Annual Report 2010 - Frauenthal Holding AG

128 Annual Report 2010
Consolidated Financial Statements Frauenthal Holding Group 2010
The following auditing expenses were recognised in 2010:
Year-end-audit 60,000 60,000
Other certification services 171,120 158,500
Tax consultancy services 130,736 233,656
Other services 0 21,477
Total 361,856 473,634
[33] Interest and similar expenses
All borrowing costs attributable to qualifying assets were capitalised in 2010. In the previous year all borrowing costs were
recognised as expenses regardless of how the borrowings were applied.
[34] Income tax expense
EUR 2010 2009
Taxes on income
The rate of taxation applicable to the parent company, Frauenthal Holding AG is 25 %. The “Income tax expense” item
amounting to EUR 714,000 (2009: EUR 165,000) includes EUR 958,000 (2009: EUR 321,000) in current tax expense.
Change in deferred tax
The EUR 244,000 net change in deferred tax assets and liabilities is reported as tax expense (2009: EUR 486,000).