• 7. Income taxes
Konzernrechnung emmi Gruppe

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.