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5CONSOLIDATED FINANCIALSTATEMENTS ATDECEMBER 31, 2013
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Income tax expense
Note10
Whenever possible, Group entities file consolidated tax returns. Schneider ElectricSA has chosen this option for the French subsidiaries it
controls directly or indirectly through Schneider Electric IndustriesSAS.
10.1 – Analysis of income tax expense
Full year 2013 Full year 2012*
Current taxes
France (176) (19)
International (562) (657)
Total (738) (676)
Deferred taxes
France 108 24
International (35) 98
Total 73 122
INCOME TAX (EXPENSE)/BENEFIT (665) (554)
The 2012 figures were restated for the application of IAS19 Revised disclosed in note22 of the consolidated financial statements.*
10.2 – Tax proof
Full year 2013 Full year 2012*
Profit attributable to owners of the parent 1,888 1,813
Income tax (expense)/benefit (665) (554)
Non-controlling interests (77) (87)
Share of profit of associates 22 34
Profit before tax 2,608 2,420
Statutory tax rate 34.43% 34.43%
Income tax expense calculated at the statutory rate
Reconciling items: (898) (833)
Difference between French and foreign tax rates 191 257
Tax credits and other tax reductions 150 118
Impact of tax losses (35) (10)
Other permanent differences (73) (86)
Income tax (expense)/benefit (665) (554)
EFFECTIVE TAX RATE 25.5% 22.9%
The 2012 figures were restated for the application of IAS19 Revised disclosed in note22 of the consolidated financial statements.*
202 2013 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC