Atari 2010 Annual Report Download - page 97
Download and view the complete annual report
Please find page 97 of the 2010 Atari annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
 |
 |
ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
97
NOTE 20 – NET FINANCIAL INCOME (EXPENSE)
(€ million) Year ended March
31, 2010 Year ended March
31, 2009
Interest on bond debt (0.9) -
Interest on bank debt (3.2) (8.4)
Financial restructuring fees -
Other (0.3) 0.7
Cost of debt (4.4) (7.7)
Foreign-exchange gains and losses (2.3)
Impairment of non-current financial assets -
Other (0.4) (1.8)
Other financial income (expense) (0.4) (4.1)
Total (4.8) (11.8)
NOTE 21 – INCOME TAX
21.1. ANALYSIS OF THE TAX CHARGE
By destination
(€ million) Year ended March
31, 2010 Year ended March
31, 2009
Current income tax benefit (expense) 0.3 0.9
French entities 0.9
Foreign entities 0.3
Deferred tax benefit (expense) 2.3 2.2
French entities (0.7) -
Foreign entities 3.0 2.2 (1)
Total income tax expense 2.6 3.1
Effective tax rate -12.5% 0.8%
(1) Prior fiscal year financial statements have been restated for the correction of income tax expense (€4.2 million).
21.2. DEFERRED TAXES
Deferred tax assets and liabilities are netted in the balance sheet in accordance with the principles described in
Note 2.28.
The table below shows changes in net deferred tax assets for the two periods under review:
(€ million) Year ended March
31, 2010 Year ended March
31, 2009
Net deferred tax assets at April 1 - 5.5
Deferred tax benefit -
Translation adjustments - (0.2)
Recognized directly in equity -
Reclassification of assets held for sale - (5.3)
Changes in scope of consolidation -
Deferred tax assets at March 31 - -