Notes to the Consolidated Income Statement
17 Taxes on income (page 1/2)
Current and deferred tax expenses and income apply to German and foreign taxes on income and are broken down as follows:
Taxes on income comprise German corporate tax including the solidarity surcharge, trade tax and comparable taxes of the foreign subsidiaries.
As in the previous year, no significant income was recognized from loss carrybacks in the reporting year.
As a result of the 2008 business tax reform in Germany, the tax expense has been reduced considerably. The nominal tax rate has dropped from 37.37 percent to 28.14 percent. The adjustment of deferred taxes in Germany to the new tax rate resulted in deferred tax income of € 11,678 thousand.
Deferred tax liabilities on temporary differences in connection with shares in subsidiaries were not taken into account as these differences are not likely to be reversed in the foreseeable future.
As in the previous year the application of amended or new standards did not result in any additional tax expenses or tax income.
Total tax loss carryforwards not yet utilized of € 340,578 thousand (previous year: € 330,982 thousand) are attributable to foreign subsidiaries in particular. Total tax loss carryforwards for which no deferred tax assets were recognized amount to € 330,876 thousand (previous year: € 325,986 thousand). Of this figure, € 2,963 thousand can be used until 2011 (previous year: € 929 thousand until 2010), none can be used until 2012 (previous year: € 5,492 thousand until 2011) and € 327,913 thousand can be used until 2014 and later (previous year: € 319,565 thousand until 2013 and later).