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1732011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC
CONSOLIDATED FINANCIAL STATEMENTS
5
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Note10
Income tax expense
Whenever possible, Group entities fi le 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
2011 2010
Current taxes
France (190) (23)
International (718) (598)
Total (908) (621)
Deferred taxes
France (100) 6
International 446 49
Total 346 55
INCOME TAX (EXPENSE)/BENEFIT (562) (566)
10.2 – Tax proof
2011 2010
Profi t attributable to owners of the parent 1,820 1,720
Income tax (expense)/benefi t (562) (566)
Non-controlling interests (84) (76)
Share of profi t of associates 28 6
Profi t before tax 2,438 2,356
Statutory tax rate 34.43% 34.43%
Income tax expense calculated at the statutory rate (839) (811)
Reconciling items:
Difference between French and foreign tax rates 220 196
Tax credits and other tax reductions 87 62
Impact of tax losses (28) 1
Other permanent differences (2) (14)
Income tax (expense)/benefi t (562) (566)
EFFECTIVE TAX RATE 23.1% 24.0%