RUBIS - 2019 Universal Registration Document

8 FINANCIAL STATEMENTS - 2019 separate financial statements, notes and other information

Note 4. Notes related to selected income statement items

INCOME TAX

Tax base

Rate

Gross tax

Credit

Net tax

(in thousands of euros)

Corporation tax on net income at standard rate

34.43%

(580)

(580)

Corporation tax calculated on expenses related to capital increases allocated to share premiums

383

34.43%

132 (13)

132 (13)

Reimbursements received

Expense/(benefit) relating to tax consolidation

(8,536) (8,417)

(8,536) (8,997)

TOTAL

(580)

Rubis is taxed under the system for parent companies and subsidiaries. These dividends are subject to taxation on a share of fees and expenses amounting to 1%. Rubis has opted for the tax consolidation regime since January 1, 2001. The scope of consolidation is as follows:

DATE OF INCLUSION OF COMPANIES IN THE TAX CONSOLIDATION GROUP AT THE REPORTING DATE

January 1, 2001

Rubis Rubis Terminal

January 1, 2006

Rubis Énergie Rubis Antilles Guyane SIGL Sicogaz Starogaz

January 1, 2011

Frangaz Vito Corse

January 1, 2012

Société Antillaise des Pétroles Rubis (SAPR) Rubis Guyane Française (RGF) Rubis Caraïbes Françaises (RCF)

January 1, 2013

Coparef Vitogaz France

January 1, 2014 January 1, 2016 January 1, 2018 January 1, 2019

Rubis Restauration et Services (RRS)

Société Réunionnaise de Produits Pétroliers (SRPP)

Rubis Patrimoine

Cimarosa Investissements

• tax savings made by the Group are recognized in the income statement by the parent company; • tax savings are not reallocated to subsidiaries, except in the event of an exit from the Group.

Under these agreements, each company calculates its tax as if there were no tax consolidation, the parent company being the only one liable for corporation tax. Rubis is the parent company of the tax consolidation group.

The agreed breakdown of tax is as follows (unless otherwise agreed): • tax expenses are paid by the companies as if there were no tax consolidation;

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