Derichebourg // 2020-2021 Universal Registration Document

5

Financial and accounting information Consolidated financial statements at September 30, 2021 Notes

Net financial expenses 4.22 To provide a better assessment of the debt service cost, net financial expenses have been calculated between financial expenses and financial income from investments made, and after taking into account the effect of interest-rate hedges. Any amounts not falling within the above definition are, where applicable, shown on a separate line.

2021

2020

In millions of euros

Interest on loans, bank overdrafts and factoring

(13.9)

(9.3)

Interest on current accounts Interest on lease liabilities

(2.4)

(2.3)

Dividends Income from marketable securities and cash equivalents Interest-rate hedges and other financial income and expenses

(0.2) (0.5)

(0.5)

Net financial expenses

(16.7)

(12.3)

Foreign exchange gains and losses

0.9

1.3

Interest expense on retirement and pension plans

(0.4)

(0.3) (3.3) (2.3)

Others

Foreign exchange and other gains and losses

0.5

Income tax 4.23 By type 4.23.1

2021

2020

In millions of euros

Income before tax from consolidated companies

246.5 (64.7)

41.5

Current income tax

(21.8)

Deferred tax

(6.6)

2.3

Total income tax expense

(71.3)

(19.5)

Effective tax rate

(28.9%)

(47.0%)

Actual income tax expense 4.23.2

2021

2020

Theoretical tax income or expense

(78.9)

(14.3)

Impact of tax rate changes

(0.4) (3.3) (1.3) (0.3) (0.0)

Recognition/Limitation of deferred tax assets

(0.2)

Permanent tax differences

1.5 1.1 5.2

Permanent differences linked to consolidation adjustments Differences in tax rates applicable to foreign companies

Actual tax income

(71.3)

(19.5)

The Group’s actual income tax expense was calculated on the basis of income from continuing operations before tax, restated for the Group’s share of income from associated companies.

For the 2021 fiscal year, the Group’s actual income tax expense was reconciled on the basis of a tax rate of 32.02%.

DERICHEBOURG 2020/2021 Universal Registration Document 174