9 Tax expenses
Download |
in CHF thousands |
2016 |
2015 |
+/– % |
|||||
---|---|---|---|---|---|---|---|---|
|
||||||||
Current taxes |
–11'024 |
–4'958 |
122.3 |
|||||
Deferred taxes * |
1'470 |
–812 |
|
|||||
Total tax expenses |
–9'554 |
–5'770 |
65.6 |
The actual net payments made by the LLB Group for domestic and foreign corporate profit taxes amounted to CHF 7.6 million for the full year 2016 and to CHF 8.7 million for the full year 2015.
The tax on pre-tax Group profit deviates from the theoretical amount, calculated on the basis of the weighted average Group tax rate on profit before tax, as follows:
Download |
in CHF thousands |
2016 |
2015 |
+/– % |
|||
---|---|---|---|---|---|---|
Operating profit before tax |
113'423 |
92'070 |
23.2 |
|||
Assumed average income tax rate of 11.5 % (2015: 11.5 %) |
–13'044 |
–10'588 |
23.2 |
|||
|
|
|
|
|||
Increase / (Decrease) resulting from |
|
|
|
|||
Use of tax losses carried forward |
0 |
–134 |
–100.0 |
|||
Use of non-capitalised losses carried forward |
405 |
228 |
77.6 |
|||
Effect of taxes calculated at tax rates other than the assumed tax rate |
1'891 |
2'018 |
–6.3 |
|||
Tax charges / (savings) from previous years |
953 |
0 |
|
|||
Other differences |
241 |
2'706 |
–91.1 |
|||
Total tax expenses |
–9'554 |
–5'770 |
65.6 |
The assumed average tax burden is based on the average applicable tax rates for the individual companies or the individual tax jurisdictions, weighted according to the total contributions of the individual companies.