9 Tax expenses

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in CHF thousands

2015

2014 (restated) **

+/– %

*

For further details, see note 27.

**

The comparison period was adjusted on the basis of the restatement. See point 2.1 of the accounting principles.

Current taxes

–4'958

–11'205

–55.8

Deferred taxes *

–812

12'803

 

Total tax expenses

–5'770

1'598

 

The actual net payments made by the LLB Group for domestic and foreign corporate profit taxes amounted to CHF 8.7 million for the full year 2015 and of CHF 7.9 million for the full year 2014.

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

2015

2014 (restated) *

+/– %

*

The comparison period was adjusted on the basis of the restatement. See point 2.1 of the accounting principles.

Operating profit before tax

92'070

70'497

30.6

Assumed average income tax rate of 11.5 % (2014: 11.5 %)

–10'588

–8'107

30.6

 

 

 

 

Increase / (decrease) resulting from

 

 

 

Use of tax losses carried forward

–134

–29

362.1

Use of non-capitalised losses carried forward

228

151

51.0

Non-tax-deductible expenses / (tax-exempt earnings)

2'018

8'286

–75.6

Other differences

2'706

1'297

108.7

Total tax expenses

–5'770

1'598

 

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.