SOMFY - Annual financial report 2019

08 PARENT COMPANY FINANCIAL STATEMENTS

INCOME TAX NOTE 4 — An income tax gain of €2.9 million was recognised, including a €3.0 million tax consolidation profit.

BREAKDOWN OF INCOME TAX AT 31 DECEMBER 2019 NOTE 4.1

Tax

€ thousands

Base

Rate

Amount

1. Current result Net profit for the year

112,388

34.43%

-38,695

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

–

–

–

-124,900

34.43% 34.43% 34.43%

43,003 -2,193

other –

6,370 -6,142

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

2,115

-313

34.43%

108

Tax adjustments: long-term capital gains and losses –

– –

– –

– –

deductions –

reinstatements –

167

34.43% 34.43% 34.43%

-58

Subtotal Extraordinary result Subtotal Total theoretical tax

-145

50

-6,287

2,165

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

–

–

9,516

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

–

–

-8,716

Contribution on distributed earnings Tax charge/relief from previous periods

– – – –

– – – –

-100

48

Subtotal Other tax items

748

TOTAL INCOME TAX

2,913

Before tax

Tax

After tax

Current result

112,388

2,115

114,503

Extraordinary result

-313

50

-263

Other tax items

–

748

748

ACCOUNTING RESULT

112,076

2,913

114,988

135

SOMFY – ANNUAL FINANCIAL REPORT 2019