Basic HTML Version
LISI 2011 —
78
— financial report
Company financial statements
3.2.5 Provisions for impairment of short-term assets
(In €’000)
Opening balance Provisions for period Reversals for period
Closing balance
Provisions for impairment
344
44
(344)
44
Total
344
44
(344)
44
3.2.6 Provisions for risks and charges
(In €’000)
Amount
Provisions for period
Reversals
for period used
Closing balance
Provision for environmental risks
100
807
(100)
807
Provision for long service medals
6
(1)
5
Provisions for charges
450
450
Provision for stock options and the allocation
of free shares
3,513
510
(2,848)
1,175
Total
3,619
1,767
(2,949)
2,439
The provision for environmental risks covers the handling, by LISI S.A.,
of the cleaning work on a plot of land following reorganization of the
site.
Provisions for chargesmainly cover the setting up of a project designed
to reduce the number of accidents at work.
3.3
Detail of main income statement items
3.3.1 Financial income from investments
(In €’000)
Amounts
Dividends received from subsidiaries
10,993
Dividends received outside the group
–
Interest from loans to subsidiaries
1,756
Total
12,749
3.3.2 Breakdown of corporation tax
(In €’000)
Profit (loss)
current
Profit (loss)
non-recurring
Profit (loss)
value
Pre-tax earnings
12,963
4,368
17,331
Income tax
(465)
(179)
(643)
Tax credits, Minimum
Income Tax &
miscellaneous
14
14
Tax integration taxes
2,608
2,608
Net earnings
15,119
4,189
19,309
The LISI Group benefits from the tax consolidation regime, which
covers all its French subsidiaries. The tax consolidation agreement
stipulates that tax gains should be retained at the parent company
level. The overall amount of corporate income tax at December 31,
2011 is a tax income.
With effect from 2011, LISI SA, in its capacity as the tax consolidating
company, bears the additional contribution of 5% applicable to
companies whose sales revenues are greater than €250m. The
additional tax charge in this respect for 2011 was €0.5m.