Basic HTML Version
LISI 2011 —
60
— financial report
Consolidated financial statements
2.6.8 Income tax
2.6.8.1 Income tax breakdown
Breakdown
(In €’000)
Profit (loss)
before tax
Tax
Income from assets
held for sale
Profit (loss)
after tax
Income from ordinary operations
76,102
(21,248)
54,854
Non-recurring operating expenses and revenues
9,336
187
9,523
Employee profit-sharing
(3,895)
1,391
(2,504)
Tax credits
74
74
CVAE (Tax on Companies’ Added Value)
(4,675)
(4,675)
Income from assets held for sale for LISI COSMETICS
805
805
Profit (loss) for the period
81,543
(24,270)
A
805
58,078
(A) of which taxes due: €-19,983k
of which deferred taxes: €+241k
of which tax credits: €+147k
of which CVAE (Tax on Companies’ Added Value): €-4,675k
2.6.8.2 Proof of Tax
(In €’000)
Theoretic rate (on the basis of the French rate)
36.10%
Theoretic tax (on the basis of the French rate)
26,697
Total theoretic tax
26,697
Tax exemption of foreign companies
(313)
DTA not activated
682
Tax credits of French subsidiaries
–
Tax credit
(147)
Tax rate differentials on overseas subsidiaries
(724)
Use of tax losses from prior years
(769)
Deferred taxes recorded for the period
(2,429)
Tax consolidation bonuses
(1,243)
Non deductible dividends
395
Change in inventory valuation method
(807)
Gains from the disposal of LISI COSMETICS
(1,381)
Other
(365)
Recognized taxation
19,596
Apparent rate
29.71%
2.6.8.3 Tax rates applied by LISI Group companies
2011
2010
Germany
30.00% 30.00%
UK
28.00% 28.00%
Canada
34.12% 34.12%
Spain
30.00% 30.00%
USA
40.00% 40.00%
France
36.10% 34.43%
Czech Republic
19.00% 19.00%
China
25.00% 25.00%
2.6.9 Earnings per share
Earnings per share calculations are shown in paragraph 2.2.19.6.
The tables below indicate the reconciliation between the non diluted
and the diluted earnings per share.
2011
(In €’000)
Profit (loss)
for the
period
Number
of shares
Net earnings
per shares
in €
Total stocks
10,786,494
Treasury shares
(399,840)
Basic earnings per share
58,225 10,386,654 5.61
Diluted earnings per share
58,225 10,386,654 5.61
2010
(In €’000)
Profit (loss)
for the
period
Number
of shares
Net earnings
per shares
in €
Total stocks
10,775,616
Treasury shares
(446,743)
Basic earnings per share
32,925 10,328,873 3.19
Diluted earnings per share
32,925 10,328,873 3.19
2.7
Additional information
2.7.1 Segment information
The Group’s business is broken down between three markets that
include the following 3 operational sectors (divisions):
– the LISI AEROSPACE division which includes business in the
aerospace market,
– the LISI AUTOMOTIVE division, which brings together all activities in
the automotive market,
– the LISI MEDICAL division, which includes business in the medical
market.
The “others” heading mainly consists of the holding company LISI S.A.
and disposals.