LISI GROUP - 2016 Financial report

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LISI 2016 FINANCIAL REPORT 61
2.5.7 I Deferred taxes
The Group discounted the rate of deferred taxes to take account
of the article in the Finance Act 2017 on the gradual reduction of
corporation tax to 28% for deferred taxes showing a definite schedule
of payments.
(in €’000) 12/31/2016 12/31/2015
Deferred tax assets 19,075 19,838
Deferred tax liabilities (33,376) (31,527)
Net deferred taxes (14,301) (11,689)
Non-recognized deferred tax assets:
The Company does not recognize its deferred tax assets whenever it
has no sufficient assurance that it will recover carried forward deficits
and tax credits. The deferred tax assets are recognized only if their
recovery is probable. For information, the brought forward losses not
recognized in the balance sheet at December 31, 2016 would generate
deferred tax assets of €18.9 million.
Deferred tax assets by early recoverability horizon
as at December 31, 2016
–1 year 1 to 5 years +5 years Total
652 15,115 3,309 19,075
2.6 I DETAIL OF MAIN INCOME STATEMENT ITEMS
2.6.1 I Sales revenue
The breakdown of sales revenues by business segment and country is shown in note 2.8.1. “Segment information”.
2.6.2 I Consumed goods
(in €’000)
LISI
AEROSPACE
LISI
AUTOMOTIVE
LISI
MEDICAL Other
TOTAL
2016
TOTAL
2015
Consumption of goods 7,294 18,788 3,149 (303) 28,928 31,492
Consumption of raw materials 181,885 76,385 16,153 (7) 274,416 258,379
Tools 36,490 21,818 6,664 (23) 64,949 63,517
Other purchases 28,018 16,573 1,536 16 46,143 44,825
TOTAL CONSUMPTION 253,687 133,564 27,502 (317) 414,436 398,213
2.6.3 I Other purchases and external expenses
(in €’000)
LISI
AEROSPACE
LISI
AUTOMOTIVE
LISI
MEDICAL Other
TOTAL
2016
TOTAL
2015
Subcontracting 61,701 39,236 6,826 0 107,763 93,416
Maintenance 35,168 20,280 4,390 678 60,516 58,086
Transport 11,328 10,765 925 1 23,019 24,211
Energy 18,755 13,971 1,768 12 34,506 35,879
Other purchases and external costs 74,693 25,036 6,768 (6,342) 100,154 96,824
TOTAL OTHER PURCHASES AND EXTERNAL COSTS 201,645 109,288 20,677 (5,651) 325,957 308,415
CONSOLIDATED FINANCIAL STATEMENTS 3