APC 2012 Annual Report Download - page 186

2012 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC184
CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31, 2012
5NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
10.2 – Tax proof
Full year 2012 Full year 2011*
Profi t attributable to owners of the parent 1,840 1,793
Income tax (expense)/benefi t (568) (547)
Non-controlling interests (87) (84)
Share of profi t of associates 34 28
Profi t before tax 2,461 2,396
Statutory tax rate 34.43% 34.43%
Income tax expense calculated at the statutory rate
Reconciling items: (847) (825)
Difference between French and foreign tax rates 257 220
Tax credits and other tax reductions 118 87
Impact of tax losses (10) (28)
Other permanent differences (87) (1)
Income tax (expense)/benefi t (568) (547)
EFFECTIVE TAX RATE 23.1% 22.8%
* The 2011 fi gures were restated for the item disclosed in note1.2 of the consolidated fi nancial statements.
Note11 Goodwill
11.1 – Main items of goodwill
Group goodwill is broken down by business as follows:
Dec.31, 2012, net Dec.31, 2011, net
Power 3,943 3,906
Industry 2,244 2,176
Buildings 1,469 1,642
ITB 3,015 3,061
Infrastructure 2,233 1,987
TOTAL 12,904 12,773
Square D goodwill was allocated to each business in proportion to operating income:
Power Industry
Square D Company 82% 18%