Income tax |
1-12/2015 |
1-12/2014 |
Figures in € thousand |
|
|
Actual tax - reporting year |
93,948 |
50,732 |
Actual tax - previous years |
–11,086 |
–13,212 |
5,392 |
47,534 |
|
Total |
88,254 |
85,055 |
Reconciliation statement |
2015 |
2014 |
||
Figures in € thousand |
|
|
||
A. |
Earnings before taxes |
422,840 |
377,932 |
|
B. |
Expected tax expenses (A.*Group tax rate) |
105,710 |
94,483 |
|
|
Adjusted by tax effects from |
|
|
|
|
|
Tax-free investment income |
–8,266 |
–7,103 |
|
|
Amortisation and impairment of intangible assets |
3,270 |
6,250 |
|
|
Tax-neutral consolidation effect |
321 |
–1,112 |
|
|
Other non-deductible expenses/other tax-exempt income |
5,397 |
3,866 |
|
|
Changes in tax rates |
0 |
–237 |
|
|
Deviations in tax rates |
–2,236 |
196 |
|
|
Taxes for previous years |
–11,086 |
–13,212 |
|
|
Lapse of loss carried forward and other |
–4,857 |
1,925 |
C. Income tax expenses |
88,254 |
85,055 |
||
Average effective tax burden Figures in percent |
20.9 |
22.5 |
||
The basic corporate income tax rate applied for all segments was 25 per cent. Deviating corporate tax rates arise in life insurance in which minimum taxation is applied – with an assumed profit participation of 85 per cent.
The calculation of deferred taxes is based on the specific tax rates of each country that the Group companies are based in, which were between 9 and 34 per cent in 2015. Changes in tax rates already decided effective 31 December 2015 are taken into account.
