2007 Reference document (PDF) - Valeo

3.6.2. Effective tax rate
The effective Group tax rate for 2007 was 37%, versus 32% in 2006 and 29% in 2005.
(% of income before tax)
Consolidated fi nancial statements at December 31, 2007
Notes to consolidated financial statements
2007 2006
As restated
2005
As restated
Standard tax rate in France
Impact of:
(34.4) (34.4) (34.9)
▪ income taxed at other rates
12.9 8.2 6.8
▪ unused tax losses (current year) and unrecognized deferred tax assets
(37.1) (21.6) (20.0)
▪ utilization of prior-year tax losses
0.1 5.6 5.7
▪ permanent differences between book income and taxable income
16.5 7.3 4.9
▪ tax credits
4.8 3.4 8.7
Effective Group tax rate (37.2) (31.5) (28.8)
3.7. Earnings per share
3.7.1. Basic earnings per share
2007 2006
As restated
2005
As restated
Net income attributable to equity holders of the Company (in millions of euros) 81 161 142
Weighted average number of shares outstanding (in thousands of shares) 76,951 76,795 79,320
Basic earnings per share (in euros) 1.06 2.10 1.80
3.7.2. Diluted earnings per share
< Contents >
2007 2006
As restated
2005
As restated
Net income attributable to equity holders of the Company (in millions of euros) 81 161 142
Weighted average number of shares outstanding (in thousands of shares) 76,951 76,795 79,320
Stock options (in thousands of options)
Weighted average number of shares used for the calculation of diluted earnings
445 199 330
per share (in thousands of shares) 77,396 76,994 79,650
Diluted earnings per share (in euros) 1.05 2.09 1.79
2007 Reference document - VALEO
3
PAGE 99
1
2
3
4
5
6