(1.0)
Benefits arising from tax losses and temporary differences not recognised in prior years
- -
0.2
Impact of tax losses and temporary differences not used during the year
(0.2) (0.2) (4.8)
Total adjustments
1.9
Actual income tax expense
(6.2)
Effective tax rate
26.38%
35.82%
The amount shown under “Other taxes” mainly comprises the Corporate Value-Added Contribution (CVAE) for French subsidiaries.
129
ASSYSTEM
REGISTRATION DOCUMENT 2018
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