palfinger at a glance
palfinger at a glance
palfinger at a glance
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noteS TO THE CONSolid<strong>at</strong>ed FINANCIAL St<strong>at</strong>ementS<br />
conSolid<strong>at</strong>ed FINANCIAL St<strong>at</strong>ementS FOR THE Year ENDED 31 DECEMBER 2011<br />
> search Print<br />
(55) INCOME TAX EXpenSE<br />
The r<strong>at</strong>e of corpor<strong>at</strong>ion tax applicable to the parent company, PALFINGER AG, remained <strong>at</strong> 25 per cent,<br />
which is the same r<strong>at</strong>e as in the previous year.<br />
EUR thousand Jan–Dec 2011 Jan–Dec 2010<br />
Effective tax expense (–)/income (+) (9,686) (6,312)<br />
thereof from previous years 809 176<br />
Deferred tax expense (–)/income (+) 52 3,756<br />
thereof from the recognition of tax-loss carry forwards from previous years 5,038 3,103<br />
thereof due to tax r<strong>at</strong>e changes 68 (38)<br />
thereof from the adjustment of tax-loss carry forwards (1,923) 0<br />
Total (9,634) (2,556)<br />
An income tax r<strong>at</strong>e of 25 per cent was employed for the calcul<strong>at</strong>ion of tax deferrals for companies based in<br />
Austria, and respective local r<strong>at</strong>es were applied for companies loc<strong>at</strong>ed abroad.<br />
The Group’s effective tax r<strong>at</strong>e in rel<strong>at</strong>ion to the result before income tax was 16.9 per cent (previous year:<br />
8.6 per cent).<br />
EUR thousand Jan–Dec 2011 Jan–Dec 2010<br />
Result before income tax 57,000 29,833<br />
Income tax expense (9,634) (2,556)<br />
Effective tax r<strong>at</strong>e 16.9% 8.6%<br />
160<br />
<strong>palfinger</strong> Annual Report 2011
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