9 Tax expenses

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in CHF thousands

 

2016

 

2015

 

+/– %

*

For further details, see note 25.

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:

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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.