SOMFY - Annual Financial Report 2020

05 CONSOLIDATED FINANCIAL STATEMENTS

DEFERRED TAX RECOGNISED IN ITEMS OF OTHER COMPREHENSIVE INCOME NOTE 11.2

€ thousands

31/12/20

31/12/19

Deferred tax assets actuarial gains and losses on employee benefits –

3,012

2,985

foreign currency hedges – raw material hedges – Deferred tax liabilities foreign currency hedges – raw material hedges –

143

132

–

–

–

–

169

42

NET DEFERRED TAX

2,986

3,075

ANALYSIS BY TYPE NOTE 11.3

31/12/20

31/12/19 Of which income statement impact

€ thousands

Deferred tax on restatements related to IFRS standards and temporary differences, including:

-2,699

2,469

-3,216

restatements to employee benefits –

6,194 5,299 3,850 8,232

5,887 5,933 2,887

289

restatements resulting from provision methods – restatements due to tax and social liabilities –

-499

994

restatements due to SOPEM tax credit –

14,325

-5,275

restatements on the fair value of hedge instruments – restatements resulting from acquisition expenses – restatements related to the fair value of non-current assets –

143 255

132 317

25

-63

-349

-711

-362

restatements related to leases (IFRS 16) –

-6,537 -10,634 -4,686 -4,465

-6,643 -9,168 -5,039 -5,452 6,656

111

restatements related to differences in amortisation and depreciation – restatements from the capitalisation of development costs –

-637

353

other –

1,849 2,596

Deferred tax on intragroup margins

8,917

Miscellaneous

-60

-60

–

TOTAL

6,158

9,065

-620

DEFERRED TAX ASSETS DEFERRED TAX LIABILITIES

20,809 -14,651

25,305 -16,240

– –

Deferred tax assets and liabilities by jurisdiction or entity are offset in accordance with IAS 12.

146

SOMFY – ANNUAL FINANCIAL REPORT 2020