Notes to the Consolidated Financial Statements

12. Income taxes

€ 000

2012

2011

Current tax

1,473

642

Taxes from previous periods

-16

-2

Deferred tax

122

-1,320

Total

1,579

-680

     

Reconciliation between the tax expenses in the income statement and taxes calculated at the tax rate valid in the Group’s home country (24.50 per cent):

€ 000

2012

2011

Earnings before tax

5,603

-23,131

 

 

 

Taxes calculated at the domestic corporation tax rate

1,373

-6,014

Deviating tax rates of foreign subsidiaries

60

80

Income not subject to tax

-33

-162

Non-deductible expenses

136 5,533

Tax effect of dissolution losses

-

-101

Other items

60

-13

Taxes for the period in the income statement

-16

-2

Total

1,579

-680

 

 

 

Taxes for the period in the income statement

1,579

-680