CRD IV disclosure
PERMIRA CREDIT HOLDINGS LIMITED
COUNTRY BY COUNTRY REPORTING - YEAR-ENDED 31 DECEMBER 2021
Basis of preparation
The disclosure within this document has been prepared in accordance with The Capital Requirements (Country-by-Country Reporting) Regulations 2013, which came into effect on 1 January 2013.
Article 89 of the EU Directive 2013/36/EU otherwise known as the Capital Requirements Directive IV ('CRD IV') requires Permira Credit Holdings Limited to report annually the following information for the year ended 31 December 2021:
(a) Name(s), nature of activities and geographical location;
(c) Number of employees on a full time equivalent basis.
(d) Profit or loss before tax
(e) Corporation tax paid; and
(f) Public subsidies received.
Permira Credit Holdings Limited has one direct subsidiary undertaking, Permira Credit Limited. Under Regulation 4(1) Permira Credit Limited has chosen to avail itself of the exemption to satisfy its requirements of CRD IV reporting through its parent company Permira Credit Holdings Limited, who has published the required information for all undertakings in the group. As such, the information supplied to comply with the above disclosures is made on a consolidated basis:
Year ended 31 December 2021
|Nature of activities||The main activity of the institutions is to act as an investment sub-manager, adviser and sub-adviser to certain debt investment vehicles.|
|Geographical Location||United Kingdom|
Permira Credit Holdings Limited
Permira Credit Limited
|United Kingdom||Group Total|
|Number of employees||57||57|
|Profit (or loss) before tax (£000)||4,854||4,854|
|Corporation tax paid on profit of loss (1) (2) (£000)||(1,236)||(1,236)|
|Public subsidies received (£000)||-||-|
(1) Corporation tax paid is the amount of corporation tax paid directly to the tax authorities in each country during 2021. The amount paid in a period rarely relates directly to the taxable profits earned in the same period as corporation tax for a period is often paid in instalments across accounting periods. In addition taxable profits are calculated in accordance with prescribed legislation and may differ from the reported accounting results. All UK corporation tax payments are settled directly with HMRC.
(2) The corporation tax charge on profit for the year ended 31 December 2021 is £1,236k, as reported in the consolidated financial statements.