to download the 2012 registration document. - Groupe M6

2012 FINANCIAL STATEMENTS AND RELATED NOTES11. Income taxMétropole Télévision has declared itself as the parent company of a tax consolidation group, pursuant tothe provisions of Articles 223-a and subsequent of the General Tax Code, as of 1 January 1988.All French registered Group companies that are subject to income tax and are more than 95%continuously owned directly or indirectly by Métropole Télévision are members of the tax consolidationgroup.The main components of income tax are as follows:2012 2011Income tax payable:Tax charge for the year (83.5) (87.7)Deferred tax:Creation and reversal of temporary differences (6.7) (7.2)Total (90.2) (94.9)The deferred tax rate used for 2012 was 36.1% (unchanged from 2011) for temporary differences that willbe reversed until 31 December 2015. After that date, temporary differences will revert to the rate of34.43%.Deferred tax directly taken to equity (other comprehensive income) was as follows:2012 Change 2011Revaluation to fair value of foreign exchange contracts (cash flow hedges) 0.1 0.4 (0.3)Revaluation to fair value of assets available for sale (1.1) 2.9 (4.0)IAS 19 actuarial gains and losses (0.5) (0.7) 0.2Treasury share forward purchase 1.2 (2.0) 3.2Total (0.4) 0.6 (0.9)The reconciliation between the income tax charge calculated by applying the applicable rate to profitbefore tax and the charge calculated by applying the Group’s actual tax rate is as follows:2012 2011Net profit - Group share 140.2 149.6Non-controlling interests (0.0) 0.0Income tax (90.2) (94.9)Share of profit (loss) of associates - (0.1)Goodwill impairment (11.2) (2.5)Cost of stock options and free shares (IFRS 2) (4.8) (6.6)Profit before tax, share of profit of associates, goodwill impairment and IFRS 2 expenses 246.3 253.7Theoretical tax rate 36.10% 36.10%Theoretical tax charge (88.9) (91.6)Reconciling items:C.V.A.E. tax (1) (6.4) (6.4)Impact relating to the exit of one company from the tax pooling - 1.6Impact relating to the change in income tax rate 0.2 0.5Impact relating to foreign tax rates (2) 5.3 -Other differences (3) (0.4) 1.0Effective tax charge (90.2) (94.9)Effective tax rate 36.61% 37.39%The income tax rate applicable to the Group during the financial year was 36.1%, unchanged from 2011.M6 GROUP - 2012 REGISTRATION DOCUMENT - 183