Income taxes include income taxes paid and owed as well as deferred taxes (+income tax expense/–income tax benefit).
|
|
2015/16 |
|
2016/17 |
|
|
|
|
|
Current tax expense |
|
145.2 |
|
142.8 |
Effective tax expense |
|
146.3 |
|
141.4 |
Adjustments of taxes from previous periods |
|
–0.9 |
|
1.7 |
Recognition of tax losses from prior periods |
|
–0.2 |
|
–0.3 |
|
|
|
|
|
Deferred tax expense |
|
4.0 |
|
30.1 |
Origination/reversal of temporary differences |
|
13.1 |
|
47.5 |
Adjustments of taxes from previous periods |
|
–4.2 |
|
–6.5 |
Impact of changes in tax rates |
|
0.6 |
|
0.0 |
Recognition of tax losses from prior periods |
|
–5.5 |
|
–10.9 |
|
|
|
|
|
|
|
149.2 |
|
172.9 |
|
|
|
|
|
In millions of euros |
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The changes in tax rates apply solely to foreign taxes.
The following reconciliation shows the difference between the Austrian corporate tax rate of 25% and the effective Group tax rate:
|
|
2015/16 |
|
2016/17 |
||||
|
|
|
|
|
|
|
|
|
Profit before tax |
|
|
|
751.3 |
|
|
|
699.9 |
Income tax using the Austrian corporate tax rate |
|
25.0% |
|
187.8 |
|
25.0% |
|
175.0 |
Difference to foreign tax rates |
|
0.4% |
|
2.7 |
|
–0.6% |
|
–4.1 |
Non-taxable income and expenses |
|
–3.0% |
|
–22.7 |
|
–2.5% |
|
–17.5 |
Non-taxable income from investments |
|
–0.4% |
|
–2.7 |
|
–0.7% |
|
–4.9 |
Effects of depreciation of investments and utilization of previously unrecognized losses carried forward and non-recognition of losses carried forward, respectively |
|
0.1% |
|
0.3 |
|
0.2% |
|
1.4 |
Taxes from previous periods |
|
–0.7% |
|
–5.1 |
|
–0.7% |
|
–4.8 |
Other differences |
|
–1.5% |
|
–11.1 |
|
4.0% |
|
27.8 |
Effective Group tax rate (%)/income tax expense |
|
19.9% |
|
149.2 |
|
24.7% |
|
172.9 |
|
|
|
|
|
|
|
|
|
In millions of euros |
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