Income taxes on an IFRS basis were €(95) million, versus €(305) million on an underlying basis. The €(210) million adjustment includes mainly:

  • €(106) million to adjust for the tax impacts of the adjustments made to the underlying result before taxes (as described above);
  • €(104) million to adjust for tax elements related to prior periods. These mainly relate to recognition of deferred tax assets resulting from statutory reorganization in Brazil and expected capital gain on the Polyamide divestment in 2019.