39. Tax expenditure


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.

© UNIQA Group 2014