Assystem - Registration Document 2016
FINANCIAL STATEMENTS
CONSOLIDATED FINANCIAL STATEMENTS
MOVEMENTS IN DEFERRED TAX ASSETS AND LIABILITIES BREAK DOWN AS FOLLOWS:
Employee benefit obligations
Unrecognised deferred tax assets*
Net deferred tax assets (a-b)
Tax loss carryforwards
Deferred tax assets (a)
Deferred tax liabilities (b)
Other
In millions of euros
At 31 December 2014
7.6
3.9
4.4 1.0
(2.7)
13.2
(2.2)
11.0
Effect of changes in scope of consolidation
–
–
–
1.0
–
1.0
Year-on-year changes recognised in the income statement Deferred taxes recognised in other comprehensive income Deferred taxes recognised in equity Currency translation differences
(0.4)
(0.6)
(0.6)
0.6
(1.0)
–
(1.0)
(1.2)
– – – –
(0.1)
– – – –
(1.3)
0.2 0.5
(1.1)
– – –
–
–
0.5 0.1
0.1 0.3 5.1 0.3
0.1 0.3
–
Other
(0.3) (1.8)
–
At 31 December 2015
6.0
3.3 0.2
(2.1) (0.1)
12.3
10.5
Effect of changes in scope of consolidation
–
0.4
–
0.4
Year-on-year changes recognised in the income statement Deferred taxes recognised in other comprehensive income Deferred taxes recognised in equity
(0.5)
7.8
(12.1)
(0.1)
(3.2)
0.4
(4.5)
0.4
–
0.4
– –
0.8 9.8
– –
0.8 9.8
–
(0.5) 10.8
10.3
At 31 December 2016
5.9
4.0
(2.3)
18.4
(1.4)
17.0
* Deductible temporary differences, unused tax losses and unused tax credits for which no deferred tax assets have been recognised but whose recoverability is probable.
in other comprehensive income” relates to the buybacks of Ordinane bonds that took place in 2016. Other deferred tax assets mainly concerned employee profit-sharing, depreciation and amortisation and derivative instruments.
During 2016 the French tax group recorded a tax loss for which a €7.7 million deferred tax asset was recognised based on the probability of its recoverability in the short- and medium-term. The €10.3 million reclassification from “Year-on-year changes recognised in the income statement” to “Deferred taxes recognised
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ASSYSTEM
REGISTRATION DOCUMENT 2016
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