151 / 364
4.2 FINANCIAL STATEMENTS OF DANONE SA, THE DANONE PARENT COMPANY
Note 7. Net non-recurring income (expense)
DANONE
REGISTRATION DOCUMENT 2015
151
NOTE 7. NET NON-RECURRING INCOME (EXPENSE)
Net non-recurring income (expense) in 2015 consisted of a €15 million expense. It mainly includes non-recurring costs related to the
“Danone 2020” transformational plan (see Note 2 of the Notes to the financial statements of the parent company Danone).
In 2014, the net non-recurring expense of €6 million consisted mainly of non-recurring costs related to the implementation of the Group's
plan for savings and adaptation of its organizations in Europe.
NOTE 8. INCOME TAX
Tax group
Danone forms a tax group with the French subsidiaries in which it holds, directly or indirectly, a stake of more than 95%.
Companies that were members of the tax group in 2015
As of December 31, 2015
BLÉDINA
HELDINVEST 9
COMPAGNIE GERVAIS DANONE
HOLDING INTERNATIONALE DE BOISSONS
DANONE CORPORATE FINANCE SERVICES
LES 2 VACHES RESTO
DANONE PRODUITS FRAIS FRANCE
MENERVAG
DANONE DAIRY ASIA
NUTRICIA NUTRITION CLINIQUE SAS
DANONE NUTRICIA AFRICA ET OVERSEAS
PRODUITS LAITIERS FRAIS EST EUROPE
DANONE BABY AND MEDICAL HOLDING
PRODUITS LAITIERS FRAIS SUD EUROPE
DANONE
(a)
PRODUITS LAITIERS FRAIS ESPAGNE
DANONE RESEARCH
SOCIÉTÉ ANONYME DES EAUX MINÉRALES D'ÉVIAN
DAN INVESTMENTS
SOCIÉTÉ DES EAUX DE VOLVIC
FERMINVEST
STEP SAINT JUST
HELDINVEST 8
STONYFIELD FRANCE
(a) The Company.
The subsidiaries that are members of the tax group recognize and
pay their tax to the Company as if they were taxed separately, in
compliance with the rules set by the French tax authorities.
The savings (or additional charges) – based on the difference between
the sum of the tax charges recorded by the different subsidiaries
of the tax group and the tax charge resulting from the computation
of the consolidated tax results of the tax group – are recognized in
the income statement under Income tax. The amount booked in this
line for 2015 relates exclusively to this difference.
At the year end, the tax group had recorded a taxable loss. As of
December 31, 2015, tax loss carry-forwards accumulated within
the tax group in France amounted to €1,286 million, compared to
€1,149 million as of December 31, 2014.
Other information
In accordance with the provisions of Article 39.4 of the French tax
code (
Code Général des Impôts – CGI
), in 2015 Danone recognized
€368,956 in respect of passenger vehicle depreciation and rental
under taxable income.
The application of Article 39.5 of the CGI did not result in any amounts
recognized under taxable income in 2015.
As of December 31, 2015, items likely to result in a reduction of future
tax liabilities consisted mainly of accrued charges. They totaled
€54 million and would reduce future tax charges by €21 million.