| (in millions of euros) | 2024 | 2023 |
|---|---|---|
| Current income tax expense for the period | Current income tax expense for the period 2024 (568) |
Current income tax expense for the period 2023 (566) |
| Current tax income/(expense) for previous years | Current tax income/(expense) for previous years 2024 (2) |
Current tax income/(expense) for previous years 2023 (7) |
| Total tax income/(expense) | Total tax income/(expense) 2024 (570) |
Total tax income/(expense) 2023 (573) |
| Deferred tax income/(expense) | Deferred tax income/(expense) 2024 15 |
Deferred tax income/(expense) 2023 169 |
| Changes in unrecognized deferred tax assets | Changes in unrecognized deferred tax assets 2024 6 |
Changes in unrecognized deferred tax assets 2023 (11) |
| Total net deferred tax income/(expense) | Total net deferred tax income/(expense) 2024 21 |
Total net deferred tax income/(expense) 2023 158 |
| Income taxes | Income taxes 2024 (549) |
Income taxes 2023 (415) |
The implementation of the OECD’s international tax reform, Pillar 2, resulted, for financial year 2024, to the booking of a tax expense of euro 0.7 million.
As of December 31, 2023 and 2024, no deferred tax has been recognized pursuant to the amendment to IAS 12 concerning the mandatory temporary exemption from the recognition of deferred taxes in the consolidated financial statements.
The effective tax rate is obtained as follows:
| (in millions of euros) | 2024 | 2023 | |
|---|---|---|---|
| Pre-tax income | Pre-tax income
|
Pre-tax income 2024 2,218 |
Pre-tax income 2023 1,737 |
| Loss of value | Loss of value
|
Loss of value 2024 4 |
Loss of value 2023 6 |
| Revaluation of earn-out payments | Revaluation of earn-out payments
|
Revaluation of earn-out payments 2024 (35) |
Revaluation of earn-out payments 2023 (12) |
| (Gains)/Losses on disposals(1) | (Gains)/Losses on disposals (1)
|
(Gains)/Losses on disposals (1)2024 – |
(Gains)/Losses on disposals (1)2023 (4) |
| Gain on contributions to Unlimitail | Gain on contributions to Unlimitail
|
Gain on contributions to Unlimitail 2024 (14) |
Gain on contributions to Unlimitail 2023 – |
| Share of profit of equity-accounted investees, net of tax | Share of profit of equity-accounted investees, net of tax
|
Share of profit of equity-accounted investees, net of tax 2024 2 |
Share of profit of equity-accounted investees, net of tax 2023 (6) |
| Restated pre-tax income | Restated pre-tax income
A |
Restated pre-tax income 2024 2,175 |
Restated pre-tax income 2023 1,721 |
| French tax rate applicable to the Company | French tax rate applicable to the Company
|
French tax rate applicable to the Company 2024 25.8% |
French tax rate applicable to the Company 2023 25.8% |
| Expected tax expense on pre-tax income of consolidated companies | Expected tax expense on pre-tax income of consolidated companies
|
Expected tax expense on pre-tax income of consolidated companies 2024 (562) |
Expected tax expense on pre-tax income of consolidated companies 2023 (444) |
| Impact of: | Impact of:
|
Impact of: 2024
|
Impact of: 2023
|
| Difference between the French tax rate and foreign tax rates | Difference between the French tax rate and foreign tax rates
|
Difference between the French tax rate and foreign tax rates 2024 91 |
Difference between the French tax rate and foreign tax rates 2023 113 |
| Income tax at reduced or increased rates | Income tax at reduced or increased rates
|
Income tax at reduced or increased rates 2024 (100) |
Income tax at reduced or increased rates 2023 (74) |
| Changes in unrecognized deferred tax assets | Changes in unrecognized deferred tax assets
|
Changes in unrecognized deferred tax assets 2024 6 |
Changes in unrecognized deferred tax assets 2023 (11) |
| Other impacts (2) | Other impacts (2)
|
Other impacts (2) 2024 16 |
Other impacts (2) 2023 1 |
| Income tax in the income statement | Income tax in the income statement
|
Income tax in the income statement 2024 (549) |
Income tax in the income statement 2023 (415) |
| Tax effect on gain generated by contributions to Unlimitail | Tax effect on gain generated by contributions to Unlimitail
|
Tax effect on gain generated by contributions to Unlimitail 2024 8 |
Tax effect on gain generated by contributions to Unlimitail 2023
|
| Restated income tax in the income statement | Restated income tax in the income statement
B |
Restated income tax in the income statement 2024 (541) |
Restated income tax in the income statement 2023 (415) |
| Effective tax rate | Effective tax rate
B/A |
Effective tax rate 2024 24.9% |
Effective tax rate 2023 24.1% |
