ANNUAL REPORT 2011 REGISTRATION DOCUMENT - Saft

6
2011 CONSOLIDATED FINANCIAL STATEMENTS
Notes to the Consolidated Financial Statements
Movements in net deferred tax are shown in the table below:
(in € million)
At 01/01/2009 (53.5)
Deferred tax expense recognised in income statement (2.4)
Deferred tax income recognised in equity (2.7)
Translation adjustment (0.3)
At 31/12/2009 (58.9)
Deferred tax income recognised in income statement 2.5
Deferred tax income recognised in equity 5.7
Translation adjustment (2.7)
At 31/12/2010 (53.4)
Deferred tax expense recognised in income statement (12.1)
Deferred tax expense recognised in equity 2.3
Translation adjustment (2.0)
AT 31/12/2011 (65.1)
At 31 December 2011, unrecognised deferred tax assets
(taxable basis amounts) amount to €13.6 million as against
€20.5 million at 31 December 2010. These losses relate
mainly to Friemann und Wolf Batterietechnik GmbH in
Germany and to Saft Groupe SA in France.
NOTE 28 EARNINGS PER SHARE
27.4 INCOME TAX RISKS
Regular tax audits are carried out on the Group by the tax
authorities of the countries in which it is established. As of the
date hereof, Saft does not have any information to the effect
that the tax audits in process, which have not yet led to any tax
reassessments, could have a material impact on the Group’s
fi nancial position.
Earnings per share are calculated on the basis of the average number of Saft Groupe SA shares in issue during the year, treasury
shares held on average over the same period being deducted.
2011 2010 2009
Weighted average outstanding number of Saft Groupe SA ordinary shares 25,153,229 24,920,115 19,017,831
Less average number of treasury shares held (66,493) (54,259) (43,550)
Number of shares used to compute basic earnings per share 25,086,737 24,865,856 18,974,281
Effect of potential dilutive ordinary shares: unexercised stock options 123,682 225,837 60,373
Number of shares used to compute diluted earnings per share 25,210,419 25,091,693 19,034,654
The calculation of earnings per share is presented with the Group’s consolidated income statement.
SAFT - ANNUAL REPORT 2011 / 175