24 Income tax expenses
The current taxes include prior-period tax income totalling EUR 2 million (previous year: no prior-period tax expenses or income).
Deferred tax assets on tax loss carryforwards in the amount of EUR 13 million were recognised in the financial year (previous year: reversals of EUR 3 million). EUR 0 million in write-downs on deferred tax assets (previous year: EUR 2 million) were offset by EUR 2 million in reversals of write-downs (previous year: EUR 2 million).
The table below shows a reconciliation between the reported and the expected tax expense:
|Profit before taxes||174||31|
|Expected effective income tax rate||30.7%||30.7%|
|Expected tax expense||53||10|
|Deviation due to varying foreign tax rates||-2||-2|
|Tax portion for tax-exempt income||-1||-1|
|Tax portion for non-deductible expenses||22||60|
|Non-recognition, write-downs and utilisation of tax loss carryforwards||9||13|
|Result from investments accounted for at equity||-17||-4|
|Effect of non-tax-deductible goodwill impairments|
|Other tax effects||-12||-6|
|Reported tax expense||54||59|
|Reported income tax rate||31.0%||190.3%|
The expected effective income tax rate comprises corporate income tax, the solidarity surcharge and trade tax as pertinent for German corporations.