Südzucker International Finance B. V. Südzucker AG ... - Xetra

Reconciliation of earnings before income taxes to income tax expense:2002/03 2001/02D millionEarnings before taxes on income 373.7 387.9Theoretical tax rate 39.2 % 37.9 %Theoretical tax expense 146.5 147.0Change in theoretical tax rate as a result of:Different tax rate (17.5) (4.9)Tax reduction for tax-free income (71.7) (97.6)Tax increase for non-deductible expenses 31.2 95.0Deferred tax income due to change in Belgian tax rate (15.2) 0.0Other (15.0) (32.7)Taxes on income 58.3 106.8Effective tax rate 15.6 % 27.6 %The theoretical income tax rate of 39.2 % is calculated by using the corporation tax rate, increased from 25.0 % to26.5 % as a result of the flood victims solidarity surcharge, plus a solidarity surcharge of 5.5 % of the corporationtax charge, and municipal trade tax on income.2.12 Research and development expensesResearch and development expenses amounted to D 25.5 million (D 22.8 million).F-33