Values

104
Group Financial Statements
Notes
8 Other Financial Expenses and Income
in € millions
Other fi nancial income
2009 2008
Expected return on plan assets from defi ned benefi t plans 51 70
Minority interest in partnerships 2 –
Other 51 42
104 112
Other fi nancial expenses
Interest expenses on provision for defi ned benefi t plans (131) (126)
Dividend entitlement on profi t participation certifi cates (76) (76)
Minority interest in partnerships – (39)
Financial expenses from put options (34) (31)
Non-operating forex losses (8) (10)
Other (23) (29)
(272) (311)
Income and expenses from non-operating foreign currency
hedging are netted against each other to better refl ect the economic
content.
9 Income Taxes
Income taxes, broken down into current and deferred income
taxes, are as follows:
in € millions 2009 2008
Net income before income taxes (total) 270 335
Current income taxes from continuing operations (226) (264)
Deferred income taxes from continuing operations (9) 210
Income taxes from continuing operations (235) (54)
Current income taxes from discontinued operations – (11)
Total income taxes (235) (65)
Net income after income taxes (total) 35 270
Tax loss carry-forwards of €395 million (previous year: €447 million)
were utilized in the year under review, reducing current
tax expenses by €88 million (previous year: €76 million). Among
the tax loss carry-forwards utilized, €73 million relate to domestic
corporate income tax, €175 million to domestic trade tax
and €147 million to foreign income tax. Th ese amounts include
€11 million for tax loss carry-forwards for which no deferred tax
assets were recognized in the past. Th ese concern €1 million in
domestic corporate income tax, €5 million in domestic trade
tax and €5 million in foreign income tax.
Bertelsmann Annual Report 2009