No power train without Miba technology
No power train without Miba technology
No power train without Miba technology
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96<br />
From subsequent measurement<br />
Business year 2009–2010 From At Valuation<br />
TEUR interest fair value allowance Total<br />
Loans and receivables<br />
Financial assets at fair value<br />
697 0 –1,044 –347<br />
through profit or loss 189 –4 0 185<br />
Financial liabilities at amortized cost –3,467 0 0 –3,467<br />
Total –2,581 –4 –1,044 –3,629<br />
The interest from financial instruments is reported in the financial results. The valuation<br />
allowances on receivables are reported under other operating expenses.<br />
(10) Income taxes<br />
TEUR 2009-2010 2008-2009<br />
Expenses for current taxes 2,292 5,523<br />
<strong>No</strong>n-recurrent taxes only 0 –70<br />
Changes in deferred taxes 928 4,586<br />
Total 3,220 10,109<br />
The difference between the calculated income tax expenses (earnings before taxes<br />
multiplied by the Austrian tax rate of 25 percent) and the income tax expenses for the<br />
2009–2010 business year according to the Consolidated Income Statement is explained<br />
by the following:<br />
TEUR 2009-2010 2008-2009<br />
Earnings before taxes<br />
25% of the above amount (previous year: 25%)<br />
15,511 30,937<br />
calculated income tax expenses 3,878 7,734<br />
Effect of foreign tax rates<br />
Tax credits or payment of back taxes<br />
–325 624<br />
for previous periods 0 1,089<br />
Deferred taxes from consolidation –343 287<br />
Other items 11 375<br />
Income tax expense for the period 3,220 10,109<br />
Group tax rate in % 20.76 32.68
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