Consolidated financial statements
1
3
LISI 2014FINANCIALREPORT
I
63
2.6.7Non-operatingprofit
(in€'000)
12/31/14
12/31/13
Financingexpensesand revenueoncash
Revenueoncash
568
694
Impactof thechange in fairvalueof interest ratehedges
239
1,254
Impactof thechange in fairvalueof interest ratehedges
(1,819)
Financingexpenses
(5,397)
(3,258)
Subtotal income fromcashandcashequivalents
(6,410)
(1,310)
Other interest revenueandexpenses
Foreignexchangegains
28,285
12,676
Foreignexchange losses
(22,809)
(13,955)
Impactof thechange in fairvalueof interest ratehedges
(3,263)
(408)
Other
(649)
(817)
Financial incomeandexpenses
1,563
(2,504)
Non-operatingprofit
(4,847)
(3,814)
The financial net income of - € 4.8M comprises, on the one hand, the
cost of financing for - € 4.6M - namely an average cost of debt of 2%
- up compared to 2013 due to the raising of credit lines following the
acquisition of theManoir Group and, on the other hand, the effect of
currency variations: over the year, they generated a gain of + € 2.2M,
comparedwitha lossof-€1.7M in2013.
2.6.8Incometax
2.6.8.1 Income taxbreakdown
Breakdown
(In€'000)
Profit (loss)
before tax
Tax*
Share of net
income of
companies
accounted for
by the equity
method
Profit (loss)
after tax
Income fromordinaryoperations
132,450
(39,004)
93,446
Shareofnet incomeof companiesaccounted forby theequity
method
31
31
Non-recurringoperatingexpensesand revenues
(2,796)
1,097
(1,699)
Employeeprofit-sharing
(5,619)
2,028
(3,591)
Taxcredits
114
114
CVAE (TAXONCOMPANIES’ADDEDVALUE)
(6,823)
(6,823)
Profit (loss)fortheperiod
124,035
(42,587)
31
81,479
* ofwhichtaxesdue: -€36,195K
ofwhichdeferredtaxes :+€317K
ofwhichtaxcredits:+€114K
ofwhichCVAE (TaxonCompanies’AddedValue): -€6,823K
