(14) Income tax

  Download table (.xls)

€ M

2006

2005

Current taxes

193

171

Deferred taxes

–53

55

INCOME TAX

140

226

 

 

 

€ M

2006

2005

Profit before tax

3,272

1,301

Applicable tax rate

25 %

25 %

Computed income tax

818

325

Tax effects

 

 

from previous years and changes in tax rates

–8

–6

from foreign income

–24

–42

from tax-exempt income

–623

–66

from other non-deductible expenses

12

24

from the adjustment of the expectation of the future use of tax losses carried forward

–43

–8

from amortisation of goodwill

2

1

Other tax effects

6

–3

INCOME TAX

140

226

Effective tax rate

4.3 %

17.4 %