LISI 2012 FINANCIAL REPORT
61
3
Consolidated financial statements
2.6.7 Non-operating profit
(in €'000)
2012
2011
Financing expenses and revenue on cash
Revenue on cash
1,006
658
Impact of the change in fair value of interest rate hedges
(841)
(472)
Financing expenses
(3,831)
(4,587)
Subtotal income from cash and cash equivalents
(3,664)
(4,401)
Other interest revenue and expenses
Foreign exchange gains
14,182
9,936
Foreign exchange losses
(13,035)
(8,354)
Impact of the change in fair value of interest rate hedges
1,231
Other
(1,084)
6
Financial income and expenses
1,295
1,588
Non-operating profit
(2,369)
(2,814)
Financial income consists on the one hand of the cost of funding
for -€3.7 million, which shows nearly €1 million of savings
resulting from the drop in rates on the unhedged portion, from
the effect of exchange rate changes for +€2.3 million including
a positive effect of currency hedges for €1.2 million, and on the
other hand of the effect of interest rate swaps for -€1 million.
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
103,120
(28,401)
74,719
Non-recurring operating expenses and revenues
(9,220)
318
(8,902)
Employee profit-sharing
(5,070)
1,826
(3,245)
Tax credits
139
139
CVAE (TAX ON COMPANIES’ ADDED VALUE)
(5,596)
(5,596)
Profit (loss) for the period
88,830
(31,715)
57,115
of which taxes due: - €28,224K
of which deferred taxes: + €1,966K
of which tax credits: + €139K
of which CVAE (Tax on Companies’ Added Value): - €5,596K
