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Notes to the Consolidated Accounts
\ Annual Accounts
NOTE 16.
OTHER FINANCIAL CHARGES
(x €1,000)
2013
2012
Bank fees and other commissions
357
493
Interests on advance payments
272
8
Other
300
383
TOTAL
929
884
NOTE 17.
CHANGES IN THE FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES
(x €1,000)
2013
2012
Authorised hedging instruments qualifying for hedge accounting
643
1
11,080
Authorised hedging instruments not qualifying for hedge accounting
13,153
2
-18,536
Convertible bonds
-5,026
-15,793
Impact of the recycling under the income statement of hedging instruments which relationship with the hedged risk
was terminated
-20,501
Other
-1,955
-1,095
TOTAL
-13,686
-24,344
Only the changes in the ineffective part of the fair value of cash flow hedging instruments, as well as the changes in the fair value of trading instruments,
are taken into account here. The changes in the effective part of the fair value of cash flow hedging instruments are booked directly under equity.
When a relationship between a cash flow hedging instrument and the hedged risk is terminated (even partially), the cumulated gain or loss at that date,
until then deferred under equity, is recycled under the income statement.
NOTE 18.
CORPORATE TAX AND EXIT TAX
(x €1,000)
2013
2012
CORPORATE TAX
2,179
4,273
Parent company
378
1,417
Pre-tax result
56,601
98,208
Result exempted from income tax due to the Sicafi/Bevak regime
-56,601
-98,208
Taxable result from non-deductible costs
3,721
3,710
Tax at rate of 33.99%
1,265
1,261
Other
-887
156
Subsidiaries
1,801
2,856
EXIT TAX - SUBSIDIARIES
-618
596
The non-deductible costs mainly comprise the office tax in the Brussels Capital Region. The item “Other” mainly comprises taxes related to merged com-
panies. With the exception of the institutional Sicafis/Bevaks, the Belgian subsidiaries do not benefit from the Sicafi/Bevak regime. The Dutch subsidiary
Pubstone Properties BV does not benefit from the FBI regime.
1
The gross amounts are respectively an income of k€2,051 and a charge of k€1,408.
2
The gross amounts are respectively an income of k€15,715 and a charge of k€2,562.