Assystem - Registration Document 2016

FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

INCOME TAX

NOTE 12

12.1 Income tax recognised during the year

2016 (13.2)

2015 (12.3)

In millions of euros

Current tax

Deferred taxes

(4.5)

(0.8)

Total recognised in the income statement

(17.7)

(13.1)

Tax payable on treasury shares Tax payable on Odirnane buybacks

(0.2) 10.0

0.5

–

Tax recognised in other comprehensive income Total recognised directly in equity

0.8

(1.3) (0.8) (11.8)

10.6 (3.4) (3.7) (7.1)

Current tax

Deferred taxes

(2.1)

Total for the year

(13.9)

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:

2016 48.4

2015 40.0

In millions of euros

Profit before tax from continuing operations (excluding share of profit of equity-accounted investees)

Theoretical income tax rate

34.43% (16.7)

38.00% (15.2)

Theoretical income tax expense

Permanent differences

6.5 2.2

6.4 2.1

Differences arising from applying different taxation rates

Other taxes

(7.6) (1.1) (0.9)

(6.0) (0.9)

Income or expense relating to changes in tax rates or the imposition of new taxes

Adjustments recognised during the year for prior years

0.5 0.5

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

(0.3) (1.0)

(0.5) 2.1

6

Total adjustments

Actual income tax expense

(17.7)

(13.1)

Profit before tax from continuing operations (excluding share of profit of equity-accounted investees)

48.4

40.0

Goodwill impairment

7.0

7.0

Profit before tax from continuing operations (excluding share of profit of equity-accounted investees and goodwill impairment)

55.4

47.0

Effective tax rate excluding impact of goodwill impairment

31.95%

27.87%

The amount shown under “Other taxes” mainly comprises the Corporate Value-Added Contribution (CVAE) for French subsidiaries.

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ASSYSTEM

REGISTRATION DOCUMENT 2016