Sopra Steria - 2020 Universal registration document
6 2020 PARENT COMPANY FINANCIAL STATEMENTS Notes to the income statement
Exceptional items 4.4.
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Scrapping of fixed assets
Disposal of financial investments
Gains or losses on treasury share transactions
Provisions for tax risks Reorganisation costs
Accelerated depreciation and amortisation
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The company is covered against the risk generated by the p cyberattack. The damage suffered during this event exceed the reimbursement limit of these insurance policies. The company has estimated that the amount receivable will be equal to this ceiling and has recognized it against the costs incurred. Exceptional items are items that do not arise from the Company’s day-to-day operations, either because they are unusual in amount or impact or because they are abnormal, non-predictive and infrequent.
The main movements in exceptional income and expenses in 2020 were as follows: reorganisation costs: €8.108 million; p reversal of a provision for the risk of tax audits of prior financial p years: €4.745 million; costs related to the Covid-19 crisis: €2.579 million. p costs directly related to the cyberattack on the Company during p the fiscal year: employee and subcontractor downtime due to operations not • running at full capacity; internal and external remediation. •
Corporate income tax 4.5. ) - $#($! ) $#
However, given the provisions laid down in agreements with subsidiaries, tax savings recognised by the parent company during the financial year, arising from the use of tax losses and net long-term capital losses reported by consolidated companies, are only temporary, since they will be taken into account by consolidated companies when they determine their taxes for subsequent financial years. At the financial year-end, the tax group recorded a loss and corporate income tax due for the year was nil.
Sopra Steria Group and some of its subsidiaries have opted to file as a tax consolidation group. Each of the companies computes and recognises its own income tax charge as if it were taxed separately. The tax savings resulting from the application of the tax consolidation group – equal to the difference between the sum of tax paid to the parent company by consolidated companies, and tax calculated on Group earnings and actually payable to the French Treasury – will accrue to the parent company.
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CORPORATE INCOME TAX BROKE DOWN AS FOLLOWS: ❙
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Tax on recurring operations Tax on exceptional operations Impact of tax consolidation
R&D tax credit
Other tax expenses Other tax credits
SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2020
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