|
Income tax |
2010 |
2009 |
|
Actual tax in reporting year |
31,425 |
32,580 |
|
Actual tax in previous year |
1,905 |
–6,241 |
|
Deferred tax |
17,651 |
18,022 |
|
Total (fully consolidated values) |
50,981 |
44,362 |
|
Reconciliation statement |
2010 |
2009 | ||
|
A. |
Profit from ordinary activities |
146,033 |
100,026 | |
|
B. |
Anticipated tax expenditure (A.*Group tax rate) |
36,508 |
25,007 | |
|
|
Adjusted by tax effects from |
|
| |
|
|
1. |
Tax-free investment income |
–12,641 |
4,369 |
|
|
2. |
Other |
27,113 |
14,986 |
|
|
|
Amortisation of goodwill |
652 |
1,945 |
|
|
|
Tax-neutral consolidation effect |
1,960 |
–227 |
|
|
|
Other non-deductible expenses/other tax-exempt income |
2,972 |
697 |
|
|
|
Changes in tax rates |
0 |
0 |
|
|
|
Deviations in tax rates |
17,079 |
23,423 |
|
|
|
Taxes previous years |
1,905 |
–6,241 |
|
|
|
Lapse of loss carried forward and other |
2,546 |
–4,611 |
|
C. |
Income tax expenditure |
50,981 |
44,362 | |
|
Average effective tax burden in % |
34.9 |
44.4 | ||
The corporate income tax rate applicable to all Group segments was 25%, as expected. To the extent that the minimum taxation is applied in life insurance at an assumed profit participation of 85%, this leads to a deviating higher corporate tax rate.
