Annual report 2005 - Xeikon
Annual report 2005 - Xeikon
Annual report 2005 - Xeikon
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6. Income taxes<br />
31/12/04<br />
Analysis of charge arising in year € '000<br />
31/12/05<br />
€ '000<br />
UK (at 30%)<br />
Belgium (at 34%)<br />
Other (between 22% and 40%)<br />
Total current tax<br />
Deferred tax<br />
Taxation<br />
153<br />
621<br />
221<br />
995<br />
2,497<br />
3,492<br />
518<br />
1,876<br />
708<br />
3,102<br />
2,492<br />
5,594<br />
31/12/04<br />
31/12/05<br />
Current tax charged to P&L € '000<br />
€ '000<br />
Corporation tax<br />
Total current tax liabilities<br />
995<br />
995<br />
3,102<br />
3,102<br />
31/12/04<br />
31/12/05<br />
Tax in profit & loss account € '000<br />
€ '000<br />
Current tax<br />
995<br />
3,102<br />
Deferred tax<br />
2,497<br />
2,492<br />
Taxes<br />
3,492<br />
5,594<br />
Reconciliation of tax charge<br />
Result before tax<br />
11,006<br />
18,721<br />
Income tax using the Belgian tax rate<br />
3,742<br />
34%<br />
6,365<br />
34%<br />
Tax effect of non deductable expenses<br />
314<br />
3%<br />
490<br />
3%<br />
Tax effect of tax exempt revenues<br />
(276)<br />
(3%)<br />
(116)<br />
(1%)<br />
Tax effect of unrecognised tax losses<br />
(280)<br />
(3%)<br />
(783)<br />
(4%)<br />
Under/over-provided in prior years<br />
15<br />
(6)<br />
Effect of tax rates in foreign jurisdictions<br />
(44)<br />
(286)<br />
(2%)<br />
Other tax effects<br />
21<br />
(70)<br />
Total tax reconciliation<br />
3,492<br />
32%<br />
5,594<br />
30%<br />
46
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