Notes to the Consolidated Financial Statements

12. Income taxes

€ 000

2014

2013

Current tax

973 529

Taxes from previous periods

-186 -53

Deferred tax

-3 -14

Total

784 461

 

Reconciliation between the tax expenses in the income statement and taxes calculated at the tax rate valid in the Group’s home country (20 per cent):

€ 000

2014

2013

Earnings before tax

3,634 -3,606

 

   

Taxes calculated at the domestic corporation tax rate

727 -883

Deviating tax rates of foreign subsidiaries

91 58

Income not subject to tax

-2 -89

Non-deductible expenses

215 1,678

Tax effect of dissolution losses

75 -

Other items

-3 -249

Taxes for the period in the income statement

-130 -53

Total

973 461

 

   

Taxes for the period in the income statement

973 461