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267 Income TaxesIncome tax expenseIn CHF million 2008 HY 2007 HYCurrent tax expenseCurrent tax of the current period 57 152Adjustments for current tax of prior periods –61 –3Total current tax expense –4 149Deferred tax expenseOrigination and reversal of temporary differences –6 –37Changes in tax rates – –Total deferred tax expense –6 –37Total income tax expense –10 112Due to an internal restructuring, the Swiss Life Group realised a tax benefit amounting to CHF 61 million.8 Financial Assets and Liabilities at Fair Value through Profit or LossIn CHF million Notes 30.06.2008 31.12.2007Designated as Designated asat fair value at fair valuethroughthroughprofit or loss profit or lossFinancial assets at fair value through profit or lossDebt securities 1 841 1 814Equity securities 435 874Investment fund units – debt 1 951 1 665Investment fund units – equity 1 206 1 051Investment fund units – mixed 37 30Private equity 16 –Hedge funds 229 267Assets for the account and risk of the Swiss Life Group’s customers 4 11 939 13 696Other 4 2Total financial assets at fair value through profit or loss 17 658 19 399Financial liabilities at fair value through profit or lossLiabilities for the account and risk of the Swiss Life Group’s customers 10 581 11 042Share of net assets of investment funds attributable to minority unitholders 426 385Total financial liabilities at fair value through profit or loss 11 007 11 427