SAINT_GOBAIN_REGISTRATION_DOCUMENT_2017
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Financial and accounting information Compagnie de Saint-Gobain 2017 annual financial statements (parent company)
NOTE 4
EXCEPTIONAL INCOME AND EXPENSE
The Company reported a net exceptional expense of €12.3 to the accounting charge related to long term compensation million primarily due to exceptional costs incurred following plans, partially offset by a €20.6 million tax provision reversal, the cyber-attack experienced by the Group in June 2017, and mainly coming from the German branch.
NOTE 5
INCOME TAXES
a net tax profit of €28 million for the German branch; The French tax group generated a tax loss in 2017. The Group also has unused tax loss carry-forwards. At December 31, 2017, unused tax loss carry-forwards represented €793.9 million. Compagnie de Saint-Gobain’s permanent German establishment, which is the Group’s leading entity under the Organschaft local consolidation regime, reported a tax credit in 2017. At December 31, 2017, future tax savings corresponding to the branch’s unused tax loss carry-forwards amounted to €44.9 million. In both cases, these future tax savings have been recorded in the consolidated financial statements, but not in the parent company financial statements.
The Company recorded an income taxes profit of €14 million, corresponding primarily to: a tax charge valued at €14 million under the 2017 tax consolidation regime (France) This figure includes corporate taxes, additional contributions to corporate taxes, the 3% tax on dividends, and the impact of all rulings and claims on all these taxes and contributions. Income taxes recorded in Compagnie de Saint-Gobain accounts reflect its tax position towards the French tax administration, but also towards consolidated companies in its capacity as consolidating parent company.
NOTE 6
INTANGIBLE ASSETS
Intangible assets
Amortization
Accumulated at Dec. 31, 2017
Accumulated at January 1,
Gross at Dec.b31, 2017
Gross at Januaryb1,
Net at Dec. 31, 2017
2017 Increases Decreases
2017 Additions Disposals
(in EUR thousand) Purchased goodwill Other intangible assets Intangible assets in progress
567
0
0
567
567
0
0
567
0
49,284
1,616
(8)
50,892
39,275
2,767
(8)
42,034
8,858
2,114
2,408 4,024
(977) (985)
3,545
0
0
0
0
3,545
51,965
55,004
39,842
2,767
(8)
42,601
12,403
NOTE 7
PROPERTY, PLANT AND EQUIPMENT
Property Plant and Equipment
Amortization
Accumulated at Dec. 31, 2017
Accumulated at January 1,
Gross at Dec. 31, 2017
Gross at Januaryb1,
Net at Dec. 31, 2017
2017 Increases Decreases
2017 Additions Disposals
(in EUR thousand)
Land
51
0 0
0 0
51
0
0
0 0
0
51
Buildings
1,400 9,136
1,400
610
65
675
725
Other
3,896
(264)
12,768
5,397
2,203
(262)
7,338
5,430
Assets under construction Prepayments
2,451
6,913
(382)
8,982
0 0
0 0
0 0
0 0
8,982
0
0
0
0
0
13,038
10,809
(646)
23,201
6,007
2,268
(262)
8,013
15,188
Additions to assets under construction are mostly expenditures related to the construction of Compagnie de Saint-Gobain future headquarters which are the responsibility of the lessee.
284 SAINT-GOBAIN - REGISTRATION DOCUMENT 2017
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