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Read the Registration Document - Guerbet

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Note 18 – O<strong>the</strong>r current operating income and expenses2012 2011Royalty payments (1,058) (777)O<strong>the</strong>r miscellaneous income and expenses 4,277 (876)Proceeds from <strong>the</strong> disposal of fixed assets (1,880) -Total 1,339 (1,653)O<strong>the</strong>r miscellaneous income and expenses include a business interruption insurance payment of€3,277,000 and a €1,195,000 payment related to a production shutdown for Lumirem.Note 19 – O<strong>the</strong>r operating income and expenses2012 2011Investment grants - 74O<strong>the</strong>r miscellaneous income and expenses (94) (90)Total (94) (16)Note 20 – Finance costs2012 2011Capital leases (215) (189)Securitisation (184) (371)Interest from borrowings and current bank lines (1,958) (2,167)Interest-rate swaps (1,635) (1,524)Total (3,992) (4,251)Note 21 – Corporate income tax21.1 – Breakdown between current and deferred income tax2012 2011Current tax (4,060) (3,024)Deferred tax (3,269) (518)Total (7,329) (3,542)21.2 – Analysis of <strong>the</strong> tax charge2012 2011Theoretical tax charge for <strong>the</strong> consolidated company at applicable tax rate 1 (10,010) (6,471)Impact of different tax rates 1,374 698Impact of permanent non-deductible or tax-exempt expenses (2,087) (1,426)Impact of tax credits 3,450 3,675Impact of deferred taxes on unrecognised losses and misc. (56) (18)Total (7,329) (3,542)1 The tax rate applied for <strong>the</strong> two periods is 36.10%.104

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