Consolidated financial statements
1
3
64
I
LISI 2014FINANCIALREPORT
2.6.8.2Proofof tax
(in€'000)
12/31/14
%
RN
81.4
Shareof income (loss) fromMEE
0.0
Recorded income tax (income tax+income tax
credit+ID+CVAE)
42.6
Profit (loss)before incometax
124.0
Parent companystandard rate
36.10%
Theoretic incometax/rateat36.10%
44.76 105.09%
Difference
Shareofnondeductibleexpenses
1.23 2.9%
Deltacentral rate / local rates
(5.43) (12.7%)
Taxcredit
(0.11)
(0.3%)
Activitiesnot subject to taxation
(0.77)
(1.8%)
Eliminationofdual taxationofdividends
2.31 5.4%
Income frompriorperiods
0.63 1.5%
Unused tax losses
0.68 1.6%
Tax losscarryforwardsunrecognized inN-1
(0.47)
(1.1%)
TaxconsolidationFrance
0.87 2.0%
Foreign taxconsolidation
(0.01)
0.0%
CIR
(1.13)
(2.6%)
CVAE (TAXONCOMPANIES’ADDEDVALUE)
(3.09)
(7.3%)
CICE
4.36 10.2%
3% taxonLISISAdividends
0.53 1.3%
Permanentdifferences
(1.86)
(4.4%)
Other
0.10 0.2%
Incometaxrecordedtothe incomestatement
(incl.CVAE)
42.6 100.0%
Effectivetaxrate (taxexpense inthe income
statementasaratioofpre-tax income)
34.36%
The tax charge, calculated on the basis of the corporation tax as a
percentageof thenet incomebefore taxes, reflectsaneffectiveaverage
rateoftaxof34.4%, slightlyupcomparedwith2013 (33.2%).
2.6.8.3TaxratesappliedbyLISIGroupcompanies
2014
2013
Germany
30.00% 30.00%
UK
23.00% 23.00%
Belgium
34.0%
NA
Canada
26.9% 26.9%
Spain
30.00% 30.00%
USA*
40.00% 40.00%
France
36.10% 36.10%
CzechRepublic
19.00% 19.00%
China
25.00% 25.00%
* including local taxes.
2.6.9Earningspershare
Earningspersharecalculationsareshown inparagraph2.2.1.8.6.
Thetablesbelowindicatethereconciliationbetweenthenon-dilutedand
thedilutedearningspershare.
TheelementsrelativetoDecember31,2013havebeenrestatedduetothe
1:5stocksplitconducted in2014.
12/31/14
(in€'000)
Profit
(loss)
for the
period
Number
of shares
Net
earnings
per
shares
in€
Total stocks
54,023,875
Treasuryshares
(1,442,328)
Basicearningspershare
81,386 52,581,547
1.55
Dilutedearningspershare
81,386 52,581,547
1.55
12/31/13 adjusted
(in€'000)
Profit
(loss)
for the
period
Number
of shares
Net
earnings
per
shares
in€
Total stocks
53,932,470
Treasuryshares
(1,521,570)
Basicearningspershare
74,639 52,410,900
1.42
Dilutedearningspershare
74,639 52,410,900
1.42
2.7
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ADDITIONAL INFORMATION
2.7.1Segmentinformation
TheGroup’sbusiness isbrokendownbetweenthreemarketsthat include
the following3operationalsectors (divisions):
■■
TheLISIAEROSPACEDivision,whichbrings togetherall activities in the
aerospacemarket,
■■
The LISI AUTOMOTIVEDivision, whichbrings together all activities in
theautomotivemarket,
■■
The LISI MEDICAL Division, which brings together all activities in the
medicalmarket.
The "Others" headingmainly consists of theholding company LISI S.A.
anddisposals.
