Income tax expense includes income taxes paid and owed as well as deferred taxes (+ income tax expense/– income tax benefit).
| Download |
|
|
2009/10 |
|
2010/11 |
|
|
|
|
|
Current tax expense |
|
55.7 |
|
163.6 |
Effective tax expense |
|
55.8 |
|
161.4 |
Adjustments of taxes of previous periods |
|
–0.1 |
|
2.2 |
|
|
|
|
|
Deferred tax expense |
|
–59.2 |
|
22.8 |
Origination/reversal of temporary differences |
|
–56.6 |
|
44.9 |
Impact of changes in tax rates |
|
–0.8 |
|
–0.5 |
Consideration of tax losses of previous periods |
|
–1.8 |
|
–21.6 |
|
|
|
|
|
|
|
–3.5 |
|
186.4 |
|
|
|
|
|
|
|
In millions of euros |
||
The following reconciliation shows the difference between the Austrian corporate tax rate of 25% and the effective Group tax rate:
| Download |
|
|
2009/10 |
|
2010/11 |
||||
|
|
|
|
|
|
|
|
|
Profit before tax |
|
|
|
183.3 |
|
|
|
781.0 |
Income tax using the Austrian corporate tax rate |
|
25.0% |
|
45.8 |
|
25.0% |
|
195.3 |
Difference to foreign tax rates |
|
–4.2% |
|
–7.7 |
|
1.1% |
|
8.5 |
Non-taxable income and expenses |
|
–0.5% |
|
–0.9 |
|
1.4% |
|
11.1 |
Non-taxable income from participations |
|
–3.7% |
|
–6.8 |
|
–1.1% |
|
–8.8 |
Effects from the depreciation of participations and utilization of previously unrecognized losses carried forward |
|
3.0% |
|
5.5 |
|
0.5% |
|
4.0 |
Taxes from previous periods |
|
–8.1% |
|
–14.9 |
|
0.3% |
|
2.7 |
Own shares |
|
–0.3% |
|
–0.5 |
|
0.1% |
|
0.8 |
Hybrid bond |
|
–9.9% |
|
–18.2 |
|
–2.3% |
|
–18.2 |
Other differences |
|
–3.2% |
|
–5.8 |
|
–1.1% |
|
–9.0 |
Effective Group tax rate (%)/ |
|
–1.9% |
|
–3.5 |
|
23.9% |
|
186.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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.