Annual report 2001 - GL events

74 75
Breakdown of the corporate Taxable profit Corresponding Effective Net profit
tax charge between operational or loss tax charge tax rate or loss
and exceptional profit / (loss) K€ K€ K€ K€
Income before exceptional items but after
employee profit sharing for French companies 12 802 4 107 32.08% 8 695
Income before exceptional items but after
employee profit sharing for foreign companies 1 589 394 24.80% 1 195
Exceptional profit or loss 98 149 151.89% (51)
Income before profit of companies consolidated
under the equity method and amortization
of goodwill 14 490 4 650 32.09% 9 840
Amortization of goodwill and share in profit of
companies consolidated under the equity method (162) (162)
Total group + minorities 14 328 4 650 32.46% 9 678
Tax assets and tax liabilities deferred by nature :
2001 2000 Mvts/Scope Profits or
(charges) 2001
K€ K€ K€ K€
Deferred tax assets 1 405 1 178
Deferred tax liabilities (152) (650)
Net deferred tax assets (liabilities) 1 254 528
The principal deferred tax assets and liabilities are itemized as follows :
Deferred depreciation 163 227 165 (230)
Carried forward losses 235 108 15 112
Provisions 154 225 42 (113)
Capital leases (188) (917) 464 265
Deferred charges (105) (73) (33)
Retirement post benefits 470 587 18 (135)
Organic taxes 124 108 11 5
Employee profit sharing 244 263 63 (82)
Others 157 160 (2)
Total 1 254 528 938 (212)
The Group’s global amount of the carried forward losses and
the gross deferred depreciations not taken into account in
the calculation of the deferred taxes comes to K€ 2 305,
representing an unrecognized deferred tax of K€ 633
considering a tax rate of 16% for the subsidiaries
GL Furniture Asia and GL Hong Kong, of 35.33% for the other
subsidiaries.
Note 13
Accrued liabilities
2001 2000
K€ K€
Prepayment 2 304 3 962
Deferred charges 0 0
Allocated charges 673 201
Translation differences 11 10
Total 2 987 4 173