Annual Report and Consolidated Accounts 2015
Consolidated Net Profit
Consolidated profit before taxes stood at 14.0 million euros, up 5
million euros that is an increase of 55%.
Income tax
The current tax in 2015 is 3.7 million euros, versus 2.8 million euros in
2014. This accompanied the evolution of results and the use of available
tax losses. When calculating tax the deduction of the extraordinary
tax credit for investment (Law 49/2013) was not posted, because the
application criteria for this financial year are still being evaluated.
Due to the effect of deferred taxes, the total tax amount used to
ascertain the Net Profit was 3.3 million euros, corresponding to a
rate of 23%.
Consolidated profit of the financial year
Net consolidated profit of the financial year was 10.7 million euros,
up 36% over the figure of 7.9 million euros recorded in 2014.
Non-controlled interest is basically associated to direct and indirect
holdings of minority shareholders in the Ibersande (Pans & Company)
subsidiary and amounted to 145 thousand euros.
Consolidated net profit attributable to shareholders was 10.6million
euros, up 36% over 2014.
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