Notes to the Consolidated Income Statement
18 Taxes on income (page 1/2)
Taxes on income are broken down as follows:
|Current taxes||– 7,018||– 7,803|
|Deferred taxes||– 90,988||– 49,765|
|– 98,006||– 57,568|
Taxes on income comprise German corporate tax including the solidarity surcharge, trade tax, and comparable taxes of the foreign subsidiaries.
Income of € 6,010 thousand was recognized from loss carrybacks in the reporting year (previous year: € 0 thousand).
The nominal tax rate is 28.14 percent for the financial year (previous year: 28.14 percent).
No deferred tax liabilities were recognized for temporary differences on shares in subsidiaries of € 285,047 thousand (previous year: € 352,218 thousand) as it is unlikely that these differences will reverse in the foreseeable future or the corresponding effects are not subject to taxation. Any recognition of deferred taxes would be based on the respective applicable tax rates in line with local taxation on distributed dividends.
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 € 436,366 thousand (previous year: € 340,415 thousand). Of these, € 2,045 thousand can be used until 2011 (previous year: € 3,560 thousand until 2010), € 8,398 thousand until 2012 (previous year: zero until 2011), € 3,706 thousand until 2013 (previous year: zero until 2012), € 775 thousand until 2014 (previous year: zero until 2013), € 10,681 thousand until 2015 (previous year: € 6,101 thousand until 2014) and € 410,761 thousand until 2016 and later (previous year: € 330,754 thousand until 2015 and later).