Notes to the Consolidated Income Statement
18 Taxes on income (page 1/2)
Taxes on income are broken down as follows:
|Current taxes||51,049||– 7,018|
|Deferred taxes||6,363||– 90,988|
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 material income was recognized from loss carrybacks in the reporting year.
The nominal tax rate is 28.14 percent for the financial year (previous year: 28.14 percent).
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 at March 31, 2009 temporary differences from shares in subsidiaries totaled € 325,218 thousand.
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 for which no deferred tax assets were recognized amount to € 340,415 thousand (previous year: € 330,876 thousand). Of these, € 3,560 thousand can be used until 2010 (previous year: none until 2009), none can be used until 2012 (previous year: € 2,963 thousand until 2011), € 6,101 thousand can be used until 2014 (previous year: none until 2013) and € 330,754 can be used until 2015 and later (previous year: € 327,913 thousand until 2014 and later).