68 / 164
CONSOLIDATED FINANCIAL STATEMENTS
68
LISI 2015 FINANCIAL REPORT
2.7.7 Non-operating profit
(in €'000)
12/31/2015
12/31/2014
Financing expenses and revenue on cash
Revenue on cash
600
568
Impact of the change in fair value of positive interest rate hedges
383
239
Impact of the change in fair value of negative interest rate hedges
(8)
(1,819)
Financing expenses
(7,138)
(5,397)
Subtotal income from cash and cash equivalents
(6,163)
(6,410)
Other interest revenue and expenses
Foreign exchange gains
34,802
28,285
Foreign exchange losses
(37,277)
(22,809)
Impact of the change in fair value of positive currency hedges
664
Impact of the change in fair value of negative currency hedges
(7,242)
(3,263)
Other
(766)
(649)
Financial income and expenses
(9,819)
1,563
Non-operating profit
(15,981)
(4,847)
The Group's exposure to currencies other than the euro, and
the US dollar in particular, rose sharply, which required it to use
hedging instruments for part of the next four financial years.
The change in the fair value of these instruments led to a €6.5 M
charge in 2015.
2.7.8 Income tax
2.7.8.1 Income tax breakdown
Breakdown
(in €'000)
Profit (loss)
before tax
Tax*
Share of net
income of
companies
accounted for by
the equity method
Profit (loss)
after tax
Current profit (loss)
134,856
(39,244)
95,612
Share of net income of companies accounted for by the
equity method
(71)
(71)
Non-recurring operating expenses and revenues
(5,840)
2,108
(3,731)
Employee profit-sharing
(4,343)
1,568
(2,775)
Tax credits
45
45
CVAE (Tax on companies’ added value)
(7,219)
(7,219)
Profit (loss) for the period
124,671
(42,741)
(71)
81,859
* of which taxes due: -€25,012 k
of which deferred taxes: -€10,554 k
of which tax credits: +€44 k
of which CVAE (Tax on Companies’ Added Value): -€7,219 k