Plastic Omnium - 2018 Registration Document

5 2018 STATUTORY ACCOUNTS Notes to the statutory accounts PLASTIC OMNIUM 2018 REGISTRATION DOCUMENT 245 N – NON-OPERATING ITEMS In thousands of euros 2018 Income Expenses Net On revenue transactions 446 (446) On disposals of intangible assets 4,600 6,462 (1,862) On disposals of non-current financial assets 182,346 171,653 10,693 Other non-operating income and expenses 2,480 1,934 546 Provision charges and reversals 2,753 5,669 (2,916) TOTAL 192,179 186,164 6,015 Disposals of intangible and financial assets principally refer to the disposal of the Environment business. Other non-operating income represents a gain on the sale of treasury stock. Related companies Income statement items In thousands of euros Related parties Income Net sales and other operating revenue 33,611 Financial income 239,213 Non-operating income Expenses Operating expenses (17,335) Interest cost (508) Non-operating expenses (1,300) O – Corporate income tax In thousands of euros 2018 Results Current portion Non-operating items Net * Income before tax 213,651 6,015 219,666 * Tax adjustments (206,452) (9,473) (215,925) = Tax base 7,199 (3,458) 3,741 Theoretical tax (27.37%) (1,970) 946 (1,024) INCOME AFTER TAX AT STANDARD RATE 211,681 6,961 218,642 Impact of Group relief 20,014 Addition to provisions for taxes (4,940) Other impacts (2,943) TOTAL CORPORATE INCOME TAX 12,131 INCOME AFTER TAX 231,797 Compagnie Plastic Omnium is the parent company of a tax consolidation group comprising 16 entities. The impact of the tax consolidation for 2018 was income of €20.1 million. During the year, Compagnie Plastic Omnium recognized a €4.9 million provision for taxes to reflect the use by the tax group of tax losses likely to be used in the future by its subsidiaries. The tax group has tax loss carryforwards totaling €126.6 million (excluding the loss from the widened basis of €4.1 million), equivalent to future tax savings of €34.6 million.