8 – Tax expense
| (€ million) |
2008 |
2007 |
| Current tax |
|
1.8 |
|
1.8 |
|
|
|
|
|
| Deferred tax |
|
|
|
|
| Deferred tax liabilities |
-20.7 |
|
32.2 |
|
| Deferred tax assets |
-2.8 |
|
-1.8 |
|
|
|
-23.5 |
|
30.4 |
|
|
-21.7 |
|
32.2 |
Effective tax rate and tax burden
| (€ million) |
2008 |
2007 |
| Net result before tax |
|
-261.3 |
|
833.7 |
|
|
|
|
|
| Tax at standard Dutch rate |
25.5% |
-66.6 |
25.5% |
212.6 |
| Adjustment for tax rates in other countries |
5.9% |
-15.5 |
3.7% |
30.7 |
| Exempt because of tax status |
-18.9% |
49.3 |
-21.2% |
-176.3 |
| Deductible expenses |
-2.8% |
7.3 |
-0.8% |
-6.9 |
| Utilisation of tax losses |
-0.4% |
1.1 |
-0.2% |
-1.6 |
| Other than corporation tax |
-1.0% |
2.7 |
0.2% |
1.6 |
| Change in tax rate |
– |
– |
-3.3% |
-27.9 |
|
8.3% |
-21.7 |
3.9% |
32.2 |
Source: Annual Report 2008, Chapter Financial Statements, page 163 (PDF, 179 kB)
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