7. Income taxes
|
|
2018 |
2017 |
|
Current income taxes |
46,456 |
39,681 |
|
Deferred income taxes |
3,765 |
-9,376 |
|
Total |
50,221 |
30,305 |
|
Average tax rate |
17.4 % |
15.2 % |
The average tax rate adjusted for the tax effect on the sale of the minority stake in “siggi’s” amounted to 13.7% in the reporting year.
Net accruals for current income taxes decreased from CHF 23.7 million in 2017 to CHF 22.6 million in 2018. Deferred income taxes are calculated for every company using the effective applicable tax rate. As at 31 December 2018, the resulting weighted average tax rate was 19.9 %. Adjusted for the above-mentioned non-recurring effect, the weighted average tax rate was 18.0 % (previous year: 18.1 %). Deferred income taxes include recognised tax claims from tax loss carryforwards amounting to CHF 8.5 million (previous year: CHF 13.0 million).
|
Details on change of tax claims from tax loss carryforwards |
2018 |
2017 |
|
Recognised tax claims from tax loss carryforwards |
8,518 |
12,969 |
|
Unrecognised tax claims from tax loss carryforwards |
9,178 |
11,573 |
|
Total tax claims from tax loss carryforwards |
17,696 |
24,542 |
|
|
|
|
|
Recognised tax claims from tax loss carryforwards at 1.1. |
12,969 |
6,010 |
|
Additions |
331 |
442 |
|
Utilisation |
-7,375 |
-1,001 |
|
Reassessment |
2,868 |
6,893 |
|
Other adjustments |
-275 |
625 |
|
Recognised tax claims from tax loss carryforwards at 31.12. |
8,518 |
12,969 |
The net change of recognised tax claims from tax loss carryforwards increased the income taxes of the current period by CHF 4.5 million.