Annual Report Gorenje Group 2009

Presentation of effective income tax rates calculated on the basis of commercial balance sheet:
in TEUR 2009 2009 2008 2008
Profit excluding income tax -8,740 11,884
Income tax using the domestic tax rate 21.00% -1,835 22.00% 2,614
Non-deductible expenses -20.91% 1,828 19.19% 2,281
Tax exempt income 23.18% -2,026 -18.15% -2,157
Tax incentives 7.12% -623 -23.78% -2,826
Income tax expense 30.39% -2,656 -0.74% -88
The following deferred tax amounts were recognised in other comprehensive income:
in TEUR 2009
Pre-tax amount Tax
After-tax
amount
Change in fair value of available-for-sale financial assets -843 181 -662
Change in fair value of available-for-sale financial assets
transferred to profit or loss -3,097 351 -2,746
Change in effective portion of gains and losses on
hedging instruments in a cash flow hedge 597 2,062 2,659
Change in effective portion of gains and losses on
hedging instruments in a cash flow hedge transferred to
profit or loss -1,611 0 -1,611
Change in fair value of land 0 74 74
Total -4,954 2,668 -2,286
in TEUR 2008
Pre-tax amount Tax
After-tax
amount
Change in fair value of available-for-sale financial assets -3,883 936 -2,947
Change in fair value of available-for-sale financial assets
transferred to profit or loss -2,288 503 -1,785
Change in effective portion of gains and losses on
hedging instruments in a cash flow hedge -8,576 0 -8,576
Change in effective portion of gains and losses on
hedging instruments in a cash flow hedge transferred to
profit or loss -84 0 -84
Change in fair value of land 7,454 -1,639 5,815
Total -7,377 -200 -7,577
197
Annual Report Gorenje Group 2009