Taxes: Country-by-Country Reporting

The “Number of employees” metric refers to the total number of employees in all business units within a tax jurisdiction. The number of employees is based on full-time equivalents (FTEs). The number of employees refers to the status as of the end of the respective business year.

The “Revenue” metric concerns the total revenue generated by all business units within a tax jurisdiction. There are no differences to the revenue shown in the Consolidated Financial Statements.

This metric includes revenue from intra-Group transactions of all business units within a tax jurisdiction with those in other tax jurisdictions.

The “Profit before tax” metric concerns the total profit before tax of all business units within a tax jurisdiction. Differences to the Consolidated Financial Statements arise, in particular, from the fact that the metric contains values that were added country by country, whereas the Consolidated Financial Statements contain consolidated figures.

The “Property, plant and equipment” metric equates to the net carrying amount of all property, plant and equipment belonging to the business units within a tax jurisdiction as of the end of the respective business year. There are no differences to the property, plant and equipment shown in the Consolidated Financial Statements.

The metric referring to the taxes paid concerns the total income tax paid by all business units within a tax jurisdiction.

The “Tax expense” metric concerns the total tax expense of all business units in a tax jurisdiction net of deferred taxes and provisions for uncertain tax items.

An expected tax expense may be determined based on the regular tax rate applicable to the “Profit before tax” metric. Temporary differences and effects from prior periods may result in differences between the actual tax expense and the expected tax expense. Key differences between the actual tax expense and the expected tax expense in individual countries arise from:
a) Non-taxable income (e.g., investment income)
b) Non-deductible expenses
c) The GRI metric, “Profit before tax,” contains the total earnings of all business units, but the tax expense is determined by entity (without offsetting the profits and losses of all subsidiaries within a country).
d) Special tax assessment regime/tax incentives
e) Realization of tax loss carryforwards and/or carrybacks

This metric contains a high percentage of nontaxable investment income, particularly in Austria.