NEOPOST_REGISTRATION_DOCUMENT_2017
5
Financial statements
Consolidated financial statements
Deferred tax assets and liabilities 12-4 Deferred tax assets and liabilities are mainly due to the following:
Changes recognized in the income statement
Changes recognized through equity
Foreign exchange differences
31 January 2017
Reclassi- fications
Scope variation
31 January 2018
Tax loss carry-forward
24.4
-
-
(22.0)
(1.1)
(0.3)
1.0
Pension provision
6.2
-
0.4
(0.4)
-
(0.1)
6.1
Expenses with deferred deductibility: inventories and bad debt • employees related provisions
7.4
-
-
(2.4)
-
(0.7)
4.3
• • • •
3.0
-
-
(0.8)
-
(0.2)
2.0
deferred income
10.4
-
-
(1.6)
-
(1.1)
7.7
fxed assets amortization
51.7
-
-
(18.8)
-
(5.4)
27.5
other expenses with deferred
3.8
-
-
(1.0)
(0.0)
(0.4)
2.4
deductibility
Patents
3.3
-
-
-
-
-
3.3
Restructuring provisions
1.5
-
-
(1.0)
-
(0.1)
0.4
Other
2.8
-
(1.1)
(1.5)
(0.3)
0.1
0.0
Deferred tax assets before tax consolidation
114.5
-
(0.7)
(49.5)
(1.4)
(8.2)
54.7
Tax consolidation
(97.2)
47.1
-
-
-
-
(50.1)
DEFERRED TAX ASSETS
17.3
47.1 (0.7)
(49.5)
(1.4)
(8.2)
4.6
At 31 January 2018, the recognition of deferred tax assets was reviewed. The tax loss carry forwards recognized as deferred tax assets have been depreciated when it is deemed unlikely that the Group will be able to use these in the five next years. There is no significant non-activated tax loss as at 31 January 2018.
Changes recognized in the income statement
Changes recognized through equity
Foreign exchange difference
31 January 2017
Reclassi- fications
Scope variation
31 January 2018
Eliminations on margin on inventories, rented and demo equipment
(6.2)
-
-
1.3
-
0.3
(4.6)
Capitalization of research and development expenses
23.5
-
-
0.8
-
(1.6)
22.7
Amortization of intangible assets recognized after purchase price allocation
19.0
-
-
(3.1)
-
(1.9)
14.0
Leasing activities
179.4
-
-
(54.4)
-
(19.8)
105.2
Amortization restatements
10.9
-
-
0.2
-
(0.2)
10.9
Goodwill amortization
44.0
-
-
(7.7)
-
(4.8)
31.5
Pension
10.4
-
2.1
0.2
-
(0.2)
12.5
Provisions with deferred deductibility
4.7
-
-
(0.4)
-
(0.4)
3.9
Other
8.9
-
1.1
(0.3)
-
(0.1)
9.6
Deferred tax liabilities before tax consolidation
294.6
-
3.2 (63.4)
-
(28.7)
205.7
Tax consolidation
(97.2)
47.1
-
-
-
-
(50.1)
DEFERRED TAX LIABILITIES
197.4
47.1
3.2 (63.4)
-
(28.7)
155.6
NET DEFERRED TAX
(180.1)
-
(3.9)
13.9 (1.4)
20.5 (151.0)
158
REGISTRATION DOCUMENT 2017 / NEOPOST
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