EURAZEO_REGISTRATION_DOCUMENT_2017

5

COMPANY FINANCIAL STATEMENTS Notes to the Company financial statements

TAXES NOTE 16

The standard rate income tax expense recognized by Eurazeo in respect of 2017 breaks down as follows:

2017

2016

(In thousands of euros)

On asset management operations Standard rate income tax

- - - -

(29)

Offset of prior year losses Additional 3.3% contribution

16

-

Sub-total

(13)

On financial transactions Standard rate income tax

-

(2,974)

Income tax at 19%

(30,934)

-

Offset of prior year losses Additional 3.3% contribution

-

1,637

(996)

(24)

Sub-total

(31,930)

(1,360)

On non-recurring transactions Standard rate income tax Offset of prior year losses Additional 3.3% contribution

- - -

(334)

184

(2)

Difference in tax rates Tax consolidation gain

8

716 528

(444) 10,722 10,285 (21,645)

Withholding tax on distributions

(4,783) (3,692) (5,065)

Sub-total

TOTAL

Eurazeo formed a tax group on January 1, 2001. The taxable income (loss) of tax group companies for the year ended December 31, 2017 is as follows:

Taxable income (loss) of tax group companies in the absence of tax grouping 12/31/2017

(In thousands of euros)

Tax group companies

Eurazeo Patrimoine

(598) 2,794 1,929

Eurazeo PME

Eurazeo PME Capital

LH APCOA

(93)

Legendre Holding 23 Legendre Holding 37 Legendre Holding 38

(5) (2)

(10)

The income tax expense is calculated based on the taxable income (loss) of each company, as if the Company were not included in the tax group. Tax savings associated with tax losses (losses generated by subsidiaries during tax grouping likely to be offset against future income, internal capital gains rolled-over, etc.) are neutralized in the

parent company’s accounts and accordingly are not reported in the income statement. Definitive gains or losses are recognized in profit and loss. Accordingly, Eurazeo recognized a tax consolidation loss of €444 thousand in 2017. As of December 31, 2017, the tax group consisting of Eurazeo and its subsidiaries had carried tax forward losses of €94,971 thousand.

302

2017 Registration document

Eurazeo