All tax liabilities (EUR 811 thousand; previous year: EUR 1,962 thousand) are current.
The deferred tax assets and liabilities reported in the consolidated statement of financial position relate to the following items:
|
Net as at 30/06/2018 * |
Recognised in profit or loss |
Recognised in OCI |
Recognised directly in equity |
Net as at 30/06/2019 |
Deferred tax assets |
Deferred tax liabilities |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Intangible assets |
6,792 |
-6,781 |
0 |
0 |
11 |
11 |
0 |
|||||||||
Property, plant and equipment |
-4,198 |
-887 |
0 |
0 |
-5,085 |
116 |
-5,201 |
|||||||||
Trade receivables and other assets |
0 |
-28 |
263 |
0 |
235 |
235 |
0 |
|||||||||
Trade payables |
-11,106 |
1,390 |
0 |
0 |
-9,716 |
738 |
-10,454 |
|||||||||
Tax loss carry-forwards |
8,512 |
3,364 |
0 |
0 |
11,876 |
11,876 |
0 |
|||||||||
Total |
0 |
-2,942 |
263 |
0 |
-2,679 |
12,976 |
-15,655 |
|||||||||
|
Net as at 01/07/2017 * |
Recognised in profit or loss |
Recognised in OCI |
Recognised directly in equity |
Net as at 30/06/2018 * |
Deferred tax assets |
Deferred tax liabilities |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Intangible assets |
-1,698 |
8,490 |
0 |
0 |
6,792 |
6,792 |
0 |
|||||||||
Property, plant and equipment |
-3,148 |
-1,050 |
0 |
0 |
-4,198 |
91 |
-4,289 |
|||||||||
Derivatives |
522 |
0 |
-522 |
0 |
0 |
0 |
0 |
|||||||||
Trade receivables and other assets |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|||||||||
Trade payables |
0 |
-11,106 |
0 |
0 |
-11,106 |
0 |
-11,106 |
|||||||||
Tax loss carry-forwards |
4,324 |
4,188 |
0 |
0 |
8,512 |
8,512 |
0 |
|||||||||
Total |
0 |
522 |
-522 |
0 |
0 |
15,395 |
-15,395 |
|||||||||
Deferred taxes carried in other comprehensive income result in each case from cash flow hedges.
The income tax expense was made up as follows:
EUR '000 |
2018/2019 |
2017/2018 * |
||||
|---|---|---|---|---|---|---|
|
||||||
|
|
|
||||
Income taxes |
|
|
||||
Current period |
-1,742 |
-2,391 |
||||
Prior period |
266 |
581 |
||||
|
|
|
||||
Deferred tax benefit/expense in connection with |
|
|
||||
the creation or reversal of temporary differences |
-6,306 |
-5,324 |
||||
tax loss carryforwards not yet utilised |
3,364 |
4,188 |
||||
|
-4,418 |
-2,946 |
||||
At the end of the reporting period, the Group had corporation tax loss carry-forwards amounting to EUR 0 thousand (previous year: EUR 20,737 thousand) and trade tax loss carry-forwards amounting to EUR 0 thousand (previous year: EUR 15,227 thousand) for which no deferred tax assets have been recognised. The tax loss carry-forwards have an unlimited carry-forward period.
The expected income tax expense which would theoretically result from applying the weighted average tax rate of 32.81% (previous year: 32.81%) can be reconciled with the actual income tax benefit reported in the consolidated statement of comprehensive income as follows:
EUR '000 |
2018/2019 |
2017/2018 * |
||||
|---|---|---|---|---|---|---|
|
||||||
|
|
|
||||
Consolidated net profit before income taxes |
21,809 |
34,651 |
||||
Theoretical tax rate in % |
32.81 |
32.81 |
||||
|
|
|
||||
Expected income tax payment |
-7,156 |
-11,369 |
||||
|
|
|
||||
Effects of changes in tax rates |
|
|
||||
Effects from tax additions and subtractions |
2,486 |
1,295 |
||||
Effect of supplementary tax accounts |
0 |
0 |
||||
Losses in the financial year for which no deferred taxes were recognised |
0 |
0 |
||||
Change in ability to utilise tax loss carry-forwards |
2,928 |
5,596 |
||||
Change in deferred taxes |
-2,942 |
951 |
||||
Prior-year taxes |
266 |
581 |
||||
Tax implications of accounting using the equity method |
0 |
0 |
||||
Tax payment as reported in the consolidated statement of comprehensive income |
-4,418 |
-2,946 |
||||
Actual tax rate in % |
20.26 |
8.50 |
||||