FINANCIAL REPORT 2015

2.6.9.2. Reconciliation of theoretical tax rate and effective tax rate

31.12.2015

(in thousands of euros)

Base

Tax rate

Tax

Income before tax, goodwill impairment, discontinued operations and share of profit in equity-accounted entities

164 933

38.00%

-62 675

Impact of permanent differences

-4 153

Impact of different tax rates on foreign subsidiaries

9 590

Impact of losses of the year, utilisation of tax loss carryforwards and temporary differences

-12 486

Impact of reduced tax rate

13 155

Impact of other items

6 006

EFFECTIVE TAX RATE AND TAX EXPENSE

30,66%

-50 563

31.12.2014 Restated (1)

(in thousands of euros)

Base

Tax rate

Tax

Income before tax, goodwill impairment, discontinued operations and share of profit in equity-accounted entities

150 854

38.00%

-57 324

Impact of permanent differences

-12 585

Impact of different tax rates on foreign subsidiaries

8 458

Impact of losses of the year, utilisation of tax loss carryforwards and temporary differences

-202

Impact of reduced tax rate

24 588

Impact of other items

-3 661

EFFECTIVE TAX RATE AND TAX EXPENSE

27,00% -40 726

(1) Restated amounts compared with the financial statements published in 2014, following the application of IFRIC 21

2.7. NOTES TO THE BALANCE SHEET

2.7.1.

CASH DUE FROM CENTRAL BANKS

31.12.2015

31.12.2014 Restated (1)

(in thousands of euros)

Assets

Liabilities

Assets

Liabilities

Cash

4

5

Central Banks (2)

384 366

185 273

CARRYING AMOUNT

384 370

0

185 278

0

(1) Restated amounts compared with the financial statements published in 2014, following the application of IFRIC 21 (2) Accrued interest included

2.7.2. FINANCIAL ASSETS AND LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS Financial assets at fair value through profit or loss

(in thousands of euros)

31.12.2015

31.12.2014 Restated (1)

Financial assets held for trading

339 042

504 884

CARRYING AMOUNT

339 042

504 884

(1) Restated amounts compared with the financial statements published in 2014, following the application of IFRIC 21

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