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Rothschild & Co | Annual Report 2017
Note 37 – Results, tax and headcount by territory
Pursuant to Article L.511-45 II to V of the French Monetary and Financial Code, referred to in note 36, the table below specifically provides information
linked to net banking income, pre-tax profit, income tax and headcount for the nine months to 31 December 2017.
Country/region of operation
Net banking
income
(in millions of
euro)
Profit before tax
(in millions of
euro)
Current tax
(in millions of
euro)
Deferred tax
(in millions of
euro)
Headcount
(full-time
equivalent at
the period end)
France
437.2
152.5
(17.6)
6.8
1,180
United Kingdom
331.0
44.6
(5.2)
(7.8)
898
North America
204.4
(5.2)
3.2
0.4
320
Other Europe
158.2
41.6
(11.7)
(0.7)
372
Luxembourg
98.2
104.8
(0.3)
(0.2)
15
Switzerland
90.5
5.5
(1.7)
2.2
365
Asia-Pacific and Latin America
71.6
(1.0)
(5.2)
1.0
236
Channel Islands
20.8
8.1
(1.2)
–
66
British Virgin Islands
0.0
0.0
–
–
–
Cayman Islands
(0.0)
(0.0)
–
–
–
Curaçao
–
(0.0)
(0.1)
–
–
Bermuda
–
(0.0)
–
–
–
Other
17.9
2.9
(0.6)
(0.2)
50
Total before intercompany elimination
1,429.8
353.8
(40.4)
1.5
3,502
Intercompany elimination
(6.9)
–
–
–
–
TOTAL
1,422.9
353.8
(40.4)
1.5
3,502
Revenues and profits are measured before the elimination of intercompany fees and interest income and expense.
The Group has not received any public subsidies in the period. For France, profit before tax is stated before amounts deducted as non-controlling interests,
being profit share paid as preferred amounts to French partners who individually account for tax (see also note 31).
Notes to the consolidated financial statements