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277 DZ BANK 2015 ANNUAL REPORT CONSOLIDATED FINANCIAL STATEMENTS NOTES Gains and losses on deconsolidation of subsidiaries largely consisted of losses from the deconsolidation of DZ FINANCE Ireland Limited. In 2014, gains and losses on deconsolidation of subsidiaries had included gains from the deconsolidation of Nedship Scheepvaarthuis B.V., Rotterdam, Netherlands, of €6 million. Further details of impairment losses on goodwill can be found in note 89. Residual other net operating income includes rental income from investment property of €9 million (2014: €9 million) and directly assignable expenses of €1 million (2014: €2 million). » 46 INCOME TAXES 2015 2014 Current tax expense -514 -412 Deferred tax expense -143 -298 Total -657 -710 € million he total for current taxes includes expenses of €14 million (2014: income of €65 million) attributable to previous years. Deferred taxes include expenses of €89 million (2014: expenses of €254 million) arising from the appearance and disappearance of temporary diferences. Current taxes in relation to the German limited companies in the group are calculated using an efective corporation tax rate of 15.825 percent based on a corporation tax rate of 15.0 percent plus the solidarity surcharge. he tax rate applied in 2015 was unchanged from the rate used in 2014. he efective rate for trade tax is 15.155 percent (2014: 15.085 percent) for DZ BANK and subsidiaries that are members of the tax group. Deferred taxes must be calculated using tax rates expected to apply when the tax asset or liability arises. he tax rates used are therefore those that are valid or have been announced for the periods in question as at the balance sheet date. 278 DZ BANK 2015 ANNUAL REPORT CONSOLIDATED FINANCIAL STATEMENTS NOTES he following table shows a reconciliation from expected income taxes to recognized income taxes based on application of the current tax law in Germany: € million 2015 2014 Profit before taxes 2,453 2,867 Group income tax rate 30.980% 30.910% Expected income taxes -760 -886 103 176 7 17 Adjustments resulting from other types of income tax, other trade tax multipliers, and changes in tax rates 39 35 Tax rate differences on income subject to taxation in other countries 11 4 Current and deferred taxes relating to prior years 23 148 Change in impairment losses on deferred tax assets 17 1 6 -29 -657 -710 Income tax effects Impact of tax-exempt income and non-deductible expenses Other effects Recognized income taxes » 47 he following amounts were reclassiied from other comprehensive income / loss to the income statement in 2015: ITEMS RECLASSIFIED TO THE INCOME STATEMENT € million 2015 2014 Gains and losses on available-for-sale financial assets -116 1,309 Gains (+) / losses (-) arising during the reporting period Gains (-) / losses (+) reclassified to the income statement 44 1,565 -160 -256 Gains and losses on cash flow hedges 14 -31 Gains (+) / losses (-) arising during the reporting period -32 -31 Gains (-) / losses (+) reclassified to the income statement 46 – Exchange differences on currency translation of foreign operations 45 12 Gains (+) / losses (-) arising during the reporting period 45 17 Gains (-) / losses (+) reclassified to the income statement – -5 Gains and losses on hedges of net investments in foreign operations -24 -15 Gains (+) / losses (-) arising during the reporting period -18 -21 Gains (-) / losses (+) reclassified to the income statement -6 6 Share of other comprehensive income / loss of joint ventures and associates accounted for using the equity method 17 24 Gains (+) / losses (-) arising during the reporting period 21 24 Gains (-) / losses (+) reclassified to the income statement -4 –