Note 22 INCOME TAX AND CONSOLIDATION
A. Income tax expense of Edenred SE
In 2021, the Company recorded a taxable profit of €8.3 million before utilization of tax loss carryforwards on a stand-alone basis (i.e., excluding the contribution of companies in the Edenred SE tax group).
B. Tax group members
Edenred SE and its eligible French subsidiaries elected for the Group relief system governed by Article 223A of the French General Tax Code on March 18, 2011. The election took effect as of the tax year beginning on January 1, 2011.
A Group relief agreement between Edenred SE and the other members of the tax group was also signed in 2011. The tax group members in 2021 were:
- Saminvest
- Asm
- Edenred France
- Veninvest Quattro
- Veninvest Cinq
- Veninvest Huit
- Veninvest Neuf
- Edenred Corporate Payment
- Veninvest Onze
- Veninvest Douze
- Veninvest Quatorze
- Veninvest Seize
- GABC
- Veninvest Quinze
- Edenred Payment
- Edenred Fuel Card
- Edenred Fleet et Mobility
- Edenred Fleet Pro
- Proweb CE
- Gameo
- Landray
C. Group relief in 2021, group relief of €12 million was recorded in Edenred SE’s financial statements.
Income tax for the tax group came to €6 million in 2021.
D. Consolidation
Edenred SE is the consolidating entity of the Edenred group.
Note 23 Off-balance sheet commitments given and received
Off-balance sheet commitments given and received
Off-balance sheet commitments given at December 31, 2021 break down as follows:
