TŽ Annual Report 2008 in pdf, 7.5 MB - Třinecké železárny

5.15.2. Deferred Tax Asset (CZK thousand)Tax rate in % Balance at31 Dec 2008Balance at31 Dec 2007Balance at31 Dec 2006Difference between tax and accounting net book value of fixed assets 24 0 0 8 421Difference between tax and accounting net book value of fixed assets 20 –12 492 0 0Difference between tax and accounting net book value of fixed assets 19 –40 481 0 0Accounting reserves 24 0 12 500Expenses to be utilised in subsequent periods 20 490 0 0Provisions 24 0 0 5 350Provisions 20 27660 0 0Utilisable tax losses 24 0 0 5 946Utilisable tax losses 19 177 685 0 0Utilisable tax losses 20 96 450 0 0Total tax base 249 312 0 32 217Deferred tax asset 48 490 0 7 732(CZK thousand)Analysis of movements1 January 2007 7 732Current changes charged to the profit and loss account –7 73231 December 2007 0Current changes charged to the profit and loss account 48 49031 December 2008 48 4905.16. Income Tax on Ordinary and Extraordinary Activity (CZK thousand)Balance at 31 Dec 2008 Balance at 31 Dec 2007 Balance at 31 Dec 2006Profit before tax 1 750 073 5 125 019 3 593 681Tax at the domestic income tax rate 21 % (24 %, 26 %) 421 750 1 230 005 862 483Tax effect of expenses that are not allowable in determining taxable profit –29 886 –196 748 29 958Tax reliefs –6 808 –6 583 –656Additional taxes of prior years –2 518 11 050 –13 808Corrections of estimates 0 196 –2338Total income tax on ordinary and extraordinary activities 382 536 1 037 920 875 63998F I N A N C I A L P A R T