|
Income tax |
2013 |
2012 |
|
Figures in € thousand |
|
|
|
Actual tax in reporting year |
60,614 |
33,304 |
|
Actual tax in previous year |
2,641 |
412 |
|
Deferred tax |
5,582 |
13,860 |
|
Total (fully consolidated values) |
68,837 |
47,576 |
|
Reconciliation statement |
2013 |
2012 |
||
|
Figures in € thousand |
|
|
||
|
A. |
Profit from ordinary activities |
305,614 |
204,176 |
|
|
B. |
Anticipated tax expenditure (A.*Group tax rate) |
76,403 |
51,044 |
|
|
|
Adjusted by tax effects from |
|
|
|
|
|
1. |
Tax-free investment income |
–7,653 |
–10,408 |
|
|
2. |
Other |
86 |
6,941 |
|
|
|
Amortisation of goodwill |
0 |
3,767 |
|
|
|
Tax-neutral consolidation effect |
–3,388 |
1,151 |
|
|
|
Other non-deductible expenses/other tax-exempt income |
13,007 |
8,175 |
|
|
|
Changes in tax rates |
–1,796 |
146 |
|
|
|
Deviations in tax rates |
–5,807 |
–4,915 |
|
|
|
Taxes previous years |
2,641 |
412 |
|
|
|
Lapse of loss carried forward and other |
–4,570 |
–1,795 |
|
C. |
Income tax expenditure |
68,837 |
47,576 |
|
|
Average effective tax burden Figures in per cent |
22.5 |
23.3 |
||
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 are applied with an assumed profit participation of 85 per cent.
Deferred taxes are calculated on the basis of the respective national tax rates. In 2013, these were between 9 per cent and 35 per cent. Changes to tax rates already adopted as at 31 December 2013 were taken into account.
