Ubisoft 2006 Annual Report Download - page 95

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CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2007
83
2
Tax proof
Adjustments recognized during the fiscal year for tax due from previous years and entered as equity
Following the tax adjustments for previous years, the amount impacting equity is -€221 thousand.
03.31.07
Consolidated earnings, excluding GW, tax and profit/loss of associates 52,743
Theoretical tax (33.33%) 17,581
Adjustments of deferred taxes from previous fiscal years:
Variance between the accounting records and tax returns - 179
Effect of permanent differences between company earnings and consolidated earnings:
IFRS2 wage complement 1,115
Cancellation of provisions for impairment of goodwill - 418
Deductibility of the bond redemption premium related to OCEANE - 2,236
Misc. add-backs 464
Other 511
Research tax credit
France - 1,570
United States - 345
Taxation of foreign companies at different rates 107
Other restatements 187
Total income tax 15,217
Actual tax rate 28.85%