APC 2015 Annual Report Download - page 209
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2015 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 207
CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31,2015
5
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
10.2 – Tax proof
Full year 2015 Full year 2014
Profi t attributable to owners of the parent 1,407 1,941
Income of discontinued operations, net of income tax - 169
Income tax (expense)/benefi t (389) (551)
Non-controlling interests (96) (120)
Share of profi t of associates 109 14
Profi t before tax 1,783 2,429
Statutory tax rate 34.43% 34.43%
Reconciling items:
Theoretical income tax expense (614) (836)
Difference between French and foreign tax rates 195 206
Tax credits and other tax reductions 125 132
Impact of tax losses (13) 70
Other permanent differences (82) (122)
Income tax (expense)/benefi t (389) (551)
EFFECTIVE TAX RATE 21.8% 22.7%
Note11
Goodwill
11.1 – Main items of goodwill
Group goodwill is broken down by business as follows:
Dec.31, 2015, net Dec.31, 2014, net
Buildings& Partner 5,797 5,678
Industry 6,234 5,365
IT 3,302 3,120
Infrastructure 2,448 2,570
TOTAL 17,781 16,733
Square D goodwill was allocated to each business in proportion to operating income:
Partner Industry
Square D Company 82% 18%