|
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.
