SOMFY - Annual Financial Report 2020

06 PARENT COMPANY FINANCIAL STATEMENTS

INCOME TAX NOTE 4 — An income tax gain of €2.3 million was recognised, including a €2.6 million tax consolidation profit.

BREAKDOWN OF INCOME TAX AT 31 DECEMBER 2020 NOTE 4.1

Tax

€ thousands

Base

Rate

Amount

1. Current result Net profit for the year

98,673

32.02%

-31,595

Tax adjustments: long-term capital gains and losses – income from equity investments –

–

–

–

-104,292

32.02% 32.02% 32.02%

33,394

other –

-1,402 -7,021

449

Subtotal Current Result 2. Extraordinary result Net profit for the year

2,248

-58

32.02%

19

Tax adjustments: long-term capital gains and losses –

– – –

– – –

– – –

deductions –

reinstatements –

Subtotal Extraordinary Result Subtotal Total theoretical tax

-58

32.02% 32.02%

19

-7,078

2,267

3. Other tax items Tax paid by group tax consolidation companies

–

–

19,079

Tax charge/income for the tax consolidation group (excluding total theoretical tax)

–

–

-18,734

Contribution on distributed earnings Tax charge/relief from previous periods

– – – –

– – – –

-246

-21

Subtotal Other tax items

78

TOTAL INCOME TAX

2,345

Before tax

Tax

After tax

Current result

98,673

2,248

100,921

Extraordinary result

-58

19 78

-39

Other tax items

–

78

ACCOUNTING RESULT

98,615

2,345

100,960

159

SOMFY – ANNUAL FINANCIAL REPORT 2020