34 Taxes on income

Taxes on income

 
Euro 000s 2008/2009 2007/2008  
Actual taxes 36 808 55 581 
Deferred taxes – 58 182  28 183 
  – 21 374  83 764 

Current tax expenses include the trade and corporate income tax charge, as well as foreign taxes on income.

Of deferred tax income, an amount of Euro 55 million relates to the arising and / or reversal of temporary differences (previous year: Euro 27.5 million). The difference to overall deferred tax income is due to the change in the write-down on losses carried forward and the utilisation through profit or loss of losses carried forward.

Actual tax expenses were reduced by Euro 1 million by using tax losses not previously recognised (previous year: Euro 416 thousand).

The transition from expected tax expenses to those actually reported is presented in the following table:

Transition to income tax rate

 
Euro 000s 2008/2009 2007/2008  
Earnings before taxes (EBT) – 96 386 268 780 
Expected tax expenses based on tax rate of 30%  – 28 916 80 634 
Deviations resulting from trade tax assessment base  5 587 3 328 
Income from capitalisation of corporate income tax credit claims  — —  
Deviations from expected tax rate – 1 451  – 1 483  
Change in tax rate and tax legislation — – 283  
Change in write-downs for losses and losses for which no deferred taxes are recognised 3 209 – 1 598  
Non-deductible expenses 1 855 3 904 
Tax-exempt income – 2 270  – 2 572  
Earnings of shareholdings recognised at equity 258 —  
Non-deductible goodwill amortisation and other consolidation measures 2 085 – 2 889  
Non-deductible items resulting from application of IAS 32 (2003) 3 822 4 229 
Taxes for previous years – 4 376  225 
Effect of equity procurement expenses — 819 
Other – 1 177  – 550  
Effective tax expenses – 21 374  83 764 
Effective tax rate in % 22.2 31.2