2006 - Interparfums

4.4
Administrative expenses
In € thousands 2005 2006
Purchases and external costs (2,568) (2,219)
Staff costs (1,834) (2,370)
Taxes and related expenses (893) (347)
Other administrative expenses (1,323) (1,589)
Total administrative expenses (6,618) (6,525)
4.5
Net financial expense
In € thousands 2005 2006
Interest income 384 995
Currency gains (losses) (357) 140
Interest and similar expenses (892) (1,223)
Other financial income and expense 11 19
Net financial expense (854) (69)
4.6
Income taxes
4.6.1 Analysis of income taxes
In € thousands 2005 2006
Current income tax (9,835) (10,231)
Deferred tax arising from timing differences 507 272
Deferred tax arising from consolidation adjustments 405 (649)
Total income taxes (8,923) (10,608)
4.6.2 Reconciliation of the effective tax expense and theoretical tax expense
The difference between the effective tax recorded and the theoretical tax expense calculated by applying the tax rate of 35.4%
applicable for fiscal 2005 and 2006 to pretax income reflects the following:
In € thousands 2005 2006
Tax base 25,059 29,113
Theoretical tax calculated at the standard rate 8,746 10,024
Tax credit and income taxable at lower rates - -
Effect of tax rate change on deferred taxes 11 (28)
Depreciation of tax assets from loss carryforwards - 633
Permanent non deductible differences 166 (21)
Income taxes 8,923 10,608
4.7
Earnings per share
In € thousands except number of shares and earnings per share in euros 2005 2006
Consolidated net income 16,136 18,694
Average number of shares 8,974,298 10,421,965
Basic earnings per share (1) 1.82 1.79
Dilution effect of stock options:
Potential number of additional shares 210,823 212,100
Potential effect on consolidated net income - -
Potential fully diluted consolidated net income 16,136 18,694
Potential fully diluted average number of shares outstanding 9,185,121 10,634,065
Diluted earnings per share (1) 1.77 1.76
(1) not adjusted for bonus shares granted in 2005 and 2006.
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