Read the Registration Document - Guerbet

Note 16 – Staff costs2012 2011Salaries and wages (46,608) (44,422)Social security charges (21,065) (20,157)Total (67,673) (64,579)Note 17 – Net financial income/(expense)2012 2011Dividends - 3,010Interest income/(expense) (879) (1,306)Currency gains/(losses) (454) (3,329)Net provisions on investments 362 (3,994)Cancellation of debt - -Other 128 170Total (843) (5,449)Note 18 – Exceptional profit (loss)2012 2011Waiver of Medex debt 1 (4,553) -Net charges on regulated provisions (4,950) (6,164)Net gains from the retirement of assets (1,787) (469)Indemnity received for breach of contract 1,195 -Other 196 (330)Total (9,899) (6,963)Note 19 – Income taxSince 1988, the Group has opted for filing under the French tax-sharing provisions for tax groups. The taxgroup includes Guerbet and Simafex.The tax charges are recorded by the consolidated companies (subsidiaries and parent company) as in theabsence of tax-sharing provisions. Savings achieved by the Group unrelated to losses (adjustments relatedto certain intercompany transactions) are passed on to the parent company and recorded by the latter asincome. Research and tax credits are re-allocated to the companies that produced them. Tax savingsresulting from tax losses of subsidiaries are also re-allocated in their favour by applying them to future taxearnings.The total tax profit at the standard rate of the French tax group for fiscal 2012 was €14.34 million. The taxcharge of the French tax group totalled €1.74 million after the application of tax credits including a researchtax credit of €3.37 million. Because the tax charge owed by the French tax group is lower than the amountof tax credits, tax receivable of €4.23 million for research tax credits is recorded under "Other tradereceivables".1 This waiver is accompanied by a financial recovery clause.128