Company 15: Income tax expense

|TEUR#-653

Due to a tax loss in the amount of TEUR 2,463, income tax expense is recorded based on deferred tax assets and deferred tax liabilities.

In TEUR	2011	2010
Current tax expense	0	0
Deferred tax assets through the income statement	653	1.008
Deferred tax liabilities through the income statement	0	0
Total	653	1.008

Effective income tax rates calculated on the basis of the commercial statement of financial position:

In TEUR	2011		2010
Profit before tax	6.635		1.917
Income tax using the domestic tax rate	20,00%	1.327	20,00%	383
Non-deductible expenses	33,44%	2.219	86,12%	1.651
Tax exempt income	-57,54%	-3.818	-132,00%	-2.530
Tax incentives	-5,75%	-381	-26,71%	-512
Income tax expense	-9,85%	-653	-52,59%	-1.008

The following deferred tax amounts were recognised in other comprehensive income:

2011
In TEUR	Pre-tax amount	Tax	After-tax amount
Change in fair value of available-for-sale financial assets	-114	23	-91
Change in fair value of available-for-sale financial assets transferred to profit or loss	0	0	0
Change in effective portion of gains and losses on hedging instruments in a cash flow hedge	-7.230	1.015	-6.215
Change in effective portion of gains and losses on hedging instruments in a cash flow hedge transferred to profit or loss	2.155	0	2.155
Change in fair value of land	0	0	0
Total	-5.189	1.038	-4.151

2010
In TEUR	Pre-tax amount	Tax	After-tax amount
Change in fair value of available-for-sale financial assets	-126	25	-101
Change in fair value of available-for-sale financial assets transferred to profit or loss	145	-33	112
Change in effective portion of gains and losses on hedging instruments in a cash flow hedge	80	-17	63
Change in effective portion of gains and losses on hedging instruments in a cash flow hedge transferred to profit or loss	0	0	0
Change in fair value of land	0	74	74
Total	99	49	148

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