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 deviations from 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. Deviations from the Consolidated Financial Statements arise, in particular, from the fact that the metric contains figures 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 deviations from the property, plant and equipment shown in the Consolidated Financial Statements.

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

The metric referring to the income tax incurred concerns the total of all income taxes of all business units within a tax jurisdiction, excluding 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) Tax-exempt income (e.g., investment income)
b) Non-deductible expenses
c) The GRI metric, “Profit before tax,” includes the total of all earnings of all business units, but the tax assessment is carried out by business unit (excluding any offsetting of all subsidiaries’ gains and losses).
d) Special tax assessment regime / tax incentives
e) Use of tax loss carryforwards and/or carrybacks
f) Temporary differences and effects from prior periods

This metric contains a large percentage of tax-exempt investment income, in part multi-level, especially in Austria.

Significant reduction in revenue relative to the previous business year. Revenue volume consistent with sanctions.