11 Income tax expense
audited information

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in CHF thousands

2009

2008

+/– %

*

See note 29 for details.

Current

–35'002

–22'215

57.6

Deferred *

20'258

5'385

276.2

Total income tax expenses

–14'744

–16'830

–12.4

The actual net payments made by the LLB Group for domestic and foreign corporate profit taxes amounted to CHF 20.5 million for the full year 2009 and of CHF 49.1 million for the full year 2008.

The tax on pre-tax Group profit deviates from the theoretical amount, calculated on the basis of the weighted average Group tax rate on profit before tax, as follows:

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in CHF thousands

2009

2008

+/– %

Operating profit before tax

195'772

167'384

17.0

Income tax as per assumed rate of 11.5 % (2008: 10.0 %)

–22'514

–16'738

34.5

 

 

 

 

Increase/(decrease) resulting from

 

 

 

Difference between actual and assumed tax rates

–12'488

–5'477

128.0

Operating loss carry forwards

7'134

0

 

Non-taxable revenues

–382

–11'161

–96.6

Non-deductable depreciation on intangible assets

1'388

1'403

–1.1

Other non-deductible expenses

12'118

15'143

–20.0

Total income tax expenses

–14'744

–16'830

–12.4