ourexpertise - Crédit Agricole CIB

4CONSOLIDATED FINANCIAL STATEMENTS4.9 Net gains/(losses) on other assets€ million 31.12.2010 31.12.2009Property, plant and equipment and intangible assets 1 2Gains 1 4Losses (2)Consolidated equity investments (14) 20Gains 5 21Losses (19) (1)Net gains/(losses) on other assets (13) 224.10 Income taxTax charge€ million 31.12.2010 31.12.2009Current tax income (charge) 861 (149)Deferred tax income (charge) (1,170) 530Tax income (charge) for the period (309) 381Reconciliation of theoretical tax rate and effective tax rate• At 31 December 2010€ million Basis Tax rate Tax amountIncome before tax, goodwill impairment and share of net income ofequity affiliates1,212 34.43% (417)Impact of permanent timing differences 1.98% (24)Impact of different rates on foreign subsidiaries -7.01% 85Impact of losses for the year, utilisation of tax loss carry forwards and timingdifferences-5.61% 68Impact of reduced rate tax -0.08% 1Impact of other items 1.82% (22)Effective tax rate and tax charge 25.53% (309)The theoretical tax rate is the tax rate applicable under ordinary law (including the additional social contribution) to taxable profi ts in Francefor the year ended 31 December 2010.• At 31 December 2009€ million Basis Tax rate Tax amountIncome before tax. goodwill impairment and share of net income ofequity affiliates(790) 34.43% 272Impact of permanent timing differences 0.13% 1Impact of different rates on foreign subsidiaries 17.97% 142Impact of losses for the year. utilisation of tax loss carry forwards and timingdifferences-6.84% (54)Impact of reduced rate tax 0.63% 5Impact of other items 1.90% 15Effective tax rate and tax charge 48.22% 381182SHELF-REGISTRATION DOCUMENT CRÉDIT AGRICOLE CIB 2010