Annual report 2005 - Sava dd

a n n u a l r e p o r t | 2 0 0 5
2 1 8 |
Survey of tax on profit calculation
(SIT in thousands)
COMPARISON BETWEEN THE ACTUAL YEAR 2005 YEAR 2004
AND THE CALCULATED TAX RATE Rate Amount Tax Rate Amount Tax
Pre-tax profit 5,194,631 3,784,860
Tax on profit applying the official rate 25.0% 1,298,658 25.0% 946,215
Effect by tax rates in other countries 0.0% 0 0 0.0% 0 0
Expenses not tax-deductible 2.1% 426,804 106,701 3.6% 542,960 135,740
Effect of increase in tax rate on special profits 0.0% 0 0 0.0% 0 0
Non-taxed revenues -6.6% -1,380,712 -345,178 -3.7% -553,097 -138,274
Tax reliefs
- applied, having effect on tax liability decrease -2.9% -601,930 -150,483 -6.2% -941,558 -235,390
- remaining, to be utilised in the following years 0 0 0 0.0% 0 0
Tax loss
- applied, having effect on tax liability decrease 0.0% 0 0 0.0% 0 0
- remaining, to be utilised in the following years 0.0% 0 0 0.0% 0 0
Adjustments for previous years 0 0 0 0.0% 0 0
TAX ASSESSED FOR THE CURRENT YEAR -7.5% -388,960 -6.3% -237,924
Temporary difference for calculating deferred tax -0.1% -13,388 -3,347 0.0% 0 0
TAX IN THE INCOME STATEMENT 17.4% 906,351 18.7% 708,291
Under revenues that are not tax-deductible revaluation
of assets and debts, newly formed long-term provisions
and other not recognised expenses in accordance with
the Law on Legal Entities Income Tax are included.
Received dividends by Gorenjska Banka d.d., in which
we have a 41.13per cent shareholding, are shown under
Survey of receivables and liabilities for deferred taxes
non-taxed revenues and elimination of the already taxed
long-term provisions.
Tax reliefs utilised in 2005 relate to investments in
intangible and tangible fixed assets, employed disabled
persons, the pension scheme and donations.
(SIT in thousands)
RECEIVABLES LIABILITIES NET
Deferred taxes due from: 2005 2004 2005 2004 2005 2004
Operating receivables 1,139 0 0 0 1,139 0
Provisions 2,208 0 0 0 2,208 0
TOTAL 3,347 0 0 0 3,347 0