Notes to the Consolidated Financial Statements

12. Income taxes

€ 000

2013

2012

Current tax

529 1,473

Taxes from previous periods

-53 -16

Deferred tax

-14 122

Total

461 1,579
     

 

Reconciliation between the tax expenses in the income statement and taxes calculated at the tax rate valid in the Group’s home country (24.5 per cent):

€ 000

2013

2012

Earnings before tax

-3,606 5,603

 

   

Taxes calculated at the domestic corporation tax rate

-883 1,373

Deviating tax rates of foreign subsidiaries

58 60

Income not subject to tax

-89 -33

Non-deductible expenses

1,678 136

Tax effect of dissolution losses

- -

Other items

-249 60

Taxes for the period in the income statement

-53 -16

Total

461 1,579

 

   

Taxes for the period in the income statement

461 1,579