7.Income taxes
|
|
2019 |
2018 |
|
Current income taxes |
42,348 |
46,456 |
|
Deferred income taxes |
-7,564 |
3,765 |
|
Total |
34,784 |
50,221 |
|
Average tax rate |
16.6 % |
17.4 % |
In the previous year, the average tax rate was 13.7 % following adjustment for the tax effect from the sale of the minority stake in “siggi’s”.
Net accruals for current income taxes increased from CHF 22.6 million in 2018 to CHF 23.4 million in 2019. Deferred income taxes are calculated for every company using the effective applicable tax rate. As at 31 December 2019, the resulting weighted average tax rate was 17.8 % (previous year: 19.9 % or 18.0 % respectively, adjusted for the non-recurring effect on the sale of the minority stake in “siggi’s”). Deferred income taxes include recognised tax claims from tax loss carryforwards amounting to CHF 7.1 million (previous year: CHF 8.5 million).
|
Details on change of tax claims from tax loss carryforwards |
2019 |
2018 |
|
Recognised tax claims from tax loss carryforwards |
7,098 |
8,518 |
|
Unrecognised tax claims from tax loss carryforwards |
8,552 |
9,178 |
|
Total tax claims from tax loss carryforwards |
15,650 |
17,696 |
|
|
|
|
|
Recognised tax claims from tax loss carryforwards at 1.1. |
8,518 |
12,969 |
|
Change in scope of consolidation |
-584 |
– |
|
Additions |
271 |
331 |
|
Utilisation |
-2,141 |
-7,375 |
|
Reassessment |
1,341 |
2,868 |
|
Other adjustments |
-307 |
-275 |
|
Recognised tax claims from tax loss carryforwards at 31.12. |
7,098 |
8,518 |
The net change of recognised tax claims from tax loss carryforwards increased the income tax expenses of the current period by CHF 1.4 million.