Income tax |
2012 |
2011 |
Figures € thousand |
|
|
Actual tax in reporting year |
33,411 |
13,297 |
Actual tax in previous year |
412 |
–291 |
Deferred tax |
11,601 |
–90,727 |
Total (fully consolidated values) |
45,423 |
–77,720 |
Reconciliation statement |
2012 |
2011 |
||
Figures in € thousand |
|
|
||
A. |
Profit from ordinary activities |
205,351 |
–322,302 |
|
B. |
Anticipated tax expenditure (A.Group tax rate) |
51,338 |
–80,576 |
|
|
Adjusted by tax effects from: |
|
|
|
|
1. |
Tax-free investment income |
–10,408 |
5,475 |
|
2. |
Other |
4,494 |
–2,619 |
|
|
Amortisation of goodwill |
3,767 |
3,774 |
|
|
Tax-neutral consolidation effect |
1,151 |
74 |
|
|
Other non-deductible expenses/other tax-exempt income |
8,175 |
7,192 |
|
|
Changes in tax rates |
146 |
1,584 |
|
|
Deviations in tax rates |
–4,784 |
–9,960 |
|
|
Taxes previous years |
412 |
–291 |
|
|
Lapse of loss carried forward and other |
–4,373 |
–8,990 |
C. |
Income tax expenditure |
45,423 |
–81,719 |
|
Average effective tax burden (figures in per cent) |
22.1 |
25.4 |
||
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.
