Income tax expense includes income taxes paid and owed as well as deferred taxes (+ income tax expense/– income tax benefit).
(XLS:) Download  |
|
|
|
2008/09 |
|
2009/10 |
|
|
|
|
|
|
|
Current tax expense |
|
144.8 |
|
55.7 |
|
Deferred tax expense |
|
–56.4 |
|
–59.2 |
|
|
|
88.4 |
|
–3.5 |
|
|
|
|
|
|
|
|
|
In millions of euros | ||
The following reconciliation shows the difference between the Austrian corporate tax rate of 25% and the effective Group tax rate:
| (XLS:) Download |
|
|
|
2008/09 |
|
2009/10 | ||||
|
|
|
|
|
|
|
|
|
|
|
Profit before tax |
|
|
|
700.0 |
|
|
|
183.3 |
|
Income tax using the Austrian corporate tax rate |
|
25.0% |
|
175.0 |
|
25.0% |
|
45.8 |
|
Difference to foreign tax rates |
|
–1.2% |
|
–8.6 |
|
–4.2% |
|
–7.7 |
|
Non-taxable income and expenses |
|
1.5% |
|
11.0 |
|
–0.5% |
|
–0.9 |
|
Non-taxable income from participations |
|
–1.1% |
|
–7.9 |
|
–3.7% |
|
–6.8 |
|
Effects from the depreciation of participations |
|
–4.8% |
|
–33.3 |
|
3.0% |
|
5.5 |
|
Taxes from previous periods |
|
–1.3% |
|
–9.0 |
|
–8.1% |
|
–14.9 |
|
Own shares |
|
–3.7% |
|
–26.1 |
|
–0.3% |
|
–0.5 |
|
Hybrid bond |
|
–2.6% |
|
–18.2 |
|
–9.9% |
|
–18.2 |
|
Other differences |
|
0.8% |
|
5.5 |
|
–3.2% |
|
–5.8 |
|
Effective Group tax rate (%)/income tax expense |
|
12.6% |
|
88.4 |
|
–1.9% |
|
–3.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
In millions of euros | ||
In Austria, dividends (interest) on hybrid capital represent a tax-deductive expense. The tax reduction is recognized through profit and loss.
