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2.6.7
I
Financial result (income)
(in thousands of euros)
12/31/2018
12/31/2017
Financing expenses and revenue on cash
Revenue on cash
3,263
2,697
Impact of the change in fair value of positive interest rate hedges
199
747
Impact of the change in fair value of negative interest rate hedges
(80)
Financing expenses
(5,885)
(5,866)
Subtotal income from cash and cash equivalents
(2,503)
(2,421)
Other interest revenue and expenses
Foreign exchange gains
42,635
46,980
Foreign exchange losses
(29,966)
(79,390)
Impact of the change in fair value of currency hedges
(4,084)
13,872
Other
(738)
(628)
Subtotal other interest revenue and expenses
7,846
(19,166)
Financial result (income)
5,343
(21,587)
The increase in financial income compared to 2017 is mainly due to the rise in the exchange rate income mainly due to the change in the US dollar.
2.6.8
I
Corporation tax
2.6.8.1 - Income tax breakdown
Breakdown (in thousands of euros)
Pre-tax
earnings
Tax*
Profit (loss)
after tax
Current profit (loss)
142,925
(30,750)
112,174
Non-recurring operating expenses and revenues
(10,268)
3,674
(6,595)
Employee profit-sharing
(2,024)
693
(1,331)
Tax credits
(16)
(16)
CVAE (Tax on companies’ added value)
(7,441)
(7,441)
Profit (loss) for the period
130,633
(33,840)
96,794
of which taxes due: €-22,343 thousand
of which deferred taxes: €–2,333 thousand
of which withholding tax on profits received from abroad: €-1,701 thousand
of which tax credits: €-16 thousand
of which CVAE (Tax on companies’ added value): €-7,441 thousand
65 LISI 2018 FINANCIAL REPORT CONSOLIDATED FINANCIAL STATEMENTS 3