ANNUAL REPORT 2011 REGISTRATION DOCUMENT - Saft

7 Notes
PARENT COMPANY CERTIFIED FINANCIAL STATEMENTS
to the Parent Company Financial Statements
NOTE 12 BREAKDOWN OF INCOME TAX
Corporate income tax can be broken down as follows:
190 / SAFT - ANNUAL REPORT 2011
Tax base Rate Tax
Income/(loss) from ordinary activities 30,963 33.33 (1,036)
Income/(loss) from non-current activities (292) - 1,387
NET INCOME FOR THE FINANCIAL YEAR 30,671 - 351
NOTE 13 CHANGES IN SHAREHOLDERS’ EQUITY
Change in shareholder’s equity during fi nancial year 2011 was as follows (in euros):
(in euros) 01/01/2011
Appropriation of
2010 earnings
Dividend
paid
Capital
increases
Result of
the period 31/12/2011
Share capital 25,125,840 - - 49,005 - 25,174,845
Additional paid-in capital 294,215,191 - - 1,097,748 - 295,312,939
Statutory reserve 2,468,409 44,175 - - - 2,512,584
Special reserve
on long-term capital gains 0 - - - - -
Other reserves 0 - - - - -
Retained earnings 13,339,600 11,365,903 (17,586,357) - - 7,119,146
Net income/(loss) for the year 11,410,078 (11,410,078) - - 31,022,193 31,022,193
Tax-regulated provisions 0 - - - - -
TOTAL 346,559,118 0 (17,586,357) 1,146,753 31,022,193 361,141,707
NOTE 14 FINANCIAL POSITION WITH AFFILIATES AS OF 31 DECEMBER 2011
Balance sheet and income statement items relating to transactions with affi liates can be analysed as follows at 2011 year-end:
Amount
Balance sheet
Trade receivables 0
Shareholder advances to subsidiaries and affi liates – assets 40,906
Shareholder advances to subsidiaries and affi liates – debts (10,004)
Income statement
Income from investments in subsidiaries 29,500
Interest revenue 288
Interest expenses -