Sopra Steria - 2018 Registration document

2018 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

6.3.3. Change in tax loss carryforwards

United Kingdom Germany Scandinavia

Other countries

France

TOTAL

(in millions of euros)

31 December 2017

196.9

5.0

0.3

37.8

19.1

259.1

Changes in scope

0.6

- - - - - -

- -

- -

2.0

2.6

Created

77.3 -72.0

10.3 -0.7

87.6 -74.1

Used

-0.9

-0.5

Expired

- -

- -

-

-

-

Translation adjustments

-1.0

0.3

-0.8

Other movements

-59.7

0.6

-

-

-59.1

31 DECEMBER 2018

143.1

5.0

- - - - -

36.3

30.9 10.2 20.7

215.3

Deferred tax basis – Activated Deferred tax basis – Non-activated Deferred tax – Activated Deferred tax – Non-activated

88.1 55.0 30.3 18.9

-

-

98.3

5.0

36.3

117.0

-

-

2.9 5.9

33.2 28.2

0.4

2.9

In France, a portion of the non-activated tax losses – €17.3 million in deferred taxes (based on a tax rate of 34.43%) – consisted of the tax loss carryforwards prior to 1 January 2014 originating from Steria. The authorities’ decision to disallow their transfer to Sopra Steria is being challenged through litigation. The other portion of €1.6 million in France originated from the losses inherited from recently acquired companies.

In Scandinavia, the tax loss carryforwards of the companies established in Sweden and Denmark did not lead to the recognition of any deferred tax assets. Lastly, in “Other Countries”, dormant companies in the United States contributed €2.3 million in non-activated deferred tax.

NOTE 7 COMPONENTS OF THE WORKING CAPITAL REQUIREMENT AND OTHER FINANCIAL ASSETS AND LIABILITIES

These items include non-current financial assets, trade receivables and related accounts, other current assets, other non-current liabilities, trade payables and other current liabilities. 7.1. Other non-current financial assets

31/12/2018

31/12/2017

(in millions of euros)

Non-consolidated securities Other loans and receivables

12.2 22.2

13.9 10.4

Derivatives

4.5

4.3

TOTAL

38.9

28.6

139

SOPRA STERIA REGISTRATION DOCUMENT 2018

Made with FlippingBook Learn more on our blog