QUADIENT - 2019 Universal Registration Document
6
FINANCIAL STATEMENTS Consolidated financial statements
31 January 2020
31 January 2019
Current income tax charge
31.5
51.2
Deferred income tax charge
(10.1)
(14.4)
TOTAL INCOME TAX
21.4
36.8
13-4: Deferred tax assets and liabilities
Deferred tax assets and liabilities are mainly due to the following:
Changes recognized through equity
Changes recognized in the income statement
Foreign exchange differences
31 January 2019
Reclas- sifications
Other changes *
31 January 2020
Tax loss carry-forwards - Net
0.5
0.7
-
-
4.6
-
5.8
Pension provision
5.4
-
0.5
(0.2)
-
0.1
5.8
Expenses with deferred deductibility: inventories and bad debt • employees related provisions • deferred income • fixed assets amortization • other expenses with deferred • deductibility
4.2
-
-
(0.2)
-
0.1
4.1
2.1
-
-
0.1
-
-
2.2
7.9
-
-
(0.8)
-
0.3
7.4
46.2
-
-
8.0
-
1.9
56.1
2.5
-
-
(0.9)
1.8
-
3.4
Patents
3.3
-
-
0.1
-
-
3.4
Restructuring provisions
0.6
-
-
(0.5)
-
-
0.1
Other
0.4
-
1.3
-
0.1
-
1.8
Deferred tax assets before tax consolidation
73.1
0.7
1.8
5.6
6.5
2.4
90.1
Tax consolidation
(67.4)
(13.8)
-
-
-
-
(81.2)
DEFERRED TAX ASSETS
5.7
(13.1)
1.8
5.6
6.5
2.4
8.9
* The column "Other changes" represents the deferred taxes recognized with the acquisition of Parcel Pending Inc.
At 31 January 2020, the recognition of deferred tax assets line “Tax loss carry-forwards”, amounts to (21.8) million was reviewed. The tax loss carry-forwards recognized as euros as at 31 January 2020. The depreciated tax loss deferred tax assets have been depreciated where it is carry-forwards represent a tax basis of approximately deemed unlikely that the Group will be able to use these in 80.9 million euros. There are non-activated tax losses the five next years. This provision, presented netted on the within the Group.
Changes recognized through equity
Changes recognized in the income statement
Foreign exchange difference
31 January 2019
Reclas- sifications
Scope variation
31 January 2020
Eliminations on margin on inventories, rented and demo equipment Capitalization of research and development expenses Amortization of intangible assets recognized after purchase price allocation
(4.6)
-
-
0.4
-
-
(4.2)
19.1
-
-
-
-
0.7
19.8
10.0
-
-
(4.1)
-
0.2
6.1
Leasing activities
111.5
-
-
2.5
-
4.5
118.5
Amortization restatements
10.2
-
-
(1.1)
-
0.2
9.3
Goodwill amortization
32.3
-
-
3.3
-
1.0
36.6
Pension
13.1
-
1.2
0.2
-
0.6
15.1
Provisions with deferred deductibility
3.1
-
-
(0.1)
-
0.1
3.1
Other*
17.5
-
(0.6)
(5.6)
-
0.4
11.7
Deferred tax liabilities before tax consolidation
212.2
-
0.6
(4.5)
-
7.7
216.0
Tax consolidation
(67.4)
(13.8)
-
-
-
-
(81.2)
DEFERRED TAX LIABILITIES
144.8
(13.8)
0.6
(4.5)
-
7.7
134.8
NET DEFERRED TAX
(139.1)
0.7
1.2
10.1
6.5
(5.3)
(125.9)
* The line “Other” mainly includes provisions for tax exposures.
186
UNIVERSAL REGISTRATION DOCUMENT 2019
Made with FlippingBook Publishing Software