39. Tax expenditure


Income tax

2011

2010

Figures in € thousand

 

 

Actual tax in reporting year

13,532

31,425

Actual tax in previous year

–370

1,905

Deferred tax

–94,881

17,637

Total (fully consolidated values)

–81,719

50,967

Reconciliation statement

2011

2010

Figures in € thousand

 

 

A.

Profit from ordinary activities

–325,568

141,830

B.

Anticipated tax expenditure (A.*Group tax rate)

–81,392

35,457

 

Adjusted by tax effects from

 

 

 

1.

Tax-free investment income

5,878

–12,641

 

2.

Other

–6,205

28,150

 

 

Amortisation of goodwill

3,774

652

 

 

Tax-neutral consolidation effect

–2,019

1,960

 

 

Other non-deductible expenses/other tax-exempt income

7,268

2,972

 

 

Changes in tax rates

1,584

0

 

 

Deviations in tax rates

–10,667

17,079

 

 

Taxes previous years

–370

1,905

 

 

Lapse of loss carried forward and other

–5,776

3,583

C.

Income tax expenditure

–81,719

50,967

Average effective tax burden in %

25.1

35.9

The basic applicable corporate income tax rate for all segments was 25 per cent. Deviating corporate tax rates arise in life insurances in which minimum taxation is applied – with an assumed profit participation of 85 per cent.

© 2012 BY UNIQA GROUP AUSTRIA