Tax effect on other comprehensive income
|
|
December 31, 2019
|
December 31, 2018
|
||||
|---|---|---|---|---|---|---|
| (in millions of euros)
|
Gross
|
Tax
|
Net
|
Gross
|
Tax
|
Net
|
|
Fair value adjustments to available-for-sale investments |
December 31, 2019 - |
December 31, 2018 - |
- |
- |
- |
- |
|
Actuarial gains (and losses) on defined benefit plans |
December 31, 2019 (29) |
December 31, 2018 5 |
(24) |
22 |
(6) |
16 |
|
Effect of translation and other |
December 31, 2019 (6) |
December 31, 2018 0 |
(6) |
79 |
4 |
83 |
|
Maturity |
December 31, 2019 (35) |
December 31, 2018 5 |
(30) |
101 |
(2) |
99 |
Schedule of deferred taxes recognized in the balance sheet
| (in millions of euros)
|
December 31, 2019
|
December 31, 2018 |
|---|---|---|
(in millions of euros) Short-term (less than one year) |
December 31, 2019 (48) |
December 31, 2018 (69) |
(in millions of euros) Long-term (over one year) |
December 31, 2019 (222) |
December 31, 2018 (227) |
(in millions of euros) Net deferred tax assets (liabilities) |
December 31, 2019 (270) |
December 31, 2018 (296) |
Source of deferred taxes
| (in millions of euros)
|
December 31, 2019
|
December 31, 2018
|
|---|---|---|
(in millions of euros) Deferred tax on adjustment of asset and liability valuations due to acquisitions |
December 31, 2019 (133) |
December 31, 2018 (185) |
(in millions of euros) Deferred tax arising on the restatement of the Champs-Élysées building |
December 31, 2019 (42) |
December 31, 2018 (43) |
(in millions of euros) Deferred tax on pensions and other post-employment benefits |
December 31, 2019 55 |
December 31, 2018 51 |
(in millions of euros) Deferred tax arising on tax loss carryforwards |
December 31, 2019 281 |
December 31, 2018 277 |
(in millions of euros) Deferred tax on other temporary differences |
December 31, 2019 (169) |
December 31, 2018 (130) |
(in millions of euros) Gross deferred tax assets (liabilities) |
December 31, 2019 (8) |
December 31, 2018 (30) |
(in millions of euros) Unrecognized deferred tax assets |
December 31, 2019 (262) |
December 31, 2018 (266) |
(in millions of euros) Net deferred tax assets (liabilities) |
December 31, 2019 (270) |
December 31, 2018 (296) |
As of December 31, 2019, deferred tax liabilities included the tax on the revaluation of intangible assets made at the time of the acquisition of Zenith (euro 12 million), Bcom3 (euro 88 million), Digitas (euro 27 million) and Sapient (euro 81 million), as well as the deferred tax linked to the fair value being deemed as the cost of the Champs-Élysées land and building on the date of transition to IFRS.
