technicolor - 2019 Universal registration document

FINANCIAL STATEMENTS INCOME TAX

Income Tax

NOTE 6

Income tax recognized in profit and loss

6.1 6.1.1

INCOME TAX EXPENSE

Income tax expense comprises current and deferred tax. Deferred accounted for any tax benefits arising from tax losses from tax is recognized in profit or loss, except to the extent that it relates discontinued activities in continuing operations since these tax losses to items previously recognized outside profit or loss (either in OCI or will be used by future benefits from continuing operations.

directly in equity). Moreover, IAS 12 does not specify whether tax benefits arising from tax losses should be allocated to the source of the loss or the source of the realization of the benefit. The Group has

Further to the application of IFRIC 23 – Uncertainty over Income Tax Treatments, current taxes also include uncertain tax positions previously included in Provisions.

2019

2018

(in million euros)

Current income tax France

(1) (9)

2

Foreign

(1)

Total current income tax Deferred income tax France

(10)

1

-

-

Foreign

7 7

(55) (55) (54)

Total deferred income tax

INCOME TAX ON CONTINUING OPERATIONS

(3)

In 2019, the current income tax charge is mainly attributable to current taxes due in India, Mexico and Poland. In 2018, the deferred tax expense was mainly attributable to the depreciation of deferred tax asset in the United States, as there is no probability anymore to use the tax losses carried forward in the next five years. Please see section 6.2.1 for more details on the variation of deferred taxes.

6

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