ANNUAL REPORT 2011 - DONG Energy

notes
08 Income tax expense
DKK million 2011 2010
Income tax expense 169 10
Tax on other comprehensive income 146 33
tax for the year 315 43
income tax expense can be broken down as follows:
Current tax 134 7
Deferred tax 34 (1)
Adjustments to current tax in respect of prior years 579 115
Adjustments to deferred tax in respect of prior years (578) (111)
income tax expense 169 10
2011 DKK million %
income tax expense can be explained as follows:
Calculated 25% tax on profit before tax
tax effect of:
(610) (25)
Non-taxable income 778 32
Non-deductible expenses (1) -
Adjustments to tax in respect of prior years 2 -
Effective tax for the year 169 7
2010 DKK million %
income tax expense can be explained as follows:
Calculated 25% tax on profit before tax
tax effect of:
(449) (25)
Non-taxable income 457 25
Non-deductible expenses (2) -
Adjustments to tax in respect of prior years 4 -
Effective tax for the year 10 0
170 parEnt COmpany finanCial statEmEnts – DONG ENERGY ANNUAL REPORT 2011