Group 19: Income tax expense
|TEUR#2,006
Income tax expense is recorded by taking into account current tax liabilities, deferred tax assets, and deferred tax liabilities.
| in TEUR | 2011 | 2010 |
|---|---|---|
| Current tax expense | 5.600 | 5.049 |
| Deferred tax expense | -3.594 | -2.601 |
| Total | 2.006 | 2.448 |
Effective income tax rates:
| in TEUR | 2011 | 2011 | 2010 | 2010 |
|---|---|---|---|---|
| Profit before tax | 11.112 | 22.472 | ||
| Income tax using the domestic tax rate | 20,0% | 2.222 | 20,0% | 4.494 |
| Effect of tax rates in foreign jurisdictions | -9,0% | -1.000 | 6,8% | 1.534 |
| Non-deductible expenses | 29,1% | 3.233 | -16,5% | -3.703 |
| Tax exempt income | -16,4% | -1.820 | 8,3% | 1.862 |
| Tax reliefs | -13,1% | -1.459 | -6,6% | -1.486 |
| Tax losses | 17,3% | 1.926 | 0,1% | 28 |
| Other differences | -9,9% | -1.096 | -1,3% | -281 |
| Income tax expense | 18,1% | 2.006 | 10,9% | 2.448 |
The following deferred tax amounts were recognised in other comprehensive income:
| in TEUR | Pre-tax amount | Tax | After-tax amount |
|---|---|---|---|
| Change in fair value of available-for-sale financial assets | -135 | 27 | -108 |
| 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 | -7.499 | 1.015 | -6.484 |
| Change in effective portion of gains and losses on hedging instruments in a cash flow hedge transferred to profit or loss | 2.154 | 0 | 2.154 |
| Change in fair value of land | -1 | 31 | 30 |
| Foreign currency translation differences for foreign operations | 1.148 | 0 | 1.148 |
| Other comprehensive income | -4.333 | 1.073 | -3.260 |
| in TEUR | Pre-tax amount | Tax | After-tax amount |
|---|---|---|---|
| Change in fair value of available-for-sale financial assets | 50 | -17 | 33 |
| 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 | 317 | -17 | 300 |
| 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 | -7.777 | 158 | -7.619 |
| Foreign currency translation differences for foreign operations | -8.563 | 0 | -8.563 |
| Other comprehensive income | -15.828 | 91 | -15.737 |