Assystem - Registration Document 2016

ÉTATS FINANCIERS

PARENT COMPANY FINANCIAL STATEMENTS

INCOME TAX

NOTE 20

Before tax 10,558 (34,052) (23,494)

Tax

After tax 13,234 (29,584) (16,350)

In thousands of euros

Profit from recurring operations Net non-recurring expense

2,676 4,468 7,144

Profit (loss) for the period

Analysis of income tax The breakdown of income tax between the portion related to profit from recurring operations and the portion related to non-recurring items was determined by applying a theoretical income tax rate of 34.43% to the Company’s results for the period. The effect of tax consolidation has been included in the portion related to non-recurring items. Tax consolidation Assystem is the head of a tax group that includes the following entities: Assystem France, Assystem Engineering and Operation Services, SCI

Pont Noir, Assystem Régions, ASG, Athos Aéronautique, Assystem International, Insiema, Assystem Expert, Assystem Avenir, Assystem Investissements and Sud Aviation Services. Under the tax consolidation agreement, the methods for calculating the income tax due by each entity in the tax group are determined based on the applicable tax rules in force at the reporting date and as if each entity were taxed on a stand-alone basis.

Deferred taxes

Deferred tax liabilities (calculated at a rate of 34.43%) (in thousands of euros)

2016 tax base

Amount of tax

Deferred charges

– –

– –

Total

Deferred tax assets (calculated at a rate of 34.43%)

2016 tax base

Amount of tax

Unrealised foreign exchange gains Provisions for impairment in value

552 187 616

(190)

(64)

Acquisition-related expenses

(212)

Other expenses

21,599 22,954

(7,437) (7,903)

Total

6

The Company’s tax loss amounted to €21,399 thousand in 2016 and was primarily due to the loss incurred on the buybacks of Ornane and Odirnane bonds, recorded under non-recurring expenses on capital transactions.

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ASSYSTEM

REGISTRATION DOCUMENT 2016