LISI GROUP - 2018 Financial report

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2.5.7 IDeferred taxes
The deferred taxes of the French companies were revalued to take into account the article of the Finance Act for 2018 for the progressive reduction
of corporation tax to 25%.
(in thousands of euros) 12/31/2018 12/31/2017
Deferred tax assets 11,894 8,568
Deferred tax liabilities (37,745) (40,747)
Net deferred taxes (25,851) (32,179)
Non-recognized deferred tax assets:
The Company does not recognize its deferred tax assetswhenever it has
no sufficient assurance that it will recover carried forward deficits and
tax credits. Deferred tax assets are only recognized if their recovery is
probable. The losses brought forward that were not recognized in the
balance sheet as of December 31, 2018 would generate deferred tax
assets of €19.4million, compared to €17.9 million in 2017.
Deferred tax assets by early recoverability as at December 31, 2018
- 1 year 1 to 5 years +5 years Total
5,021 3,650 3,223 11,894
2.6 IDetail of main income statement items
2.6.1 ISales revenue
The breakdown of sales revenues by business segment and country is shown in note 2.7.1. “Segment information”.
2.6.2 IConsumed goods
(in thousands of euros)
LISI
AEROSPACE
LISI
AUTOMOTIVE
LISI
MEDICAL Other
Total
2018
TOTAL
2017
Consumption of goods 5,295 23,588 3,979 (253) 32,609 30,240
Consumption of rawmaterials 181,469 115,275 16,283 (2) 313,025 291,158
Tools 35,810 25,447 7,308 (27) 68,538 72,847
Other purchases 29,926 17,790 2,514 22 50,252 48,873
Total consumption 252,500 182,100 30,084 (260) 464,424 443,119
2.6.3 IOther purchases and external expenses
(in thousands of euros)
LISI
AEROSPACE
LISI
AUTOMOTIVE
LISI
MEDICAL Other
Total
2018
TOTAL
2017
Subcontracting 57,315 51,205 8,326 0 116,846 112,383
Maintenance 32,492 25,801 4,806 1,536 64,635 62,880
Freight 9,833 13,628 909 0 24,370 23,893
Energy 16,659 14,561 1,755 13 32,988 34,676
Other purchases and external costs 78,860 33,823 7,321 (6,358) 113,646 104,500
Total other purchases and external costs 195,159 139,018 23,117 (4,809) 352,485 338,332
2.6.4 IPayroll expenses
(in thousands of euros)
LISI
AEROSPACE
LISI
AUTOMOTIVE
LISI
MEDICAL Other
Total
2018
TOTAL
2017
Temporary workers 24,069 10,404 2,617 (269) 36,821 41,527
Salaries and incentives 243,059 141,143 46,371 3,320 433,893 415,212
Layoff pay 2,185 1,276 118 174 3,753 3,085
Social contributions and taxes on salaries 92,661 51,052 17,029 1,151 161,893 154,085
Employee profit-sharing 1,673 247 105 0 2,025 3,814
Pensions and long-servicemedals 1,013 487 164 0 1,664 1,612
Total payroll expenses 364,660 204,609 66,404 4,376 640,048 619,333