2007 Annual Report

2007 Annual Report –Report on Operations
Changes Changes
2007 2006 EUR m %
EBT 1,095.5 1,019.6 75.9 7.4%
Tax Rate (%) 37.8% 35.1%
Net profit 506.8 505.5 1.3 0.3%
As previously commented, the increase in the Group’s tax rate is mainly attributable to charges resulting from the re-
adjustment of deferred tax assets to the new tax rates enforced as of 2008 in Italy. At 31 December 2006, the tax
rate was positively affected by the recognition of deferred tax assets generated by the redefinition of the higher tax
reference values for the intangible assets included in the digital multiplex systems sold by RTI to Elettronica Industri-
ale.
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