2013 Registration document and annual financial report - page 308

Registration Document 2013
306
FINANCIAL STATEMENTS
Parent Company Financial Statements and Notes
5
NOTE
22 NON-RECURRING INCOME AND EXPENSES
In 2013, total non-recurring items before tax represented net income of €25 million, breaking down as follows:
(in millions of euros)
2012
2013
Non-recurring income and expenses on revenue transactions
(1)
(11)
(2)
Gains (losses) on disposals of intangible assets and property and equipment
(13)
12
Gains (losses) on disposals and liquidations of investments
(2)
(78)
18
Reversals of provisions for contingencies and charges
2
2
Additions to provisions for contingencies and charges
(3)
(9)
(11)
Additions to provisions for property and equipment and intangible assets
(15)
-
Reversals of provisions for property and equipment and intangible assets
15
-
Reversals of provisions for shares in subsidiaries and affiliates
(4)
88
7
Additions to provisions for excess tax depreciation
(3)
(2)
Reversals of provisions for excess tax depreciation
1
1
NET NON-RECURRING INCOME (EXPENSE)
(23)
25
(1) Mainly reflecting €1 million in subsidies paid to hotels to cover the costs of changing their banners as part of the Ibis mega-brand project.
(2) In 2013, this item primarily included (i) an €18 million gain on the sale of shares in the Group subsidiary, WBA Saint-Honoré, (ii) a €4 million earn-out payment received
by the Company in relation to the 2010 sale of Accor Hotels Sweden, and (iii) an aggregate €4 million loss on the liquidation of non-trading property companies (SCI).
(3) A tax audit is currently in progress at Accor SA. On December 26, 2013, the Company was notified of proposed adjustments to its 2010 accounts.The financial
consequences of the proposed adjustments for the tax group of which Accor SA is the filing entity have not yet been notified, but the total risk including late interest
is estimated at €26 million. Accor SA wrote to the tax authorities in February 2014 contesting the proposed adjustments, but has nevertheless recorded a contingency
provision of €11 million in its 2013 financial statements (see note 7).
(4) The main provision reversals in 2013 were recorded following the liquidation of non-trading property companies (€7 million).
NOTE
23 INCOMETAX
A. Accor SA income tax
Analysis of the tax charge
(in millions of euros)
2012
2013
Group relief
34
25
Adjustment to prior-year tax benefit
-
-
Corporate income tax, withholding tax and other taxes
(2)
(5)
TOTAL
32
20
In 2013, the Company’s contribution to the tax group was a loss of €52.3 million taxed at the standard rate.
B. Group relief
Group relief for the Company in its capacity as head of the French tax group amounted to €25.4 million in 2013.
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